WINFIELD 34'S POSITION ON TIF 2

  • “Support economic development and redevelopment in Winfield School District #34 that has a positive impact on the district;”
  • “Support partnerships with units of local government as outlined in its policy;”
  • “Oppose application of TIF funding for municipal development that does not increase the EAV in a commensurate manner for each taxing body without voter approval of the citizens of Winfield School District 34 for such municipal development.”

Source - Resolution on TIF - Winfield School District 34 - August 2021

Map of TIF 2

Winfield TIF 2 contains only properties that were also originally within the Winfield TIF initiated in 2004. If TIF 2 moves forward, the TIF 2 properties will be frozen on the tax rolls from 2004 to 2044, a period of 40 years. Click on the map to learn more about Winfield 34's position on TIF 2 with this presentation from January 27, 2022,

WINFIELD 34 BOARD CONSIDERS VILLAGE OF WINFIELD'S PROPOSED TIF 2 DEVELOPMENT

On April 29, 2020, the Village of Winfield proposed splitting the current Winfield TIF into two portions, TIF 1 which would operate through 2027 and TIF 2 which would be a new TIF and operate potentially through 2043. Since this time, the Winfield School District 34 has sought to learn more about the proposed TIF and how it would impact the financial future of Winfield School District 34 and the taxpayers of Winfield 34. 

While the Winfield School District 34 has yet to take a formal position on the TIF, many important conversations have been had. Here are some of the resources the Board has used to learn more about the TIF 2 proposal: