§ 2-156. Ad valorem taxes.  


Latest version.
  • There shall be paid into the fund each year by all taxing authorities within the project, excluding the school district, the incremental increase in ad valorem taxes levied each year by the above-referenced taxing authorities over the amount of ad valorem taxes levied by the referenced taxing authorities in the base year, as established in section 2-158.

(Ord. No. 96-05, § 3, 6-10-1996)