Village of Goreville
Tax Increment Financing (TIF)
Village of Goreville Tax Increment Financing (TIF)
To promote economic development, the Village of Goreville has created a Tax Increment Financing (TIF) district. Developers who plan to construct or renovate in a TIF district are able to receive some reimbursement for the development from dollars that would be paid to property taxing districts because of the increase valuation of the property with the improvements.
For TIF purposes, the value of property is documented prior to the time that improvements are made. After improvements, the increased value of the property due to the improvements is the "increment" part of TIF. Developers of property in TIF districts must pay in the increase in property taxes resulting from the improvement, but the amount of taxes resulting from the improvements (the increment) is held in escrow in a special account by the Village until activities commence that are reimbursable and when dollars in the increment are sufficient to allow for reimbursement.
The developer's share of the increment is determined when the developer and the Village enter into a redevelopment agreement before the project is started.
After property tax increases due to the improvements are paid by the developer, they may apply annually for reimbursement by presenting paid tax bills and receipts for possible reimbursable expenses to the Village Clerk. These are then certified by TIF consultants and approved for payment by the Village board.
The following types of activities may be reimbursed using TIF revenues:
To find out more or to receive a TIF information packet, contact the TIF administrator, Aggie Paul at the Village Hall at 618-995-2157
Water & Sewer
Goreville receives its water supply from the Lake of Egypt Water District. Lake of Eqypt is a 2300 acre lake owned by Southern Illinois Power Cooperative and is located just minutes from Goreville.
Sam Mighell is the Supervisor for the Goreville Water Department.
Mike Green is the Supervisor for the Goreville Sewer Department.
To Contact Goreville Water and Sewer Depatments call the City Hall at (618) 995-2157
Eddie Holland is the Chief of Police for the Goreville Police Department.
Tim Gage is Fire Chief for the Goreville Volunteer
Interstate Attraction Signs
In order to help businesses within the Village limits of Goreville, Illinois the Village is offering an incentive to local businesses. If they place attractions signs up along the interstate highways. The town will reimburse the business up to $100.00
An interstate attractions signs are those blue signs that are along the interstate close to a town's exit. The signs are through the Illinois Department of Tourism with the approval of IDOT.
In order to receive the reimbursement the business will need to show proof that they have paid the State for the attractions signs.
more information please context Jason Beckmann at the Goreville City Hall 618-995-2157