How may a TIF impact local schools?
October 25th, 2006
- A TIF will divert future tax revenue growth away from schools (as well as all taxing bodies except the village) to subsidize development in the TIF area, for up to 23 years. The high density development encouraged by a TIF places a strain on local schools in terms of higher student population which may in turn cause increase class sizes.
- You can read about a lawsuit involving Oak Park Elementary School District 97 and The Village of Oak Park in the following three PDF documents.
Lawsuit filed in May 1984
Lawsuit Amended -
Lawsuit Settled out of court - March 1985 - Read about how the TIF system in Chicago diverts millions of dollars in property taxes from education to development in this Chicago Reader Editorial from June 23, 2006.
- Read an email from Alan McCarter about his experience with the TIF in Oak Park from 1988 to 1999.
