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Finance committee approves Peru TIF intergovernmental agreement and sends it to full board
LaSalle County Finance Committee · November 14, 2025
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Summary
LaSalle County Finance Committee approved an intergovernmental agreement with the City of Peru that formalizes surplus TIF distributions (no less than 15% of gross real estate tax increment) to taxing bodies and voted to forward the measure to the full county board.
The LaSalle County Finance Committee on Nov. 14 voted to approve an intergovernmental agreement with the City of Peru that spells out how tax-increment financing (TIF) surplus will be declared and shared among taxing districts.
Committee members discussed a provision that requires the…
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