Press Detail

Daley proposed using TIF funds to help balance budget

Posted on October 18, 2010

- Chicago Tribune

This article focuses on Mayor Daley’s plans to fill the City of Chicago’s FY2011 budget gap with surplus TIF funds, proceeds from long-term leases of City assets, and by restructuring the City’s debt. The Civic Federation says it has concerns about the Mayor’s plans and that the City’s budget should include major structural changes to bolster its finances.