Senate passes legislation to extend Normal TIF
The Illinois Senate has approved the town of Normal’s request to extend the Uptown TIF district for 12 additional years, according to State Sen. Jason Barickman (R-Bloomington).
“This a situation where the town and the affected taxing bodies have come to an agreement to extend the TIF, so we are making sure the General Assembly respects the decisions made by our local governments,” said Sen. Barickman. “It’s important that we enable our local governments to make the kinds of decisions that will help determine the future of their communities.”
The Town of Normal Uptown TIF District was created in 2003 and is set to expire in 2026. The town requested to extend the district through 2038 and worked with McLean County Unit School District #5, Heartland Community College, Normal Township, Bloomington and Normal Water Reclamation District, Central Illinois Regional Airport, and the McLean County Board to receive their approval and support for the plan.
House Bill 1910, which passed the Senate on May 23, grants the extension to Normal. The legislation is now headed to the House for approval in that chamber.