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• MYTH 2 - SCHOOL DISTRICTS WILL BE DEPRIVED OF REVENUES DURING THE LIFE OF THE TIF DISTRICT.First, a school district, as well as the county, the municipality, and all other taxing bodies continue to receive the full amount of the taxes that they have levied on the “Base EAV” during the life of a district. Secondly, TIF districts can create money for schools. In Illinois, school districts continue to receive all the tax revenue they were entitled to before creation of a TIF district. Although schools usually lose General State Aid when assessed valuations increase, the incremental growth in property values within a TIF district is excluded from the property tax base when the State of Illinois calculates the amount of aid it awards to a school district. Therefore, the “poorer” a school district is, the more it stands to gain from having a TIF District.