Update on the Wilson Yard TIF
Uptown Chicago taxpayers remain in the dark about the progress of the Wilson Yard TIF (tax increment financing) project. Just a few months ago we blogged about the TIF situation in Uptown and now we...
View ArticleTIF Clouds
A TIF sunshine ordinance passed last April for the city of Chicago and sparked some hope it would help people more clearly understand TIF and help them track the enormous of amount of tax dollars...
View ArticleTIFs causing business un-development in Hoffman Estates
Steve Stanek of the Heartland Institute comes out today with a story about economic planning gone wrong in the Chicago suburb of Hoffman Estates. Thanks to generous tax increment financing (TIF) from...
View ArticleWhat?! An Early TIF Retirement?!
Elk Grove Village–a Chicago suburb–recently retired its TIF district because, as village Mayor Craig Johnson said, the TIF’s purpose had been accomplished. The Daily Herald reports Elk Grove will...
View ArticleRahm on TIF
Not many people understand tax increment financing (TIF) very well, and the lack of transparency in the TIF process, particularly in Chicago, leaves many taxpayers unaware of exactly where TIF...
View ArticleDaley Proposes Dipping into TIF Reserves to Balance Budget
Mayor Daley went forward with his plans to use TIF reserves in order to “balance” his proposed FY2011 budget, leaving it to his future replacement to tackle the inherent problems that led the city into...
View ArticleCheck Out a New Paper on TIF Transparency!
Although tax increment financing (TIF) has been around for over thirty years, many people do not understand how it works, how it affects their communities or their pocketbooks. Most people have no idea...
View ArticleNew TIF in the Loop
The city of Chicago has just approved 6 million dollars in tax increment financing (TIF) for Accretive Health Inc. “to pay for job training and the build-out costs” of a new facility, which will be...
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