Tax Fight With Clarendon Hills Appears Over

Core Points - The Hinsdale High School District 86 officials expressed satisfaction with the approval of a downsized tax district in Clarendon Hills, indicating significant progress from previous proposals [3][4]. - The Clarendon Hills Village Board unanimously approved the new tax district along 55th Street, making major concessions to local school districts that had opposed a larger tax increment financing (TIF) district [5][6]. - The expected TIF budget for the village has been reduced by half to $12.6 million, reflecting a substantial decrease from earlier estimates [7][8]. Summary by Sections Tax District Proposal - Clarendon Hills proposed a downsized tax district that received a positive reception from the Hinsdale High School District 86 board [2]. - The new proposal aims to spur development while addressing concerns from local school districts regarding the impact of a larger TIF [5][6]. Financial Implications - Under state law, the growth in property tax income from the TIF would be diverted for 23 years for use within the district, rather than being distributed to taxing bodies like schools [6]. - The village plans to retain tax income from vacant properties while redirecting funds from other properties to local taxing bodies [6]. Future Actions - The District 86 board is set to vote next month on an agreement with the village regarding the tax district, with other local government bodies expected to follow suit [8].