When Sturtevant’s tax incremental financing district closes later this year, the village will receive a one-time, lump-sum payment of approximately $1.3 million, and trustees have to decide how best to use the money.
At the continual committee meeting Tuesday, board members, staffers and residents started putting together a wish list of how the funds could be used with a “sky’s the limit” kind of premise.
Property owners will benefit big time from the district closing; taxes are forecast to decrease by as much as 25 percent in 2017.
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