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August 21, 2014, 6:58 pm
970 WMAY News

Houston: No Plans to Alter TIF Terms for Dist. 186


A request from District 186 to be given a share of increased property tax revenues from an east-side TIF district is falling on deaf ears.

 

Mayor Mike Houston says he has no plans to alter the usual terms of a TIF, where growth in property tax revenue is reinvested back into infrastructure and other needs in the district.

 

Houston says without the TIF, property values in that area of South Dirksen Parkway would probably decline, so he says the school district is better off with the TIF than without it.

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