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TIF fund shows deficit but backs downtown parking, streetscape and beautification projects
Summary
Officials told trustees the Oswego TIF fund expects about $2.0M in revenue and $4.3M in expenditures for 2026, will rely on loans from the capital fund, and will fund downtown projects including a silo parking and lighting project and South Harrison Streetscape.
Trustees discussed the village's Tax Increment Financing (TIF) fund and several downtown projects it will support, including a silo parking and lighting project, a Harrison Streetscape reconstruction and a beautification grant tied to the Reserve at Hudson Crossing.
The presenter summarized financials: "revenue is estimated at just over $2,000,000 and expenditures are 4.3" for 2026, creating a planned deficit that will rely on loans from the capital fund. She said the TIF is…
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