AJ TaylorDecember 15, 2020Last Updated: December 14, 2020
During the COVID-19 pandemic, many Winnebago County residents, including those who are unemployed by the effects of the virus, are looking for a way to save what money they can, particularly during the holiday season. The Winnebago County Board of Supervisors reviewed the current state of Tax Increment Financing or TIF to see if there was a possibility for tax relief.
Winnebago County Auditor Karla Weiss first suggested the idea during a recent meeting of the board. TIF was put into place to tax wind turbine companies to help pay for and maintain roads in the county. The money generated from the tax would go to pay for loans taken out by the county for road maintenance and repair.