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Tinley Taxpayers Unite > Village of Tinley Park > TIF Zones
Why divert tax dollars away from local government for property developers?
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Why divert tax dollars away from local government for property developers?
08/02/2016 5:56 pm

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As increases in property taxes are diverted to TIF district funds and property tax revenue to local government is flat for 23 years - what happens when costs in local government increase? Would property taxes increase even more? Would local government accrue debt? Also keep in mind that after the 23 year TIF term is up, it can be EXTENDED for 12 more years! Keep an eye on TIF financial reports (IL Comptroller link provided above).

Taxpayer funds should NOT be diverted from local government (Village and Schools) and provided as incentives for businesses and developers. The Panduit/Legacy district is primarily focused on the PRIVATE property owned by Panduit. Taxpayer funds should not be utilized to improve or incentivize the development or improvement of private property. Upon review of the Panduit/Legacy TIF, we also wonder why Tinley Park High School is included in the TIF. When Bremen CHSD 228 is currently listed as #14 in deficit spending [Lincoln-Way CHSD210 is #11], what affect does the Panduit/Legacy TIF have on Bremen CHSD 228/Tinley Park High School?

The "Pro TIF" Illinois Tax Increment Association states "Tax Increment Financing is simple in concept. TIF calls for local taxing bodies to make a joint investment in the development or redevelopment of an area , with the intent that any short term gains be reinvested and leveraged so that all the taxing bodies will receive larger financial gains in the future."

?With the extremely high property taxes that Tinley Taxpayers are burdened with, is this a time to be creating or funding TIFs? Tinley Taxpayers need tax relief NOW, not in the future. The heavy use of TIF districts in Tinley Park may be having an adverse effect on the community and causing unnecessary property tax increases over the 23 year term of various TIF districts.
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