TIFs Suffering in Villages

An interesting Daily Reporter article regarding Tax Incremental Financing Districts in the smaller communities that are suffering losses in value. It seems that in this economic times, many TIDs are seeing losses in their value.

Make no mistake, though-they may be seeing a loss this year, but they've likely had gains in past few years and will again in the future. But it does extend the length of time it would take some TIDs to be paid off-and when the extra year could be added with the TID money being used for affordable housing under the new law.