PEORIA- A certified mailing announcing a public hearing is costing Peoria around $14,000.
The City of Peoria sent out a letter to residents in the South Village, explaining that it was in the process of becoming a Tax Increment Financing district. The certified letter is part of the legal process to notify people about a public hearing Monday, where the city will explain what it means to be a TIF district.
But at almost four dollars a letter, sent to almost 4,000 homes, it's a costly piece of mail.
Leslie McKnight is the city's senior development specialist and said, "the positive thing about that is that this is a TIF eligible activity to do this type of mailing. So we're anticipating that the future revenue of the TIF will pay the city back for this mailing."
The meeting that district residents can go to to learn more is on Monday at 6:00 p.m. in Peoria City Hall.
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