Central Region Seminar & Luncheon: Navigating Tax Increment Financing (TIF): From Creation to Compliance

Event Details

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Date Thursday, May 23, 2024
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Time 9:30am
Location The Decatur Club
158 W Prairie Ave.
DecaturIllinois 62523

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Delivery Method In Person
Field of Study Finance - Technical
NASBA CPE Earn 2.00 CPE Hours
Contact Illinois GFOA

Event Cost

Event Description

The Downstate Chapter Central Region invites you to join them for a half-day seminar on Navigating Tax Increment Financing (TIF): From Creation to Compliance. This seminar includes two sessions on Tax Increment Financing (TIF), featuring real-world examples from the City of Decatur. Learn about TIF creation, eligible project costs, compliance, and administrative processes. Gain insights into debt financing alternatives and reporting requirements. Whether you're new to TIFs or seeking to refine your understanding, this seminar equips you with the knowledge to navigate TIF financing effectively. Registration includes a networking lunch immediately following the second presentation.


Session 1Tax Increment Concepts to Consider for Planned Community Growth

This session will be a primer on tax increment financing (TIF) with real world examples provided by the City of Decatur. We will discuss what TIFs are, how they can be used as a mechanism to promote economic development, how a TIF district is created, the types of costs that are TIF eligible and the debt financing alternatives most commonly used to fund projects within a TIF.

Learning Objectives:  Participants completing this session will be able to:

  1. Understand how TIFs work and how they can be an effective economic development tool for planned community growth;
  2. Learn the legal framework behind TIF creation, eligible costs, and the appropriate use of TIF funds; and
  3. Understand the financing vehicles commonly used that leverage TIF funds and the key considerations in this financial market.

Speakers:  Jon Kindseth, Deputy City Manager, City of Decatur, James Snyder, Partner, Ice Miller LLP and Dalena Welkomer, Director, Baird Public Finance

Session 2 - TIF District Compliance Workshop

This session will discuss what types of project costs are TIF-eligible expenses and effective ways to document such TIF eligible costs to maintain compliance with the TIF Act and TIF Redevelopment Agreements. Attendees will also learn about State Comptroller Annual Reporting requirements and 10-year TIF status reports, including information included in each report, the process for filing with the State, the corresponding deadlines, extensions and information to be tracked annually within each TIF District. This session will also cover the Legislative process to extend the term of a TIF District and the process to terminate a TIF District, including how municipalities can administer funds remaining in the TIF Account.

Speakers:  Gwen Crawford, Vice President, The Economic Development Group, Ltd.Herb Klein, Attorney, President, Jacob & Klein, Ltd. and Paul Ostrosky, Economic Development Analyst, The Economic Development Group, Ltd.

Intended Audience: Finance Professionals
Delivery Method:
 Group Live
Program Level: Overview
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Finance - Technical
Last Review/Revision/Update: May 23, 2024
NASBA CPE Credits: Earn About 2.0 CPE credit

Presented by the Downstate chapter

Registration & Cancellation Policy


Registrations are accepted on a first-in, first registered basis. Payments by check should be mailed in advance or made at time of registration by credit card. 

Cancellation of an event registration is subject to the following policy:
• No refunds will be given for cancellations the day of the event and no shows.
• For IGFOA event registration cancellations five (5) business days or more prior to an event, refunds will be offset by a $20 cancellation fee. 
• For IGFOA event registration cancellations within five (5) business days of the training, refunds will be offset by a cancellation fee of 50% of the registration fee.
• A substitute attendee may be designated provided that the payment has been made and the IGFOA office has been notified in advance.
• A written request for a refund must be emailed to the IGFOA prior to the event.

By submitting this registration, the applicant agrees to the registration and cancellation policy above.

IGFOA reserves the right to modify the agenda and/or speakers, cancel the training due to low enrollment, or to close registration if full.   Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event.

If you have questions about the cancellation and refund policy, your membership, or a complaint, please contact IGFOA at 630-942-6587. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.

Approved by the National Registry of CPE Sponsors

CPE SponsorsCPE Registry Illinois Government Finance Officers Association (IGFOA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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