Archive for TIF
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New 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 located at 231 South LaSalle …
Check 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 a significant portion of their property taxes …
Rahm 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 developments are located, how many tax dollars are going …
TIF 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 flowing into the various TIF …
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.
Sears Tower became Willis Tower on your dime
It seems Chicago is still in denial about the (former) Sears Tower name change to “Willis Tower.” Numerous people have vowed not to accept the name and continue calling the tower by its traditional one. But, as Willis CEO Joe …
City Taxpayers Have Right to See TIF Transparency
The Institute’s Director of Government Reform is featured in Crain’s Business discussing the importance of transparency regarding TIFs.
Should Chicagoans stop throwing money into a giant hole?
Following up on Nick’s post about TIFs in the Huffington Post, I figured it might be fitting to mention a new article-by yours truly-on the Chicago-based Gaper’s Block blog. In it, I write about the continuing TIF situation in …
TIF Districts Need Light
In a recent Huffington Post Chicago article, Ester Cepeda talks about TIF Districts and the need to bring them to light. “Eternal Sunshine of Chicago’s Mind: TIFs Need to be Brought Into the Light,” chronicles TIFs in Chicago …
Wilson Yard TIF
As mentioned in a recent TIF brief, the Wilson Yard TIF located in Uptown provides a good example of why tax increment financing (TIF) needs transparency.
2000 residents have filed a lawsuit against Chicago, citing abuses in the creation, planning, …
