To the Editor:
With two new tax increment financing districts being proposed for the city of DeKalb, I wonder how officials decide a TIF has succeeded.
What are the measures used to see if withholding tax dollars from different taxing bodies (schools, parks, etc.) has “paid off?” Is there a way to separate sales tax generated by businesses in a TIF district vs. businesses in a non-TIF district? What other measures are established at the beginning of a TIF being formed?
I’m all for helping the south side to improve from its “wrong side of the tracks” mentality.
But I also would like to know how it’ll be judged to be successful. And, how are the older TIF districts judged? Have they been successful, and if so, who were the judges?