Tax Increment Reinvestment Zone

It was anticipated for some time that Elgin would experience exponential growth, and now that growth is here. The City can either allow it to happen in a fragmented, disorganized manner or plan and administer who shapes and molds our growth in a way that the citizens of the city and county will reap the greatest benefits.

A TIRZ is the proposed vehicle to capture new growth and development of the tax base within the TIRZ boundaries and dedicate a portion of those new revenues for needed infrastructure and public projects.