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IML TIF InformationIllinois Comptroller's Office

The Village of Downs has three TIF Districts.  A TIF District generally has a life span of 23 years, but TIF districts 1 & 2 have been extended by the Illinois General Assembly from 23 to 32 years.  TIF 1 & 2 will expire in 2032.  

Each TIF district must have a redevelopment plan when adopted.  TIF 1 was amended in December of 2015.  Click on the links below to review the redevelopment plans for each TIF.

Annually the Joint Review Board (JRB) for each Tax Increment Financing District (TIF) must meet to discuss the annual report filed with the State of Illinois. The JRB is composed of certain taxing districts affected by the TIF and members of the public.

The Village must file the annual report with the Illinois State Comptroller's Office (along with other financial reports).  These reports are available on their website (Button above).

The website allows for running reports to see expenditures and other breakdown of outlay over the life of the TIF.

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