City of Chicago had $1.44 Billion in Property Taxes in TIF Accounts on Jan. 1, 2015

CHICAGO--(ENEWSPF)--August 23, 2015. A review of the 2014 annual reports of the City’s 150 Tax Increment Financing Districts by volunteers with the TIF Illumination Project revealed some startling facts about local government finance:

The total fund balance at the end of 2014, that is, all property tax dollars sitting in TIF accounts was $1,442,450,590 (a decrease from the $1.71 billion left in TIF accounts from . . .

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