64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement Tom Tresser CivicLab co-founder The TIF Illumination Project Mike Prombo Assistant Superintendent of Business Services North Chicago Community Unit School District No. 187

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement  A tool used as a financing mechanism by municipalities for community redevelopment and improvement  Uses future gains in taxes to finance current improvements that will create those gains  TIFs started in California in 1952  Illinois passed the Illinois Tax Increment Allocation Redevelopment Act in 1977, becoming the 25 th state to adopt TIF legislation  In Illinois, a TIF district can exist for up to 23 years and can be extended for up to another 12 years  Today 49 states and the District of Columbia have TIF legislation, (Arizona does not have a state TIF law in place)  Since 1970, TIF activity has increased due to a reduction in federal funding for redevelopment related activities, state-imposed caps on municipal property tax collection, and limits on the amounts and types of city expenditures

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement As of January 2006, the Illinois Department of Commerce and Economic Opportunity reported that there were 998 TIF Districts in Illinois:  77 Illinois counties (out of 102) have a TIF district in them  998 total TIF districts  Kane County has 17 TIF districts Kane/Cook has 4 TIF districts Kane/DuPage has 5 TIF districts  389 Communities have TIF districts  D300 communities: Carpentersville (2) East Dundee (2 current and 1 proposed) Hampshire (1) Hoffman Estates (1) Huntley (1) Pingree Grove (1 proposed) West Dundee (2)

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement  Hoffman Estates EDA (Sears Economic Development Area* ending 2013)  Hampshire TIF (Downtown – State Street and SOO Railroad line)  Huntley Mall TIF  Carpentersville TIF 1 (Spring Hill Center); TIF 2 (Williams & Lake Marian Roads)  West Dundee TIF 1 (Union School) and TIF 2 (Routes 31 and 72)  East Dundee TIFs Downtown TIF (Proposed) Dundee Crossing TIF Prairie Lakes TIF  Pingree Grove TIF (Proposed for Bell and Harrison Property – approximately 100 acres) * The Sears EDA was created by the State of Illinois to retain or attract large companies willing to: 1) retain or create a minimum of 2,000 jobs; 2) make an investment of $100 million or more; and 3) develop 400 acres or more.

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement

64 th ILLINOIS ASBO CONFERENCE AND EXHIBITIONS APRIL 29 – MAY 1, #iasboAC15 TIFs and Civic Engagement