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City of Chicago Had $1.4 Billion in Property Taxes in TIF Accounts on January1, 2017; Chicago is Not Broke

CivicLab TIF Project
CivicLab Logo: Designed by Virginia Duran and Benj. N. Sugar

CHICAGO–(ENEWSPF)–September 8, 2017. A review of the 2016 annual reports of the City’s 148 Tax Increment Financing Districts by volunteers with the TIF Illumination Project revealed some startling facts about local government finance.

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At a time when 956 Chicago Public School educators and staff are being laid off and the mayor has pushed billions of dollars of new taxes and fees on the people of…

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