DeKalb School District 428′s finance committee to resume TIF conversation
DeKALB – DeKalb School District 428’s Finance Facilities Advisory Committee will hear a tax increment financing update during Wednesday’s meeting.
D-428 Superintendent Jamie Craven said the agenda item will allow the finance committee to put forward any questions they may have after the DeKalb City Council voted to move forward with a planned forensic audit of the city’s past use of TIF surplus dollars.
“There’s a lot of questions right now regarding implementation to
TIF 3, and the city hasn’t really talked much about that, at least publicly,” Craven said.
In November, the city council tabled plans for a third tax increment financing district because of disgruntled taxing bodies and calls from DeKalb County State’s Attorney Rick Amato for the audit. D-428 officials, including attorney Gino Galluzzo, have in recent months voiced concerns about the city’s handling of TIF money, which led to a domino effect of other taxing bodies pulling their support from a planned TIF 3 and a correlating intergovernmental agreement.
The city’s Joint Review Board will meet Friday to discuss a timeline for the audit.
In the meantime, the D-428 finance committee also will hear updates on the Ombudsman program, preliminary results from a long-term financial projection plan and a winter break construction project update.
The meeting will begin at 6 p.m. in the board room of the Education Center, 901 S. Fourth St.