Cambria Village Board to vote on TIF resolution

Thursday afternoon, the Cambira Village Board will vote whether to create a residential TIF district within their small town.

Village officials say the measure is necessary to fund improvements to the town’s aging infrastructure.

The issue has caused some concerns for residents of neighboring towns, mainly because of the effect a TIF district would have on the the amount of funding the Carterville School District would receive from property taxes.

TIF districts freeze property tax levels owed by property owners and paid to local taxing bodies for 23 years. Any increase in property value collected in taxes is put into a TIF fund.

The village board will vote Thursday afternoon at 4:00.