Businesses around Illinois may see some additional financial relief if the state changes the rules in the way local communities use TIF funds. At this week’s city council meeting, Mayor Joe Judge said the change is not a done deal yet as the state is working on making other TIF funds available…
In addition, Judge said the city has been working with 8 local businesses who applied for the state’s C-D-B-G grant financing program. Of the 8, only one local business—Little Italy’s Pizza—qualified for the grant assistance of up to $25,000. A public hearing finalizing the grant was held yesterday afternoon at City Hall.