Jerseyville Estates Named Business of the Month

NOVEMBER
2012
2012
Board of Directors
OFFICERS
A Monthly Publication of the Jersey County Business Association
Jerseyville, Illinois
Mager's MONTHLY MESSAGE...
Well it is Friday before the election. In four, or maybe five, days
we should know who will be representing us for the next term.
Whew…………, while I actually like politics, I’m ready for a break.
Jim Mager
Chair
Bob Manns
Vice Chair
Heneghan & Associates
Danny Phipps
Treasurer
Scheffel & Company, P.C.
Aside from the election, another thing that is in the works is the
establishment of a Tax Increment Financing District (TIF) for the
immediate Jerseyville business district. Later in this newsletter, you
will read a detailed explanation of the TIF that was written by Bob
Manns.
Jessica Dean
Secretary
Whitworth Horn Goetten
Insurance Agency
Anne Sturgeon
Immediate Past Chairperson
1st MidAmerica Credit Union
DIRECTORS
Julie Brangenberg
LPL Financial
Eric Gowin
Contegra Construction Company
Pam Heitzig
Jersey County Board
Richard & Earlene
Miller
Ambassadors
Mayor Richard
Perdun
City of Jerseyville
Carolyn Roberts
AgriSolutions
Mayor Wayne
Schafer
Village of Brighton
Ed Settles
School District 100
Mayor Tom
Thompson
City of Grafton
Greg Weiner
Jersey Community Hospital
Shane DeSherlia
First Bank
Wendy Tonsor
Tonsor Custom Awards & Decals
STAFF
Alan Gilmore
CEO
Carrie Decker
Administrative Assistant
Jersey County
Business
Association
209 North State Street
Jerseyville, Illinois 62052
618-639-JCBA (5222)
[email protected]
[email protected]
www.jcba.us
I always believed there is a responsibility of citizenship to be informed and to make your voice
heard in decisions that are being made by others that impact you. And, most of the time it requires
a little effort to do so – but making that efforts is very important.
Part of the process of establishing a TIF district are, I think, two public meetings. I would guess
that there are a diverse range of thoughts, opinions, and questions about
• Networking Opportunities
what the TIF program is and how it works. Some think it is a tax increase.
• Business After Hours
Others believe it may affect the control of property. Actually, neither of
• Annual Meeting
the above assumptions are components of a TIF.
• Chamber Committees
• Chamber Golf Tournament
• Committee Involvement
• Dinner Auction
• Publicity and Exposure
• Referrals - website, phone
and walk-in
• Business Directory
• Monthly Newsletter
• Member to Member cards
• JCBA Gift Cards
• Ribbon Cutting Events
• Membership Identification
• Legislative Advocacy
• Communication on
Legislative Issues
• A vehicle for reviewing
important information
• Business Resources &
Information
• Third-Class Postage
Privilege
(Bulk Mailing Discount)
• City Maps, Phone Books,
Agency Directories
• Wide Range of Data and
Demographic
In the near future, you will be seeing notices of these public meetings.
Your attendance and comments are important. I believe that having an
effective TIF district will be a valuable economic development tool for our
community. Please make plans to attend.
Try and fail, but don’t fail to try.
- Stephen Kaggwa
Let us dare to be bold.
Jim
[email protected]
Thank
You
to our Five Star Members
for their generous financial support of the JCBA:
Jersey County, City of Jerseyville,
MJM Electric Cooperative Inc., CASSCOMM,
Jersey Community Hospital and Grafton Technologies, Inc.
The
Jersey
County
Business Report
By Guest Columnist JCBA Vice Chair Bob Manns
Some facts about Tax Increment Financing (TIF)
in Illinois and within Jersey County:
Whether for it or against it, Tax Increment
Financing, or “TIF” often brings about strong
feelings. The purpose of this article is to provide some
basic facts about this often misunderstood concept.
Municipalities are faced with numerous challenges,
one of which is encouraging economic growth and
development (or re-development) in targeted areas of
the community, such as regions that are decaying or
underperforming. In some cases, private investment
alone will spur improvements and growth in an area of
the community. In other cases, improving these areas
may take the form of public investment to reduce the
extra cost and risk that private development faces in
such areas. In both cases, the public wishes to see
this development occur, without increasing taxes,
without reducing current services and projects,
etc. One tool being used successfully to meet this
challenge in Illinois and many other states is TIF.
