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Shorewood review board acknowledges state TIF reports after staff says revenues outperformed expectations
Summary
The Village of Shorewood Joint Review Board acknowledged and filed state-required reports after staff reported tax increment financing revenues overall exceeded projections, while two districts remain below projected equalized values.
The Village of Shorewood Joint Review Board voted to acknowledge and file state-required reports after staff told the board that the village’s three tax increment financing (TIF) districts are generating more revenue than expected overall, though two districts remain short of projected equalized values.
Staff member (Christina or David) summarized the financials, saying, "all 3 of the TIF districts are performing as far as the revenue is concerned, better than expected." The staff member added that…
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