Yvonne Dinwiddie, a Batavia resident, said TIF districts create a “siphon” of tax money from taxing bodies “instead of promoting positive development through direct corporate investment …”Ĭannon, along with several others, urged the Joint Review Board to vote against the proposal and send it back to the city to negotiate a deal where half of the increment goes to the taxing bodies, and half goes to pay the bonds.
“This property could and would develop without this TIF,” said David Cannon, an Aurora resident.
