Richard J. Daley

Time To Throw A TIF: Invisible, unaccountable taxes you’ve never heard of

By Kate Campaigne Piercy
01/09/2009
The Problem Bob and Rita Smith* are generous people. Every year, they give about $2,000 to wealthy, politically connected real estate developers doing business in their Wilson Yard neighborhood. Bob and Rita live frugally, work hard to save for retirement, and struggle to make ends meet each month—and yet, they keep on giving to the...