Board hears TID updates; staff flags possible near closure for Prairie Highlands
Finance staff reviewed active Tax Increment Districts, noting Prairie Highlands (TID 5) as the largest and that it may close soon given collected increments and remaining projects; several other TIDs show carryovers and variable cash flows.
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As part of the budget presentation, finance staff reviewed the village's active tax incremental districts (TIDs) and highlighted TID balances, recent increments and project carryovers.
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