Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee votes to declare $717,647.13 TIF surplus, forwards resolution to board
Summary
Machesney Park’s Administration Finance Committee approved Resolution 5R-26 to declare a TIF surplus of $717,647.13 and forward the resolution to the full board with a positive recommendation after a staff report from Shannon Hansen.
The Machesney Park Administration Finance Committee voted Jan. 5 to approve Resolution 5R-26, declaring a tax-increment financing (TIF) surplus of $717,647.13 and forwarding the item to the full board with a positive recommendation.
Shannon Hansen presented the item and said the village extended the TIF in 2024 for 12 additional years — expiring in 2026 — to continue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
