Open Illinois.org

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 located at 231 South LaSalle …

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 a significant portion of their property taxes …

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 a deficit in …

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 developments are located, how many tax dollars are going …

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 rebate $300,000 yearly in excess revenue from the TIF to area …

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 the Village of Hoffman Estates and the …

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 flowing into the various TIF …

Uptown Chicago taxpayers remain in the dark about the progress of the Wilson Yard TIF (tax increment financing) project.