Village projects $191.4M in tax increment; cash-flow could accelerate TID payoff
Staff told the GRB the amended TID 11 plan projects about $191.4 million in total tax increment for the district; with amended costs the projection suggests funds could be available for additional projects or to pay off projects early, which may shorten the TID life.
The full story
Village financial projections attached to the amended project plan show projected total tax increment across the amended district of about $191,434,000, which staff said provides economic feasibility for the proposed project costs.
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