Tax increment financing

Growing out of control: Property taxes put increasing burden on Illinois taxpayers

By Ted Dabrowski, John Klingner
12/17/2015
Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...

5 steps to immediately save Illinois more than $1.8 billion next year

By Benjamin VanMetre
05/28/2014
Illinois politicians passed a record income tax increase in January 2011. Part of the deal they made was to allow most of that tax hike to sunset in 2015. That deadline is quickly approaching – Illinois’ income tax rates are legally required to come down in nearly six months. Lawmakers should have been preparing for...

Legislators call for Chicago Public Schools to play by the same education funding rules

10/15/2013
Chicago Public Schools, or CPS, has been getting special treatment from the state for almost 20 years when it comes to funding for special education, transportation and nutrition programs. According to a recent report in the Belleville News-Democrat, CPS received $607 million in a special block grant from the state last year for these programs...

TAGS: CPS: Chicago Public Schools, Dwight Kay, Sandy Pihos, TIF: Tax Increment Financing

Chicago gives Whole Foods $10M tax incentive

By Brian Costin
09/18/2013
In a free enterprise system, businesses grow organically by providing customers with products of value, and in return customers reward those businesses with their hard-earned money. Unfortunately, in Illinois the free enterprise system has been corrupted by bad government policies. Because of Illinois’ high taxes, regulations and anti-free-market policies, many businesses now resort to playing...

Illinois and Chicago’s pattern of cronyism and corporate handouts

By Justin Hegy
09/17/2013
Instead of creating a business-friendly environment by keeping taxes and regulations low, Illinois state government and the city of Chicago have a laundry list of special tools they claim promote economic development. These tools include: tax increment financing, or TIF, districts; economic grants; and a series of loopholes in the tax code. When government gives...

TAGS: cronyism

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Why Chicago Needs an Elected City Attorney

The “gift room” scandal, a botched police raid and a smokestack implosion underscore how the head of Chicago’s Law Department, also known as the corporation counsel, too often lacks independence from the mayor’s office. Chicago’s corporation counsel is appointed by the mayor and can be removed at the mayor’s discretion. Experience in other major cities...

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

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

By Ted Dabrowski
05/02/2016