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David Orr: Chicago TIFs To Generate Record $561 Million, Reforms Needed

Chicago, IL-(ENEWSPF)- Cook County Clerk David Orr announced today that Chicago TIFs, Tax Increment Financing (TIF) revenue will jump 21.9 percent in the City of Chicago this year with suburban TIFs experiencing a 12.9 percent increase. As a whole, Cook County will see a TIF increase of 18.7 percent.

The Clerk’s full 2016 TIF Revenue Report shows Chicago TIFs will generate a record $561 million in tax revenue from its 145 TIFs in the 2016 tax year. This is . . .

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