Palatine will return $3 million to various taxing bodies due to surpluses in two of the village’s Tax Increment Financing (TIF) districts. A $1.5 million surplus exists in both the Rand Road Corridor TIF Fund as well as Rand/Lake Cook TIF Fund. A TIF is an economic redevelopment tool used by communities to spur investment
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, Tax Increment Financing , Rand Road Corridor , Blake Cook ,
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