With this development tool, financially-strapped
municipalities can make the improvements they need,
such as improving downtown buildings and sidewalks,
and installing sidewalks, new roads or water/sewer
lines, as well as providing other private incentives to
attract new businesses or help existing businesses
stay and expand. TIF does not tap into general
municipal revenues, nor does TIF raise tax rates to
individuals and businesses. In addition, TIF does
not reduce the current tax proceeds that the various
taxing bodies receive via property taxes. Rather than
generating funds through additional taxes, TIF simply
re-directs where incremental property tax revenues
go. Currently, property taxes collected by the County
are then distributed to the county, municipalities,
townships, school district, community college, etc.
Once the TIF district is in place, the increased tax
revenues generated by increases in the assessed
value due to expansions, improvements, and new
developments within the district, are directed to the
TIF fund, and these funds are then used for qualified
redevelopment costs within the district.
Since the Federal and State governments have
greatly reduced their support for local economic
development, TIF becomes a tool that allows
local governments to assist with local economic
development needs. New development and businesses
mean more jobs, more customers, more homes, more
children attending the local schools, and, in turn,
more private investment for areas most in need. TIF
projects also help retain existing businesses that might
consider relocating away from declining areas. These
jobs and investments — public and private — mean
more revenue to help a community meet its other
needs. As a result, the City and County as a whole,
not just the area targeted for TIF, can realize new
and increased property tax revenues. In an era where
the Federal and State governments are increasingly
dictating what is taking place at the local level, the TIF
district allows local control of our own destiny, as all
decision-making is done by the local TIF Board.
TIF is a basic concept – it calls for local taxing
bodies to make a joint investment in the development
or re-development of a defined area, with the intent
that any short-term gains be re-invested and leveraged
so that all the taxing bodies will receive larger financial
gains in the future. The funds for this investment do
not come from current revenues, but from future tax
revenues, not otherwise expected to occur. Here is
how it works:
When a TIF district is created, the current
value of the property in the area is established as the
“base” amount. The property taxes paid on this base
amount continue to go to the various taxing bodies
as they always had, with the amount of this revenue
declining only if the base declines (something that
the TIF is expected to keep from happening) or the
tax rate goes down. It is the growth of the value of
the property over-and-above the base that generates
the tax “increment”. This “increment” is collected
into a special TIF fund, in order to make additional
investments in the TIF project area (i.e., building
improvements, utility upgrades, street repairs, etc.).
This reinvestment generates additional growth in
property value, which results in even more revenue
growth for reinvestment. This cycle continues for up
to 23 years, as allowed by Illinois law, giving all of
the taxing bodies a long-term benefit from the new
growth. In terms of real numbers, consider a region
of Jerseyville where the current (base) EAV generates
$10,000 a year of property taxes. In a future year after
some re-development has occurred in the district, the
EAV (equalized assessed value) has increased for
this region, raising the property taxes to $100,000.
The original $10,000 of property tax proceeds on
the base still goes proportionately to the other local
taxing bodies, but the $90,000 tax “increment” is
now available for eligible costs for projects within the
TIF district. At the termination of the TIF district,
the full $100,000 (or more by the time the TIF
expires) in property taxes goes to the taxing bodies,
in its usual proportions. Without the creation of
the TIF district and its associated incentives, many
argue that development would not occur in regions
such as Jersey County, leaving the region with the
current $10,000 in taxes, no improvements, no
hope for further development, and no increased tax
proceeds for the future. Grafton is a perfect example
… the huge increase in EAV that has occurred in
recent years has already provided increased property
taxes to various taxing bodies, including the School
District, due to the fact that regions directly adjacent
to (but outside) the Grafton TIF district boundary
have likewise experienced growth and increased EAV.
The EAV increase within the Grafton TIF district,
soon to be realized in 2017, will be an added bonus.
In addition, Grafton has proactively started sharing
some of the TIF proceeds, as evidenced by the recent
discretionary $50,000 contribution to CUSD 100.
It is a fact that the JCBA is called upon to
coordinate a number of potential business
opportunities every year within Jersey County.
These business are looking to start-up, expand, or
relocate, and they come knocking on our door initially
due to the positive quality-of-life issues that Jersey
County has to offer (able and educated workforce,
great schools with digital technology, low crime rate,
etc.). However, the end result is always the same –
when competing with other similar counties, Jersey
County has no economic development incentives to
offer in order to close the deal, so business goes
elsewhere. This is also true of our existing businesses
within Jerseyville –Downtown State Street needs
improvements, to attract new customers and retain
existing businesses from going elsewhere – our
hometown businesses also need our support and
some of these occasional incentives to survive. We
applaud our local governmental leaders for being
proactive in taking the initial step to formalize a
TIF development plan, in an effort of continued
support both for existing local employers as well as
potential new businesses. They should be commended
for trying to create favorable economic conditions to
make something happen, rather than assuming that
development will come to us. The average citizen and
local taxing bodies will all have ample opportunity
for comment as part of the required public meeting
process for the creation of the Jerseyville TIF. You
are all intelligent people, and we hope that you will
use that opportunity to become more educated about
what the TIF can offer, and to think about the future
of Jersey County.
