Suffredin- Changing County Government  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Last year more people used the County's forest preserves than visited Yellowstone National Park.
   
     
     
     



Niles taxing bodies, including schools, set to share $3.4 million surplus of TIF district funds

Tuesday, December 03, 2019
Pioneer Press
by Jennifer Johnson

Niles Village Hall, 1000 Civic Center Drive. 

 

 

Several local taxing bodies, including schools and the Niles Park District, are set to share more than $3 million now that a special district created to finance development in the village is coming to an end.

It was announced during the Nov. 19 Niles Village Board meeting that a surplus of $3.4 million will be distributed to several taxing bodies that are located within the Milwaukee-Touhy Tax Increment Financing District.

The amount represents 25% of the total cost of construction of public buildings within the TIF District, and its distribution is required under a village ordinance established in 2012, according to a village memo.

A total of $13.6 million was spent on public buildings within the Milwaukee-Touhy TIF district, the memo said.

Niles Director of Finance Jeff Martynowicz said the Cook County Treasurer’s Office will determine how much of the $3.4 million each of the taxing bodies receives.

“It’s going to be based on the taxing districts’ last property-tax rate,” he said. “Once those calculations are made by the treasurer’s office, checks will then be disbursed.”

Taxing bodies set to receive funding include Niles School District 71, Niles Township High School District 219, the Niles Park District, the Niles-Maine Library, Niles township, the village of Niles and the Cook County Forest Preserve, among others.

The Milwaukee-Touhy TIF was created in 1996, according to the village. It is scheduled to conclude at the end of December, said Niles Village Manager Steve Vinezeano.

The TIF led to the development of a new Niles Public Works service center on Touhy Avenue, Vinezeano said. Another major development that occurred within the TIF district was the Renaissance condominium complex on the grounds of the former Niles College seminary.

TIF Districts, which can exist for a maximum of 23 years, are created by municipalities to help fund new development within a particular geographic region. When a TIF is created, the property tax rate for the area — and for all taxing bodies within it — is frozen and, as property values increase, new taxes that are collected above the frozen rate can be used to help to fund redevelopment in the district.

The village of Niles has five other TIF districts in addition to the Milwaukee-Touhy TIF, Vinezeano said.


Recent Headlines

Cook County Health Needs A New CEO. Could Politics Get In The Way?
Wednesday, January 22, 2020
WBEZ News

Search for new Cook County Health CEO expected to take about 6 months
Wednesday, January 22, 2020
Chicago Sun-Times

Deadline for Senior Citizen Property Tax Deferral
Tuesday, January 21, 2020
Special to suffredin.org

Kaegi: 'The embrace of a failed status quo makes no sense'
Tuesday, January 21, 2020
Crain's Chicago Business

City Club of Chicago: Cook County Assessor Fritz Kaegi
Tuesday, January 21, 2020
WGN Radio

Cook County Assessor Staying Below The Radar
Tuesday, January 21, 2020
WBBM Radio

Census hiring event Wednesday in Schaumburg
Monday, January 20, 2020
Daily Herald

Proposed health oversight shift not a ‘power grab,’ Cook County officials say
Thursday, January 16, 2020
Crain's Chicago Business

Cook County Cashes In On Legal Weed
Thursday, January 16, 2020
WBEZ News

Cook County OKs 3% marijuana tax
Thursday, January 16, 2020
Crain's Chicago Business

Preckwinkle looks to claw back some oversight of Cook County Health
Thursday, January 16, 2020
Crain's Chicago Business

Pace Announces Public Hearings on Proposed North Shore Service Changes
Thursday, January 16, 2020
Special to suffredin.org

Pot taxes in Chicago could be as high as 41% by July as county moves forward with 3% levy
Wednesday, January 15, 2020
Chicago Sun-Times

Cook County Board President Toni Preckwinkle Wants Sweeping New Authority Over Cook County Health
Wednesday, January 15, 2020
WBEZ News

Preckwinkle urges businesses to help fight 'cost of segregation'
Wednesday, January 15, 2020
Daily Herald

County Finance Committee set to approve $165K settlement in ‘political discrimination’ case
Tuesday, January 14, 2020
Chicago Sun-Times

More Weed Taxes? New Hospital? What To Watch For At Cook County Board
Tuesday, January 14, 2020
WBEZ News

Seniors now able to apply for multi-year homeowners property tax break this year
Tuesday, January 14, 2020
Chicago Sun-Times

Cook County Owes $79 Million In Unclaimed Property Tax Refunds; Do You Have Money Coming?
Monday, January 13, 2020
CBS Chicago

Lincolnwood OKs sick days for workers but rejects minimum wage
Sunday, January 12, 2020
Chicago Tribune

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP