3/27/2007 10:00:00 PM From today's Landmark
D96 to host TIF forum
The Finance Committee of Riverside Elementary School District 96 will be holding a special public meeting April 5 to discuss the potential impact of establishing a tax increment finance (TIF) district in Riverside's downtown area on the district's financial resources.
Superintendent Jonathan Lamberson said the meeting would take place from 7 to 9 p.m. in the auditorium of Hauser Junior High School. In addition to school board members, he said Village Manager Kathleen Rush would also be in attendance.
The meeting will address one of the main concerns opponents of the TIF district have had with the proposed plan for economic growth in Riverside's business district. Throughout the long debate on the subject, it has never been entirely clear how the district's revenues would be affected by a TIF district. Lamberson said the goal of the meeting was to better establish the possible outcomes.
"We're simply going to talk for two hours about the impact of a TIF on the school district, in the short term and the long term," he said. "I envision the meeting being very helpful to us in terms of understanding the nuances of the issue."
-Jessica Glowinski