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The Daily Register - Harrisburg, IL
  • Joint Review Board makes Downtown TIF official

  • The Harrisburg Downtown Tax Increment Finance District Joint Review Board convened in a brief meeting 2:30 p.m. Friday and made the TIF official.
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  • The Harrisburg Downtown Tax Increment Finance District Joint Review Board convened in a brief meeting 2:30 p.m. Friday.
    The only Harrisburg council member who attended was Finance Commission Ron Fearheiley, in the position of mayor pro tem, filling in for Mayor Ron Crank.
    Fearheiley nominated David Clemmons at member at-large who then nominated Fearheiley as chairman of the Downtown TIF board. The two approved city clerk Sally Wofford as the recorder.
    TIF consultant Keith Moran of Moran Economic Development said all the taxing districts in the city had been notified of the meeting by certified letter, but none except the City of Harrisburg showed up at the meeting. Those districts are the Harrisburg-Raleigh Airport, Saline County, Southeastern Illinois College, Harrisburg Community Unit No. 3 schools, Harrisburg District Library, Harrisburg Township, Harrisburg Park District, Saline Valley Conservancy District.
    A TIF district last for 23 years. It caps property tax at the current level and offers tax incentives for existing businesses to improve or new businesses to build which increases property value. The city uses the increment between the starting property tax amount and the increased property tax amount for infrastructure improvements. The other taxing districts' tax amount remains capped at the current amount for the life of the TIF.
    Street lighting, sidewalks and parking lot paving are three priorities of council for the downtown.
    Moran said the TIF's budget is $19.2 million, that he indicated is likely higher than it would actually produce.
    The TIF Joint Review Board is charged with saying the TIF area qualifies as a TIF under the Illinois Tax Increment Finance District Act which the board did.
    Moran said the board would continue to meet after establishing the TIF to review what the city is doing with the money and what business it is attracting or retaining.
    Moran said there are 704 parcels in the TIF with 480 developed.
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