SPRINGFIELD… Omnibus legislation co-sponsored by State Representative David Leitch (R-Peoria) was signed by Governor Rauner on August 12 to extend Lacon’s TIF District, which was first implemented in 1993.
According to Lacon Mayor Ron Schoof, the renewed TIF district will likely be utilized to fund projects including facelifts of commercial buildings downtown, continued development of Lacon’s Industrial Park, and to address sewage treatment issues related to flooding in the City.
All area taxing bodies covered by the TIF district supported and agreed to the extension of the TIF district. Rep. David Leitch secured passage of House Bill 4394, legislation to renew the TIF district, through the Illinois House this Spring. That effort was later combined as part of an omnibus package of TIF Extensions contained in Senate Bill 2562, which Leitch co-sponsored.
“Lacon has a strong history of responsibly managing their TIF toward the goals that TIF districts were created for in the first place- economic development and job growth and retention,” said Leitch.
Lacon Mayor Ron Schoof echoed that sentiment, explaining that the, “Lacon TIF District is critical to the economic development and continued renewal of the city of Lacon. This is all about retaining and attracting jobs and the TIF district is one of the most important tools in our toolbox to do so.”
Rep. Leitch can be reached at his Peoria Legislative Office at 309-690-7373.