Village of Sturtevant residents will get higher tax bills in 2018, but totals will still average more than 13 percent below 2016 levels. Paying off the tax incremental financing (TIF) district that is primarily comprised of the Renaissance Business Park is continuing to pay dividends for property owners; taxes in 2018 are still more than […]
Tag: Sturtevant TIF District
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Sturtevant Taxes Going Down 18%, Adding 2 New Officers
The 2017 Sturtevant budget includes a 18 percent property tax decrease, hiring two new police officers and wage increases for village employees. Most of the credit for the property tax reduction – from $8.92 per $1,000 in assessed value to $7.31 – goes to the closure of the village’s highly successful tax incremental financing district, […]
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Sturtevant Budget Focus of Board Meeting
Sturtevant trustees tonight will hear a formal presentation of the 2017 village budget as well as formally approve transferring land into Mount Pleasant. Village Administrator/Clerk Mary Cole will give a broad overview of the budget as a whole and point out areas of interest like projected tax revenues now that the village’s highly successful tax […]
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Sturtevant Celebrates TIF Closure with Big Check Presentations
Village of Sturtevant trustees and staffers Tuesday officially closed their highly successful development district with a party and a ceremonial check presentation in increasingly larger amounts. Primarily comprised of the Renaissance Business Park, TIF #3 was established in 1994 and closed this summer, nearly six years early. At the time, those 390 acres were valued […]
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Sturtevant OKs New Development District, DPW Borrowing
As expected, Sturtevant trustees Tuesday approved the boundaries for a new development district that officials hope will drastically change how the Highway 11 corridor looks in the next 10 to 15 years. Start-up costs to establish the district (TIF #4) and either install or improve necessary infrastructure like sewer and water system lines and connections; […]
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Sturtevant Talking New Development District
The Sturtevant Community Development Authority and Village Board Tuesday are expected to approve the boundaries for a new development district that officials hope will create a downtown-like destination for residents and visitors. If approved, the new tax incremental financing district (TIF #4) will open just a few weeks after No. 3 closed and is now […]
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Sturtevant Hosting Celebration for TID Closing, Lower Taxes
The Village of Sturtevant is throwing a party to celebrate the closing of the village’s highly successful tax incremental financing district that could mean lower tax rates for nearly every property owner in eastern Racine County. Scheduled for Sept. 27 at Fountain Banquet Hall, 8505 Durand Avenue, the celebration will include check presentations to representatives […]
Posted inGovernment
Additional Police Officers Expected in Sturtevant
Now that Sturtevant’s highly successful tax incremental financing district has closed, triggering both a one-time payment to the village and increased tax revenue, trustees will start talking soon about adding officers to the police department. Opened in 1994, the Sturtevant TIF district primarily encompasses the Renaissance Business Park, widely considered one of the most successful […]