A bill that would require the City of Chicago to disclose all the financial details of murky Tax Increment Financing (TIF) deals is a step closer to becoming law.
The TIF Sunshine Ordinance, sponsored by Ald. Manny Flores (1st) and Ald. Scott Waguespack (32nd), passed a vote of the City Council Committee on Economic, Capital and Technology Development Tuesday.
The bill, which has garnered lots of positive press and the endorsements of the Sun-Times and Tribune, will be voted on by the entire City Council Wednesday.
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