Huntley Village Board to decide on special taxing district
HUNTLEY – The Village Board meets tonight to decide on a special taxing district that officials hope will revitalize and further develop Huntley’s downtown.
Village officials for nearly a year have been planning, mapping and studying the creation of a second tax increment financing district covering downtown from Main Street to Algonquin Road.
Known as a TIF, the district could generate $40 million in property-tax revenue over 23 years for building renovations, development and landscaping in the downtown that has been Huntley’s center since 1851.
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