An Illinois appeals panel in Springfield, in overturning a lower court decision, has ruled taxpayers have the right to try to block a state commerce agency from administering a business development tax credit program the group of taxpayers has argued is actually an alleged illegal state tax improperly eating up public funds.

Supporters of a proposed tax increment financing district in the village of Rochester -- a first for the community of 3,700 -- say the district would help pay for a backlog of road and other infrastructure repairs, while also attracting new business.

Two Illinois Senate bills sitting on the governor's desk may affect how economic development is done on a local level. If passed, Illinois senate bills SB 2531 and SB 2600 would require economic development entities that receive public funds to make dues-free space on their executive boards for representatives of labor councils and minority groups.

The City of Springfield will get almost all of the money it requested from the federal government for the construction of underpasses at Ash and Laurel streets for a consolidated 10th Street rail line.

The state's 25 largest wind farms generate $30.4 million in annual property taxes and $13.86 million in extra income annually for landowners who lease their land to wind farm developers, according to a study released Thursday at Illinois State University.

Chicago plans to sell up to $3.5 billion of O'Hare International Airport debt later this year in three transactions to generate refunding savings and fund a new runway and gate expansion.

Thursday, September 1 - 2:00-3:30pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss tax increment financing and how it can be used to compliment the redevelopment and cleanup of your brownfield project.

CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2015 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.

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