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TIF District #2
The City of Monticello offers several forms of business assistance and incentives through the use of Tax Increment Financing (TIF) revenue.  TIF is applicable to a specific geographic region, and a property must be within the borders of the TIF district to be eligible for funding assistance.  Also, the expenditure of TIF revenues is limited to specific types of project costs, as defined by the Illinois State Statute and TIF Law.