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Hanover trustee warns St. John TIFs could reduce school and township revenues
Summary
At the March 25 meeting, Hanover township trustee Kevin Toth told the St. John Redevelopment Commission that residential TIF districts shift tax revenue away from schools and townships and asked whether the commission had quantified losses or considered the effect of a potential state move to a rate-based tax system.
Kevin Toth, introduced by the presiding officer and identifying himself as Hanover township trustee, told the St. John Redevelopment Commission on March 25 that residential tax-increment financing districts reduce revenue available to overlapping taxing bodies and leave townships and schools to provide services without added tax base.
"I just wanna know that you guys understand what this is doing to all the other taxing entities around you when you do this," Toth said, pressing the commission for numbers on estimated school revenue losses and describing a concern that…
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