This morning the Sun-Times editorial board endorsed a Chicago City Council ordinance to increase oversight of the tax increment financing (TIF) system and derided Mayor Daley's use of funds:

When homeowners hear the phrase "tax increment financing districts" -- also known as TIF districts -- their eyes glaze over, if they know about them at all.

We admit it. TIFs are about as sexy as Alan Greenspan in a Speedo.

So to keep your attention, we're going to call them what they really are:

Mayor Daley's private piggy bank.

Read our post from earlier this month to learn more about the proposal from Alds. Manny Flores (1st Ward) and Scott Waguespack (32nd Ward).