"Special Edition: Understanding TIF's-What They Are, How They Work, and What Residents Should Know."
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"Special Edition: Understanding TIF's-What They Are, How They Work, and What Residents Should Know."
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Special Edition – Understanding TIFs: How Tax Increment Financing Works in Sauk Village
In this Real Talk Special Edition, Trustee Michelle Sterling breaks down the truth about Tax Increment Financing (TIF) — what it is, how it works, and why transparency and accountability are key to ensuring residents benefit from redevelopment.
Learn the process behind creating a TIF district, how funds are used, what a TIF surplus means, and how surplus funds are distributed. Trustee Sterling also discusses the importance of fiscal responsibility and why residents deserve clear, honest information about local development funding.
🎧 Real Talk with Trustee Michelle Sterling — keeping residents informed, engaged, and empowered.
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