Report: TIFs fall short of economic development promises

09/19/2018

A new report analyzes the effects of “tax increment financing” on communities across the nation – and calls into question the merits of the widely used development tool.

TAGS: Chicago, John F. Curran, property taxes, Rahm Emanuel, taxes, TIF: Tax Increment Financing, William Davis

Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts

By Chris Lentino

07/26/2018

Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.

TAGS: Chicago, Chicago City Council, Cook County, John F. Curran, property taxes, Rahm Emanuel, TIF: Tax Increment Financing, William Davis

Building not permitted: Building permits in Illinois are a barrier to housing affordability

Illinois is in the midst of a housing affordability crisis. Over a third of residents are considered “burdened” by housing costs, meaning they pay over 30% of their income on costs related to housing. That is a greater portion of residents burdened by housing than any other state in the Midwest. The state fell 113,000...

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Building not permitted: Building permits in Illinois are a barrier to housing affordability

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Sam Goldman

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students