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Portage City Council approves residential TIFs; funds going for police raises

The new residential TIF districts will generate $622,000 annually to fund police raises and public safety, supported by developers’ payments starting February 2026.

Summary by Chicago Tribune
The Portage City Council added its stamp of approval Tuesday to five new residential TIF districts, the first in the city’s history. The votes to affirm actions already taken by the Plan Commission and Redevelopment Commission mean the only remaining action is for the RDC to hold a public hearing and give final approval to the TIFs on Nov. 6. Tax increment financing districts have been used for years to give developers an additional incentive to…

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Chicago Tribune broke the news in Chicago, United States on Wednesday, October 15, 2025.
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