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Lisle board opens, then continues public hearing on proposed East Ogden Avenue TIF district
Summary
The Village of Lisle opened a public hearing on a proposed East Ogden Avenue tax increment financing (TIF) district June 16 and voted to continue the hearing to July 21 to allow further meet-and-confer discussions with other taxing bodies and additional review of the redevelopment plan.
The Village of Lisle on June 16 opened a public hearing on the proposed Village of Lisle East Ogden Avenue Tax Increment Financing District and voted to continue the hearing until July 21 to allow village representatives to continue meet-and-confer talks with other taxing bodies and to further evaluate the TIF plan.
The hearing matters because the designation would freeze equalized assessed values (EAVs) for properties inside the proposed district while increment taxes fund redevelopment projects; speakers at the hearing said the proposed boundary could shift future tax burdens onto school and other taxing districts if…
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