RICHARD PERDUN
BUSINESS
OF THE MONTH
Jersey County Leadership In Action
The JCLIA participants met for their sixth class on October 11th.
They heard from Angie Cory of Grafton Technologies, Inc. on
Information Technology, Tom Klasner, Jersey County Highway
Engineer and Bob Manns of Heneghan & Associates on Infrastructure
and Mayor Perdun, Mayor Thompson and Pam Heitzig on Local
Government. The seventh and final class will be on Tourism and
Economic Development with the Graduation Ceremony to follow at
Super 8 on November 15th.
JCBA
Gift Certificates
Jerseyville Estates was nominated and selected by the Small Business/
AG committee as the November Business of the Month. They are
located at 1210 East Fairgrounds in Jerseyville and can be contacted
by calling 618-639-9700 or email [email protected]. Jerseyville
Estates opened the 50 apartment supportive living facility just one year
ago. They employ 23 people assisting seniors 65 and older based on
their individualized needs. This affordable assisted lifestyle community
offers residents exercise and fitness programs, weekly housekeeping
and laundry, medication management, on-site hair salon, 24 hour
emergency code alert system, apartment maintenance, 24/7 personal
care assistance, transportation, indoor mail service, community involved
activities, restaurant style meals and much more. They have financial
assistance programs available as well. Visit them on the web at www.
jerseyvilleestates.com. “It is an honor to be JCBA business of the month.
Our residents are like family and we are blessed.”
The JCBA gift certificate is a great gift idea for friends, family or
employees this holiday season or anytime of the year. They can be
redeemed at over 50 JCBA member businesses and are perfect for
that hard to buy for someone. We offer them in $5, $10, $20, $25
and $30 denominations. Call or email the JCBA office to place your
order.
v
Happy Thanksgiving...
The JCBA Board and Staff would like to wish
our members and their families an enjoyable
and safe Thanksgiving Holiday!
Willow Rose Rehab
& Healthcare
Willow Rose Rehab & Healthcare
recently
celebrated
the
construction of their outdoor
pavilion with a ribbon cutting
ceremony.
Mayor
Richard
Perdun, Jim Mager, JCBA Board
Chair and Members of the
JCBA Ambassador Club were in
attendance.
MEMBER
RENEWALS
Jim Mager - Individual
McKay NAPA Auto Parts
Riverside Flea Market
Willow Rose Rehab & Healthcare
Metal Roofing Solar Dealer
SINCE 1862
1251 North State Street
Jerseyville, IL 62052
618-498-6441
PHONE: (618) 639-2244
WEB: www.hwcrins.com
Jersey County
Business Association
209 North State Street
Jerseyville, Illinois 62052
BUSINESS
AFTER HOURS
Please join us for the November
Business After Hours hosted by the
Jerseyville Knights of Columbus
and Heneghan White Cutting Rice
Insurance located at the K of C.
This event will be from 4-7pm on
Thursday, November 8th. Hope to
see you there!
November in Jersey County
Nov. 3 Sat., JCH
Foundation Fall Fling,
5:30pm, Westlake
Country Club
Nov. 8 Thurs., Business
After Hours, 4-7pm,
Jerseyville Knights of
Columbus
Nov. 13 Tues., City
Council Meeting,
6:00pm, Jerseyville
City Hall
Nov. 13 Tues., Jersey
County Board Meeting,
7:00pm, County Admin.
Bldg.
Nov. 13 Tues., Grafton
City Council Meeting,
7:00pm, Grafton City
Hall
Nov. 13 Tues., Small
Business Networking
Luncheon, Noon,
Hickory Grove
Restaurant
Nov. 15 Thurs., JCLIA
Graduation, 5:00pm,
Jerseyville Super 8
Nov. 15 Thurs., Unit
100 Board Meeting,
7:00pm, Unit Office
Nov. 20 Tues., JCBA
Board Meeting, 8:30am,
JCBA Office
Nov. 22 Thurs.,
Thanksgiving Day –
JCBA Office Closed
Nov. 23 Fri., Friday
After Thanksgiving –
JCBA Office Closed
Nov. 27 Tues., City
Council Meeting,
6:00pm, Jerseyville
City Hall
Nov. 27 Tues., Grafton
City Council Meeting,
7:00pm, Grafton City
Hall
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