
The city is about to spend $12 Million on a new city hall, using TIF money.
TIF funds consist largely of taxes diverted from schools. Eveyone's taxes must go up to cover the difference. What's more, TIF money is not supposed to be used to build new municipal buildings on prime real estate. It is intended to revitalize blighted areas. The theory being that the redeveloped property will produce more property taxes than were lost by the schools in the first instance. The municipal building will generate no property taxes and no sales taxes.
City officials know full well that they are misusing TIF. They also know that there is no penalty for doing so, except at the ballot box.
For a good summary of how TIF works, and its potential abuses, see the
Citizen Advocacy Center website