Tax Increment Reinvestment Zone

It has been anticipated for some time that Elgin is about to experience growth

The City can either allow it to happen in a fragmented, disorganized manner, or alternatively plan and administer who shapes and molds our growth in a way that the citizens of the city and county will reap the greatest benefits.

TIRZ Future Dev
A TIRZ is the proposed vehicle to capture new growth and development of the tax base within the TIRZ boundaries, and dedicate a portion of those new revenues for needed infrastructure, and public projects. For details click here