Oak Park Township property tax levy twist

Board decides not to take the full amount of TIF funds available

Share on Facebook
Share on Twitter
Print

By Stacey Sheridan

Staff Reporter

On Dec. 9, the Oak Park Township board voted against levying the full amount of revenue it might have with the expiration of the Madison Street and Downtown Tax Increment Financing (TIF) districts this year. 

The township was expected to levy the full amount, but the board changed its tune to offer a bit of respite to burdened taxpayers, voting 3-2 to only take 38 percent of what was available.

"They took a portion," said Township Manager Gavin Morgan. "They could have taken another $219,000, but they decided to provide property taxpayers some relief."

The board voted to increase its levy over last year by 5.1 percent, a figure that includes the 1.9 percent cap set by the consumer price index, capturing the value of new growth outside of the TIF districts and capturing part of the value of property within the expiring TIF districts.

That final component, which represents about 2.7 percent of the 2019 levy, is equal to what the township received last year from the TIF distributions by the village.

Due to a 2011 legal settlement, the village was required to distribute funds from TIF districts among taxing bodies. 

The township's 5.1 percent levy hike amounts to an increase of $253,550 from last year and totals $5,222,170, according to Morgan.

"We are the smallest taxing body," he said. "Last year we were only 2.46 percent of the total tax bill."

The decision not to capture the entire amount of funds from the expiring TIFs could complicate the operation of the township's Youth Interventionist Program.

 "We are going to continue operating it at our current level," Morgan said. 

The township plans to assess other ways to keep the program going.

Last month, the village of Oak Park voted not to fund the partnership-based interventionist program due to the township's plans to capture the entire amount of available TIF revenue. The village board decided that the township could afford to pay for the program without village help, using TIF revenue.

"The township board sees value in it and we'll look for ways to keep providing that service to the community," Morgan said.

 

This has been updated to clarify a quote.

Love the Journal?

Become our partner in independent community journalism

Thanks for turning to Wednesday Journal and RiverForest.com. We love our thousands of digital-only readers. Now though we're asking you to partner up in paying for our reporters and photographers who report this news. It had to happen, right?

On the plus side, we're giving you a simple way, and a better reason, to join in. We're now a non-profit -- Growing Community Media -- so your donation is tax deductible. And signing up for a monthly donation, or making a one-time donation, is fast and easy.

No threats from us. The news will be here. No paywalls or article countdowns. We're counting on an exquisite mix of civic enlightenment and mild shaming. Sort of like public radio.

Claim your bragging rights. Become a digital member.

Donate Now

Reader Comments

No Comments - Add Your Comment

Note: This page requires you to login with Facebook to comment.

Comment Policy

Facebook Connect

Answer Book 2019

To view the full print edition of the Wednesday Journal 2019 Answer Book, please click here.

Quick Links

Sign-up to get the latest news updates for Oak Park and River Forest.


            
SubscribeClassified
MultimediaContact us
Submit Letter To The Editor
Place a Classified Ad

Classified Ad

Latest Comments