Tax Increment Finance Joint Review Board (JRB)

The JRB is an advisory board of the Village. Generally, the board reviews the public record; planning documents; proposed ordinances; redevelopment plans; and amendments, to those items, before the Village can adopt or amend tax increment finance (TIF) districts. The JRB’s recommendations are advisory to, and non-binding on, the Board of Trustees. The JRB is required to meet annually 180 days after the close of the Village’s fiscal year or as soon as the applicable audits become available. The statutory reference for this board is 65 ILCS 5/11-74.4, as amended. The JRB is composed annually of representatives from the applicable taxing entities (community college district, unit school district, library district, township, the County, and the Village) within the boundaries of a Village TIF district. The JRB also includes 1 Village resident.