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Board backs Madison & Ashlin development projected to add TIF revenue
Summary
Trustees unanimously supported a Madison & Ashlin development anticipated to yield roughly $600,000 in property tax revenue in the first year and nearly $10 million over the life of the TIF, a move the president called a major step to stabilize the tax base.
The village board unanimously supported a development proposal at Madison and Ashlin that village leadership says will strengthen the local tax base.
President Ducey described the project as generating approximately $600,000 in anticipated property tax revenue in its first year and nearly $10 million over the remaining life of the TIF. She characterized the project as a major step for the village's long-term fiscal stability and economic development strategy.
Trustees offered unanimous support during the meeting; Ducey framed the development as part of an overall effort to expand the tax base so the village can maintain services without unduly burdening homeowners.
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