It’s a win-win situation - no money is taken from the taxpayers.” “It doesn’t come from our real estate taxes, our food and beverage taxes … it only comes from the value (the developer) created by building this new development. The money “does not come … from taxes the homeowners pay in, our tax bill that pays all of our bills,” said Mayor Richard Irvin, in a video he did recently about TIF districts online. TIF District 2 expired several years ago, and this past tax year, netted about $3.5 million for the Batavia School District alone. By 2015, when it was closed, it was generating about $9.6 million in property taxes, according to the city. When the TIF district was formed, the land there generated about $25,000 worth of tax dollars for all the taxing districts.

The situation was similar when the city created TIF District Two in the northeast section of the city and included the Chicago Premium Outlets mall as well as the Aurora Corporate Center, which runs along Bilter Road from the mall area west to Mitchell Road. Most of the public cost involved will be infrastructure costs borne by the city, such as road improvements. The Aurora Township representative was absent.Ĭity officials have pointed out that there is no residential development in the casino project, so no children for the school district to educate, or people to program for recreationally for the park district. The board voted 6-1, with the Kane County representative voting against it, to support the TIF district. There also is a member of the board appointed by the city from the general public.

The review board is made up of all the taxing districts in the proposed TIF area, which in this case included the city of Aurora, the Batavia School District, the Fox Valley Park District, the Aurora Library District, the Waubonsee Community College district, Kane County and Aurora Township.

Connecticut casino public hearing