How would a TIF impact the schools? I believe this has been and remains to be the main unanswered question in this debate.
At the first Workshop IV on Saturday February 24, I heard Phil McKenna say that numbers documenting the financial impact on the school districts have been provided to the school boards. The representative of School District 96 who was present said that the school board needed some time to absorb those numbers before commenting on them publicly.
The 28 February Landmark article on page 9, titled "Riverside workshops over, but questions still abound" states the following approx. half-way through the text: "...(residents) wanted more information from the Village on how a TIF district would affect other taxing districts, especially schools. According to Philip McKenna, the village's financial consultant on the TIF district, those numbers were not available, because neither of the school districts in the village had yet responded to his firm's efforts to calculate estimates of how a TIF might affect their revenue base."
Which one is accurate? Does anybody know what the actual status of the McKenna estimates that look at TIF impact on schools is?
If I am not correctly representing what was stated on Saturday 24, please let me know what was said. If the Landmark isn't correct, we should insist on them publishing a correction.
Thanks to anyone who can help to clarify.