When Daley administration officials promote their decision to grant tax increment financing (TIF) dollars to large, profitable companies based in the city's Loop, there's usually a line about the jobs that the TIF grant will help "retain" downtown.
In recent weeks, we've been tracking how outgoing Chicago Mayor Richard Daley's now-ratified decision to declare $180 million of the city's tax increment financing dollars as surplus is affecting other local
The weak economy and the city of Chicago's dire fiscal situation has put a dent in Daley's tax increment financing system. We look at where the TIF "surplus" funds are coming from and ask if the lame duck mayor is doing enough.
There was no vote on the Sweet Home Chicago Ordinance at City Council on Wednesday, but proponents of the legislation say they've got multiple options at their disposal to get the bill -- or an alternative version of it -- finally passed.
Chicago mayoral hopeful Rahm Emanuel actually discussed municipal policy today, telling the Sun-Times he'll support listing on property tax bills the proportion of tax dollars flowing into the city's tax increment financing (TIF) funds.