The Civic Federation supports the DuPage County FY2011 proposed operating budget of $459.4 million. The County is reducing operating expenditures for the second year in a row while pledging to maintain the existing level of service and…
Tax increment financing (TIF) districts do not freeze property tax revenue available to other taxing districts in Cook County; the principal effect of TIF is to raise tax rates higher than they otherwise would have been.…
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The purpose of this report is to describe how property taxes are extended in Cook County, Illinois. It defines tax extension, explains the mechanics of calculating rate limits and tax caps, and describes the effects of Tax Increment…
A tax increment financing (TIF) transparency bill (Public Act 096-1335) passed by the Illinois legislature in May and signed into law by Governor Pat Quinn on…
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On May 4, 2010 the Illinois General Assembly passed a bill that will significantly improve the transparency of information about Tax Increment Financing districts in Illinois. Senate Bill 3152 implements a number of the…
When the Chicago City Council approved the Tax Increment Financing (TIF) Sunshine Amendment in April of 2009 that called for the creation of a consolidated and enhanced TIF information website, the City took a significant step towards…
The redesign of the Civic Federation website in July has provided the public, government officials, and the media better access to the Federation’s analyses of government services in Illinois. The regularly-updated Civic Federation blog…
