Who monitors the TIF process?

Local governments monitor the progress of the TIF district. By law, all the school districts and major taxing bodies meet with the TIF municipality annually to review the progress of each TIF. 

Under Illinois law, municipalities have an obligation to cooperate with other taxing bodies in monitoring TIFs. By law, the Joint Review Board must meet annually to review the effectiveness and status of the TIF district.

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1. What is Tax Increment Financing?
2. What is a "Tax Increment"?
3. How do TIFs improve communities?
4. Are TIFs widely used?
5. What communities in Illinois us TIF?
6. How long has TIF been around?
7. Why is there a need for Tax Increment Financing?
8. Does TIF divert money from schools?
9. What kinds of TIFs are there?
10. How is a TIF created?
11. What kind of planning goes into the development of a TIF project area?
12. What conditions must exist for an area to be designated for TIF?
13. What are the opportunities for public input?
14. Who controls TIF funds?
15. Can TIFs be changed?
16. Who monitors the TIF process?
17. When does a TIF terminate?