Cass Herrington / Peoria Public Radio
The Peoria City Council delayed Tuesday night’s vote for the proposed tax abatement program in Peoria’s North Valley over concerns related to the required removal of dozens of properties from an overlapping TIF district.
The council approved the deferral requested by 1st District council member Denise Moore, who said the city should use the additional time to provide information to owners of properties considered for TIF removal. Removal from the East Village TIF District would exclude those properties from utilizing TIF funds for rehabilitating existing buildings.
“They’re going to lose a benefit,” said Moore. “A benefit that some, I contend, may not even still realize that they have.”