Tax Increment Financing

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Metropolitan Water Reclamation District FY2012 Tentative Budget: Analysis and Recommendations

The Civic Federation offers conditional support for the Metropolitan Water Reclamation District’s (MWRD) FY2012 Tentative Budget of $1.0 billion. The Federation is concerned that the budget proposes the maximum increase to the property tax…

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Civic Federation 2012 Legislative Priorities

The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois International Port District, creating a new…

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Declare TIF surplus to plug city, school budget

This editorial urges the City of Chicago to declare a TIF surplus and use TIF funds to help fill budget gaps at the City of Chicago and Chicago Public Schools. The Civic Federation says that declaring a surplus is acceptable, provided the…

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Aldermen Seek to Route TIF Funds to Schools

This article discusses a proposal to divert TIF funds to Chicago Public Schools. The Civic Federation says that TIFs are not the solution to CPS’ financial problems.

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Emanuel Panel Urges New Era Of ‘TIF’ Transparency

This article discusses findings presented by a TIF panel convened by City of Chicago Mayor Rahm Emanuel. Civic Federation President and panelist Laurence Msall says that the City has needed a TIF roadmap for decades and that efforts to…

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Emanuel hypes reform of TIF programs

This news segment discusses reforms to the City of Chicago TIF program as recommended by a panel assembled by Mayor Rahm Emanuel. Civic Federation President and panelist Laurence Msall says that many TIF districts or projects may be closed…

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Mayor Emanuel calls for TIF reform

In this article about possible reforms to the City of Chicago TIF system, the Civic Federation says that the City and Chicago Public Schools could receive hundreds of millions of dollars if poorly performing TIF districts are closed. 

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TIFs survive task force, to serve a new mayor

Sun-Times columnist Mark Brown discusses the findings of the TIF panel convened by City of Chicago Mayor Rahm Emanuel. Civic Federation President Laurence Msall, who participated in the panel, says the panel’s recommendations will help…

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Updated Report Explains Effect of TIF on Cook County Local Governments

Today the Civic Federation published an update to its primer The Cook County Property Tax Extension Process: A Primer on Levies…

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Data Portals Help Increase Understanding of City Operations