The TIF Illumination Project is an effort of a group of volunteers in Chicago to expose a decades-old finance scheme that annually extracts almost 500 million dollars of property taxes and places it in a program controlled by the mayor.
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On the same day Mayor Rahm Emanuel announced reforms he says will improve the accountability and transparency of the city's controversial tax incremen...
Gaylord Entertainment proposes building a hotel entertainment complex near DIA; except, first it wants $522m in TIF subsidies over 25 years. Time to stop punching holes in the bucket.
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.
County-wide, in 2009, TIF districts diverted $838 million in property taxes away from the units of government that rely on property taxes for operation. And $519 million of that was from Chicago.
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?
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