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Peoria TIF talk: Here’s how they work, and what they do (and don’t)
A tax increment is the difference between the amount of property tax revenue prior to establishment of the TIF and the amount generated after the designation. Peoria City Manager Patrick Urich explains that a TIF does not reduce the amount of money collected for other taxing bodies.
See omnystudio.com/listener for privacy information.
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By WCBU
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A tax increment is the difference between the amount of property tax revenue prior to establishment of the TIF and the amount generated after the designation. Peoria City Manager Patrick Urich explains that a TIF does not reduce the amount of money collected for other taxing bodies.
See omnystudio.com/listener for privacy information.
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