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News
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TIF system a burden on education
TIF has become a recurring issue in Chicago's School reform debate
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If property tax revenue increases in a neighborhood covered by a TIF district, that money is diverted from public schools and other taxing bodies into an off-the-books account controlled exclusively by the Daley administration. According to an analysis carried out last year by Robert Ginsburg and Don Wiener on behalf of SEIU's Illinois Council, Chicago's TIF system annually absorbs between $250 million and $300 million in property taxes that would otherwise flow into CPS' coffers.
Read the full article.
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