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TIFs
Quick Hit
by Ellyn Fortino
12:52pm
Wed Jul 9

WaterSaver Workers Picket For 'Fair' Contract, Protest Over Bathroom Break Policy (VIDEO)

About 25 union-represented employees at WaterSaver Faucet Co. picketed outside of the company's Chicago headquarters and main manufacturing facility before work Wednesday morning to call for a "fair contract." 

Teamsters Local 743 represents a total of 140 workers between WaterSaver's plant, 701 W. Erie St., and another facility operated by the laboratory faucet manufacturer's sister company, Guardian Equipment, located at 1140 N. North Branch St. in Chicago.

Unionized workers at WaterSaver have been working under an extension of their old labor contract, which expired last month. Contract negotiations between the union and the company have been underway for about a month and a half, said Nicholas Kreitman, Teamsters Local 743 senior union representative and staff attorney.  Read more »

PI Original
by Ellyn Fortino
2:09pm
Fri Jun 27

CivicLab's 'Democracy Design Studio' To Launch New Tools, Programs For Activists

Progress Illinois profiles the Chicago-based CivicLab, which turns one year old next month, and its latest efforts to aid local activists.

Quick Hit
by Ellyn Fortino
1:58pm
Thu Jun 19

CivicLab: Chicago's 48th Ward Had $22 Million In TIF Funds Last Year

Far North Side Chicago residents were shocked to learn that the five active tax increment financing (TIF) districts located in the 48th Ward had $22.3 million sitting in their collective bank accounts at the start of 2013, according to city data revealed by the CivicLab at a Wednesday night community meeting.

That money would have otherwise been dispersed among the local units of government that rely on property tax revenue, including the Chicago Public Schools (CPS) district, were it not for the city’s controversial TIF program, which is intended to spur economic development in “blighted” areas. Read more »

Quick Hit
by Ellyn Fortino
6:36pm
Fri Apr 11

Report: TIFs Play A Role In Chicago's Pension Crisis

With the media and public spotlight on Chicago's pension crisis, the non-partisan research center Good Jobs First is turning the attention to the city's controversial tax increment financing, or TIF, program.

In its recent "Putting Municipal Pension Costs Into Context: Chicago" report, the Washington, D.C.-based group asserts that the TIF program has played a part in the underfunding of pensions in the city.

"It's really hard to ignore the evidence that TIF has had some sort of impact on pensions," said Tommy Cafcas, research analyst at Good Jobs First, which works to promote corporate and government accountability.

"We know that TIF costs grew, and they started growing really quickly after 2000. We know that general fund revenues declined ... and we know that the city addressed its budget gap in part by making inadequate contributions to public pensions, so it seems reasonable that TIF plays a role in how the city thinks about addressing the pension issue." Read more »

PI Original
by Ellyn Fortino
2:18pm
Thu Mar 13

Chicagoans, Aldermen Clash On $55 Million TIF Subsidy For McCormick Place Hotel

The Chicago City Council last week agreed to allocate up to $55 million in tax increment financing (TIF) funds for the development of a new Marriott hotel adjacent to the McCormick Place convention center. Progress Illinois details some of what proponents and opponents have to say about the project.

PI Original
by Ellyn Fortino
4:58pm
Wed Mar 12

Election Preview: A Look At The 39th District State Representative Race

With less than a week until the March primary election, eyes are peeled on the 39th District state representative race that pits politically-connected incumbent State Rep. Maria "Toni" Berrios (D-Chicago) against community organizer and former Huffington Post reporter Will Guzzardi. Progress Illinois takes a look at the contest, which has been called possibly the "most important state legislative race in Illinois in the primary."

PI Original
by Ellyn Fortino
4:34pm
Thu Mar 6

10th District Race: Candidates Sound Off On Elected Chicago School Board, TIF Reform

Three of the five candidates vying to unseat incumbent State Rep. Derrick Smith (D-Chicago) in the crowded 10th District Illinois House race took part in a forum Wednesday night, discussing everything from education to TIFs. Progress Illinois was there for the discussion. 

Quick Hit
by Ellyn Fortino
3:24pm
Tue Feb 25

Debate Over Luxury Housing Development In Uptown Rages On

An advisory zoning committee for Chicago's 46th Ward signed off on a private developer's request for $14 million in tax increment financing (TIF) assistance for a proposed luxury housing complex in Uptown at its monthly meeting Monday night.

The 46th Ward’s Zoning and Development Committee, put in place by Ald. James Cappleman (46th), approved preliminary plans for JDL Development's TIF project despite opposition from low-income housing advocates in the area.

A group of about 30 community activists staged a protest outside of Cappleman's office Monday night before attending the zoning meeting, held at Weiss Memorial Hospital. The protestors toted signs reading, "Stop displacing our neighborhood" and "Save Uptown diversity." 

"Cappleman, as alderman over his tenure in office, repeatedly supported gentrification projects that affect the community in ways that force out diversity from Uptown and that have devastating effects on low-income communities and communities of color in Uptown," community activist Ashley Bohrer said at the protest. "Building affordable housing would be the best way to use public money for public services, and that means helping communities that are in the most need."  Read more »