Why do some people oppose the TIF?

The reservations that some people have about the TIF is primarily due to a misunderstanding of how a TIF works. Once they understand that a TIF is a commonly-used and successful economic development tool and will not result in higher taxes or a greater burden for schools, their concerns are usually assuaged.  

Show All Answers

1. What is a Tax Increment Financing (TIF) District?
2. What will the new TIF be used for?
3. What are the key benefits of the TIF for Winfield?
4. Will my property taxes go up because of the TIF?
5. Who supports the TIF?
6. Why do some people oppose the TIF?
7. How can I be sure this financing tool will work out for Winfield?
8. How will the TIF benefit the two local school districts?
9. What is the role of Central DuPage Hospital (CDH) in the TIF?
10. What is happening to the first Winfield TIF?
11. What are the next steps for the approval of TIF #2?