In order to accomplish several goals in the Village’s 2016 Comprehensive Plan to connect the Town Center/Main Street area to the Roselle Metra station, the Village Board is pursuing a TIF district. Final approval will be considered in January 2020.
A TIF district is a development tool used by municipalities to address economic underperformance in a specifically identified area. A baseline property tax value is determined when a TIF is created, and that value remains the same, for taxing purposes, throughout the 23-year life of the TIF. Any increase in property tax values during the life of the TIF is reinvested back into the district to fund development and redevelopment projects.