Tax Increment Financing Districts


Contact Abigail Powell at 217.789.2377 x5469 for more information on this program.

Tax Increment Financing, or TIF, is a tool to use future gains in taxes to finance redevelopment and community improvement projects. The City of Springfield has designated nine areas of the city as Tax Increment Financing Districts. TIF funds support many improvements, including roadway access, demolition of old buildings, streetscape, site preparation, infrastructure, and building rehabilitation. To see a map with all of the TIF Districts, click here.

The following local areas have been designated by the City Council to be TIF Districts and have benefited in varying degrees, from roadway access, demolition of old buildings, streetscape, site preparation, public utilities, lighting, infrastructure rebates, and building rehabilitation. To see the map of each district, click on the district title:

  Tax Increment Finance (TIF)

 

TIF COMPLIANCE REPORTING

State law mandates that each municipality with a TIF district must file an annual report with the Illinois Comptroller. The City of Springfield’s reports can be found on the Comptroller’s website. To see these reports, click here.

To see a map with all of the TIF Districts, click here.