Tax increment financing

Study Guide: Chicago Teachers Union strike

By Chris Andriesen
09/18/2012
Institute Experts on the Chicago Teachers Union Strike A meditation on the Chicago Way The CTU strike has ended and a lot of people are asking: “what happened?” Five things you need to know about Chicago Public Schools Five critical facts to keep in mind during the CTU strike. Cheat Sheet: Chicago Public Schools A...

Look at who they have to deal with

By Paul Kersey
07/20/2012
The budget that CPS produced is not without its flaws but CPS Chief Administrator Tim Cawley at least managed to display a certain bedraggled graciousness – too tired to be strident – as he walked the audience of 200, mostly CTU partisans, through the board’s handiwork. By contrast, the union members and their allies in...

Budget Solutions 2013: Innovation for Illinois

By Jonathan Ingram
03/08/2012
This is the Illinois Policy Institute’s fourth annual alternative vision for Illinois. In this report, we’ve charted a path that significantly reduces the state’s backlog of bills without borrowing and without new taxes, while meeting its pension liabilities. In addition, the state returns billions of dollars to taxpayers by repealing the January 2011 tax hikes....

Things you think are treats but really are tricks

10/27/2011
by Amanda Griffin-Johnson This time of year, children go door-to-door dressed in costumes to ask their neighbors for treats. Throughout the year, governments at the federal, state and local level provide services and programs that many look upon as treats. But considering the cost and inefficiency of some of these programs and services, are these...

New TIF in the Loop

By Chris Andriesen
11/09/2010
by Kate Piercy 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 Street. By law, TIFs are intended to promote economic development in blighted areas,...

Rahm on TIF

10/14/2010
by Kate Piercy 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 into these TIFs, and how the money is being spent. Mayoral candidates looking to fill...

Daley Proposes Dipping into TIF Reserves to Balance Budget

10/14/2010
by Kate Piercy Mayor Daley went forward with his plans to use TIF reserves in order to “balance” his proposed FY2011 budget, leaving it to his future replacement to tackle the inherent problems that led the city into a deficit in the first place. Balancing the budget is important, but TIFs were not created to be used...

TAGS: Chicago, Daley

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Chicago Forward 2026: A pro-growth plan to end city budget deficits

Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.

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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