Belvidere could return $27K to taxing bodies - Rockford, IL - Rockford Register Star

 

The city is projected to return $27,000 worth of tax increment financing district money to the taxing bodies.

The issue was three-fold: leaders started discussing how to allocate the money too late, aldermen got caught up in political games and Mother Nature made it difficult for developers to work

means bills for projects that the city already agreed to fund could trickle in over the coming months. If there is money still unspent, it would be dispersed among the taxing districts, Drella said.

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