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TIF causes Morris Fire District to establish impact fees

(2 posts)
  • Started 5 years ago by ChrisHajer
  • Latest reply from Lonnie

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  1. ChrisHajer
    Member

    from http://www.suburbanchicagonews.com/heraldnews/news/248320,4_1_JO08_MORRIS_S1.article

    New companies moving into Grundy County look for incentives, Coleman said, whether it be tax abatements or TIF districts. These tax breaks take money from the fire district, he said, so other methods had to be taken to run the fire department and ambulance services. The fire department's tax rate is maxed and cannot be increased without a referendum.

    The article talks of impact fees of $750 per new residential unit, and retail developers will pay a minimum of $2,500 or 12 cents per square foot, whichever is greater.

    Posted Thursday Feb 8, 2007 22:31 #
  2. Lonnie
    Member

    So right. This is what Riverside needs, but our trustees are so afraid that developers won't come if we have impact fees that they want us to subsidize them with our tax dollars.

    Posted Saturday Feb 10, 2007 11:22 #

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