Truth about TIFs in Chicago & exposing pay to play politics

Truth about TIF or Tax increment financing. http://www.youtube.com/watch?v=sMLMHBzvq5M TIF stands for Tax Increment Financing. It is something that has become very big in Chicago and is a creative economic tool. The problem in Chicago, is that it has unfortunately been misused. You have to understand what TIF money is. It is tax increment financing, that is …

Read More →

2013 Chicago & Suburban Cook TIF Report

2013 TIF revenue in Chicago is down 7.65%, 2% dip in suburbs July 16, 2014 The Cook County Clerk’s office proud to announce new online TIF mapping tool On Wednesday, Cook County Clerk’s office and David Orr released the annual TIF report for Chicago and suburban Cook County. There are 435 active TIF districts in …

Read More →

Clerk Office unveils TIF information on tax bills, releases tax rates

Property tax bill TIF info for Cook / Chicago

Cook County property owners located in a tax increment financing district will now see how much of their tax bill is going into a TIF fund, Cook County Clerk David Orr announced Thursday as he released the 2013 tax rates. “When tax bills arrive soon in mailboxes, more than 200,000 property owners will have a …

Read More →

David Orr’s Chicago TIF proposal sparks discussion in the media

David Orr's TIF reform proposal helps Chicago Public Schools and costs taxpayers nothing

PHOTO: NANCY STONE/CHICAGO TRIBUNE Recent article from the Chicago Magazine.  Full article can be found here. Last week David Orr, the Cook County Clerk who’s long been a constructive critic of how the city deals with its tax-increment finance districts, made a couple new suggestions for additional reforms of the TIF program. One’s new, the …

Read More →

TIF Reform in Chicago worth at least $44 Million a year

With pension tax vote looming, David Orr urges new debate on TIFs in Chicago. “Chicago homeowners are being asked to pay more for pensions without receiving any additional services while corporations and private interests in TIF districts continue to reap their rewards,” Orr said. “I believe there is a way to restructure TIF funds to ease …

Read More →