Finance Board Moves to Let West Evanston TIF Run Its Course

Finance board moves to let West Evanston TIF run its course

The city’s Finance and Budget Committee hashed out split opinions Wednesday on what to do with the city’s largest tax increment financing (TIF) district, ultimately recommending to let the West Evanston TIF expire naturally in a few years rather than delivering an early end or an extended lifespan as some members wanted. TIF districts are an economic development tool to invest property taxes into improvements in a defined area to spur economic d…

West Evanston TIF back up for debate

Alders eyeing closing TIFs early, West Evanston could be one.