Tax Increment Financing Districts

Jen Sabella

CME Group's 'Golden Toilet'? Budget Cuts Renew Anger About Chicago TIFs

HuffingtonPost.com | Jen Sabella | Posted 01.25.2012

Read More: Corporate Welfare, Occupy Chicago, TIF Districts Chicago, Chicago Board of Trade, Video, Rahm Emanuel, Tax Increment Financing Districts, Chicago Tifs, Chicago Budget, Chicago Mercantile Exchange, Tifs, CME Group, Chicago News

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" ...

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Lake Shore Drive Tolls, City Income Tax Could Be Ahead

Posted 11.27.2011

Read More: Lake Shore Drive, Lollapalooza, Chicago City Council, Inspector General Joe Ferguson, Mayor Emanuel, Rahm Emanuel Chicago Budget, Lake Shore Drive Toll, Chicago Income Tax, Rahm Emanuel, Chicago Budget, Lake Shore Drive Chicago, Tax-Increment Financing Districts, Joe Ferguson, Tifs, Chicago News

Charging a $5 toll for using Lake Shore Drive and introducing a separate city income tax are just two of several ideas City Hall's watchdog has for cl...

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Rahm Faces Tough Questions, Hecklers At Second Town Hall

Posted 11.01.2011

Read More: Mayor Emanuel, Public Employees, Chicago Traffic Aides, Chicago Public Schools, Tax Increment Financing Districts, Rahm Emanuel, Chicago Tifs, Chicago Budget, Chicago Budget Townhall, Seiu, Chicago Unions, Chicago Budget Deficit, Chicago Teachers Union, Jean-Claude Brizard, Tifs, Chicago Teachers, Chicago News

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...

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City Greenlights $7M TIF For Upscale Greektown Grocer

Posted 09.12.2011

Read More: Mariano's Fresh Market, Chicago Business, Tif Reform, Tax Increment Financing Districts, Rahm Emanuel, Tifs, Food Deserts, Chicago News

On Tuesday, the city's Community Development Commission approved a $7 million public subsidy, through the city's controversial tax increment financing...

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Renewed Call for a TIF Moratorium

David Orr | Posted 06.08.2011

Read More: Chicago Tax Increment Financing, Tax Increment Financing Districts, Rahm Emanuel, David Orr, Chicago, Cook County, Tax Increment Financing, Cook County Clerk David Orr, Chicago Mayor, Chicago News
David Orr

For too long, TIFs were used as corporate subsidies. We have far too much at stake in our city to allow TIF money to be poorly used or misused.

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Emanuel Will Tackle TIFs With New Aldermen

Chicago Sun-Times | Posted 05.25.2011

Read More: Tif Districts, Rahm Emanuel, Tax Increment Financing Districts, Chicago Tifs, Chicago Aldermen, Chicago News

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...

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Daley Says If City Took Financial Advice From State, 'We'd Be Bankrupt'

Posted 05.25.2011

Read More: John Fritchey Daley, Chicago Public Schools, Tifs, Chicago Mayor Richard Daley, State Budget, Tax Increment Financing Districts, Illinois State Budget, Mayor Richard Daley, Mayor Daley, Chicago Budget Hearings, Tif Districts, John Fritchey, Chicago City Budget, Chicago News

Chicago Mayor Richard Daley does not appreciate criticism--whether it's coming from the media, Democrats or Republicans. On Tuesday, he made this abun...

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Parents Team Up To Get TIF Money To Struggling Schools

Chicago Reader | Posted 05.25.2011

Read More: Chicago Public Schools, Chicago Education, Tax Increment Financing Districts, Chicago Tifs, Chicago Tif Districts, Mayor Daley Chicago, Mayor Daley, Chicago News

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...

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Audit: Chicago Lost Over $1 Million Through Mishandled TIFs

Posted 05.25.2011

Read More: TIF Districts Chicago, Daley TIFs, Chicago Tifs, Tax Increment Financing Districts, Mayor Daley, Chicago, Chicago News

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...

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Obama's "High Road" Contracting Policy Builds on Chicago's Living Wage Law: Now, Can Chicago Learn From Its Own Success?

Amy Traub | Posted 05.25.2011

Read More: Wal-Mart, Tax Increment Financing Districts, Chicago, Chicago Living Wage, Living Wage, Contracting, Procurement, Public Subsidies, Subsidies, Chicago News
Amy Traub

A soon-to-be introduced bill to expand the living wage to companies that directly or indirectly benefit from city subsidies such as tax increment financing will put the city to the test.

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Alderman: East Loop Doesn't Need A TIF District

Chicago Real Estate Daily | Eddie Baeb | Posted 05.25.2011

Read More: East Loop TIF, Brendan Reilly, Tax Increment Financing Districts, Chicago Tifs, Tifs, Chicago News

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

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

Progress Illinois | Angela Caputo | Posted 05.25.2011

Read More: Tax Increment Financing Districts, Chicago Tifs, Tifs, Chicago Tif Surplus, Mayor Daley, Chicago News

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

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TIF Sunshine Ordinance Passes City Council 48-0

Huffington Post | Posted 05.25.2011

Read More: Tif Sunshine Ordinance, Tax Increment Financing Districts, Mayor Daley, Manny Flores, Margaret Laurino, Chicago Tifs, Tif Reform, Scott Waguespack, Tifs, Chicago News

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...

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TIF Sunshine Ordinance Passes Committee

Huffington Post | Posted 05.25.2011

Read More: TIF Sunshine Bill, Tax Increment Financing Districts, Tifs, Manny Flores, Tif Sunshine Ordinance, Tif Reform, Scott Waguespack, Chicago News

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 b...

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TIFS For Tots, Part Two

Posted 05.25.2011

Read More: Adam Verwymeren TIFS, Tif Cartoon, Tifs Cartoon, Tifs for Tots, Tax Increment Financing Districts, Tifs, Mayor Daley, Where Do Tifs Come From?, Adam Verwymeren, Chicago News

Northwestern journalism student Adam Verwymeren earned acclaim for "TIFs For Tots," his hilarious cartoon primer on Mayor Daley's go-to development to...

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Central Loop TIF Will Die

Crain's Chicago Business | Greg Hinz | Posted 05.25.2011

Read More: Tifs, Rod Blagojevich, Loop TIF, Tax Increment Financing Districts, Mayor Daley, Central Loop TIF, Daley TIFs, Blagojevich TIFs, Chicago News

City Hall is putting a lid on Mayor Richard M. Daley's favorite honey pot. Facing apparent opposition from Gov. Rod Blagojevich, the Daley administra...

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Chicago's Cost-Cutting Ideas

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011

Read More: Chicago and Privatization, TIFs, Chicago Tifs, Tax Increment Financing Districts, Mayor Daley, Chicago Skyway, Chicago City Deficit, Chicago Budget Shortfall, Chicago Skyway Fund, City of Chicago, Aldmermanic Pay Raise, Chicago City Budget, Chicago Budget Crisis, Chicago Garbage Collection, Chicago News

If too many cooks spoil the broth, the solution to Chicago's budget crisis will be one spoiled stew. Aldermen, union leaders and civic watchdogs are ...

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