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Chicago Tifs

Chicago Neighborhoods Fight For $1.7 Billion In Unused TIF Cash

Equal Voice News | Keith Griffith | Posted 01.25.2014 | Chicago

CHICAGO — On Nov. 13, outside of the Chicago City Council chambers, Amisha Patel was busy tying up loose ends. Patel, 38, is the executive direct...

Matt Sledge

Chicago To Give Aggressive Hospital Debt Collector Millions | Matt Sledge | Posted 05.10.2012 | Chicago

Under an agreement approved by the City Council last year, Chicago is set to hand over $6 million in tax increment financing to Accretive Health, the ...

Rahm's Infrastructure Plan Criticized Ahead Of City Council Vote

Posted 04.16.2012 | Chicago

A number of Chicago aldermen and community activists alike are ramping up criticism of Mayor Rahm Emanuel's $7 billion "new Chicago" infrastructure pl...

Mic Check! Chicago's 99% Follows the Money -- and the Merc -- to Houston

Elizabeth Parisian | Posted 05.29.2012 | Chicago
Elizabeth Parisian

Craig Donohue of CME didn't seem to mind the public spotlight when drumming up support for millions in tax breaks. But he was somewhat less enthusiastic when Chicago's 99% shone a not-so-flattering spotlight on CME from 1,000 miles away.

CME Group, Other Firms Reject $34 Million In City Subsidies

Posted 01.31.2012 | Chicago

On the same day Mayor Rahm Emanuel announced reforms he says will improve the accountability and transparency of the city's controversial tax incremen...

Jen Sabella

CME Group's 'Golden Toilet'? Budget Cuts Renew Anger About Chicago TIFs | Jen Sabella | Posted 01.25.2012 | Chicago

CHICAGO -- On Tuesday morning, a group of about 50 protesters gathered at the Board of Trade -- home of the CME Group -- to deliver a "golden toilet" ...

Rahm Feels The Love: Budget Approved Unanimously

Posted 11.16.2011 | Chicago

Chicago Mayor Rahm Emanuel scored a major victory Wednesday afternoon as his first city budget was passed unanimously by the City Council. All 50 ...

Emanuel's Budget Likely To Pass With Flying Colors

The Huffington Post | Jen Sabella | Posted 11.15.2011 | Chicago

As Chicago Mayor Rahm Emanuel said himself, the city's current fiscal situation forced him to make some "tough choices" when drafting the 2012 budget....

City Council Agenda: Marijuana, Plastic Bags, Homeless Rides & More

The Huffington Post | Jen Sabella | Posted 01.02.2012 | Chicago

It was a busy City Council meeting for Chicago aldermen and Mayor Rahm Emanuel Wednesday. The agenda included everything from talk of a plastic bag ba...

Rahm Faces Tough Questions, Hecklers At Second Town Hall

Posted 11.01.2011 | Chicago

While Chicago Mayor Rahm Emanuel's second town hall meeting this week was reportedly less heated than a Monday meeting where Emanuel was briefly booed...

Tips for Chicago's TIF Panel

David Orr | Posted 08.23.2011 | Chicago
David Orr

Members of Mayor Emanuel's newly appointed TIF panel will soon roll up their sleeves to start rebuilding city policy on TIFs. This is a welcome development.

Meet The Team That's Tackling Chicago's $500 Million Shadow Budget

Chicago Tribune | Posted 07.19.2011 | Chicago

Fulfilling a campaign promise, Mayor Rahm Emanuel today impaneled a committee to study the effectiveness of the special property tax districts that pr...

Emanuel Will Tackle TIFs With New Aldermen

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Mayor-elect Rahm Emanuel and some newly-elected aldermen say they are prepared to overhaul and rein in the city's Tax Increment Financing system, whic...

Will the Grass Roots Have a Horse in This Race?

Tom Tresser | Posted 05.25.2011 | Chicago
Tom Tresser

Who will be the champion of grass roots economic development, social justice, fully funding public education and reversing the trend towards privatizing everything in sight?

CPS Parents Rip Daley, Huberman On Misuse Of TIF Funds

WBEZ | Posted 05.25.2011 | Chicago

Chicago Public Schools' budget woes are causing a growing number of teachers and parents to pressure Mayor Richard Daley on TIF funding for schools. T...

Parents Team Up To Get TIF Money To Struggling Schools

Chicago Reader | Posted 05.25.2011 | Chicago

If I hadn't seen it, I wouldn't believe it. There must have been more than 100 people--most of them parents of Chicago Public Schools students--sit...

The End Of The 'Shadow Budget'? Daley Mulls Using TIFs To Fill Deficit

Posted 05.25.2011 | Chicago

It has been investigated by some of Chicago's most dedicated journalists. It has been the subject of heated criticism, public debate and sunshine legi...

The Shadow Budget: How The City Spends TIF Funds, Ward By Ward

Chicago Reader | Posted 05.25.2011 | Chicago

If ever there was a community in need of economic development, it's West Englewood. It's riddled with vacant lots. Those that aren't turning to swa...

Audit: Chicago Lost Over $1 Million Through Mishandled TIFs

Posted 05.25.2011 | Chicago

According to an audit by the city's Inspector General, Chicago lost well over $1 million dollars through poor oversight of its tax-increment financing...

Alderman: East Loop Doesn't Need A TIF District

Chicago Real Estate Daily | Eddie Baeb | Posted 05.25.2011 | Chicago

Alderman Brendan Reilly (42nd) said he doesn't support a new tax-increment financing district for the East Loop....

TIF Money Approved For Civic Opera Building Renovations

Crain's Chicago Business | Eddie Baeb | Posted 05.25.2011 | Chicago

The city's Community Development Commission on Tuesday approved providing $488,844 in tax-increment financing for the Lyric Opera of Chicago to help p...

United Airlines Parent Eyes Move To Willis Tower ... With Big Tax Subsidy

Crain's Chicago Business | Thomas A. Corfman and Eddie Baeb | Posted 05.25.2011 | Chicago

The parent company of United Airlines is in talks with the Daley administration and the owners of the recently renamed Willis Tower about moving a 2,8...

City Has Nearly $1 Billion In Unspent TIF Money Stashed Away

Progress Illinois | Angela Caputo | Posted 05.25.2011 | Chicago

Over the past month, Mayor Daley's tax increment financing (TIF) system has attracted some much-needed scrutiny....

TIF Sunshine Ordinance Passes City Council 48-0

Huffington Post | Posted 05.25.2011 | Chicago

It's about to get a lot easier to find out where the reams of city taxpayer money spent on Tax Increment Financing districts goes. On Wednesday the C...

Eternal Sunshine of Chicago's Mind: TIFs Need to be Brought Into the Light

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

TIF districts make eyes glaze over because they're difficult to understand, difficult to track, and it takes decades to see the results of bad governance, perfect conditions for pulling the wool over citizens.