Chicagotalks has reported and mapped them. The Chicago Reader has doggedly investigated them. Now Mayor Emanuel is unleashing a special Task Force on Tax Increment Financing (TIF) and how it works, or doesn’t, as an investment tool. We’ll follow this story, but if you’re ticked that the taxes you pay in your neighborhood go elsewhere, you can voice your concerns and be part of the TIF task force.
Mayor Rahm Emanuel created this special Task Force to evaluate Chicago’s Tax Increment Financing (TIF) Program to determine whether taxpayer dollars are being used efficiently and to better promote public and private investment across the city. TIF funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects.
In order to improve and strengthen the TIF program, the Mayor’s Task Force needs your help! This website is an interactive forum for all residents to contribute their ideas and give feedback on how best to improve the TIF program.
For current information and data about the TIF Program please visit: http://www.cityofchicago.org/TIF
The Suggestions & Feedback forum below will allow you to post your own discussion topics and respond to specific questions asked by the Task Force. The News & Announcements forum will house the latest announcements and developments from the Task Force to keep you informed on its progress.
via Task Force on TIF Reform- TIF Reform Forums.
Here is a ever updating view of what’s happening in the news regarding TIF:
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- Belmont-Central Gets Revised Budget & TIF Plan Update (chicagotalks.org)
- A TIF Gift for Rahm (chicagoreader.com)
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