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Frequently Asked Questions (FAQs)
TABLE OF CONTENTS
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| 1. | What is Tax Increment Financing?
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| 5. | What communities in Illinois use TIF?
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| 7. | Why is there a need for Tax Increment Financing?
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| 8. | Does TIF divert money from schools?
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| 9. | How does Tax Increment Financing work?
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| 12. | What kind of planning goes into the development of a TIF project area?
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| 13. | What major redevelopment costs are eligible for TIF funding?
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| 15. | What conditions must exist for an area to be designated for TIF?
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| 16. | What are the opportunities for public input?
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| 20. | How much incremental tax revenue has been generated by Tax Increment Financing in Illinois?
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| 21. | How much private investment has been generated by TIF in Illinois?
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