How much private investment has been generated by TIF in Illinois?

 

A 1992 survey of TIF municipalities found that the average TIF project produced four dollars of private investment for every dollar of tax increment investment. Thus investment of the $225 million of property tax increment produced during the 1995 tax year would induce $900 million of private investment, for a total of $1.125 billion of investment in TIF areas during that year. The total TIF district investment was probably far higher because the issuance of bonds, secured by future TIF revenues, allows municipalities access to far greater amounts of money that, in turn leverages even greater amounts of private investment within these areas.

$4 in Private Investment

 

 

 

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