Tax Increment Financing Districts

Tax increment financing (TIF) is a public financing tool, which is used to promote redevelopment, invest in public infrastructure, and fund other community-improvement projects. As part of the Village's Board’s long-term strategy to maintain and enhance the Village’s revenue base, the Village Board established two Tax Increment Financing Districts in the Village in January 2017.

How to Request Funding

Property owners, businesses and prospective tenants interested in applying for TIF funding are encouraged to review the Village's TIF Policies and Procedures (PDF) and complete an Application (PDF). Questions regarding TIF funding opportunities may be directed to the Administration Department.

Learn about the process to establish TIFs.