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State of Illinois

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Frequently Asked Questions: Tax Increment Financing

FREQUENTLY ASKED QUESTIONS (FAQS): TAX INCREMENT FINANCING (TIF)  What is Tax Increment Financing (TIF)? TIF is a tool used by local governments, like cities, towns, or villages, to boost their economies and pay for…

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Standing up a Department of Early Childhood: What Peer States Can Teach Illinois

by Lily PadulaClick here to read the full report …

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How Illinois' FY2027 Proposed Budget Addresses Long-term Fiscal Sustainability

by Paula Worthington Click here to read the full report …

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How Illinois’ Proposed FY2027 Budget Manages Federal Funding Risks

By Lily Padula Click here to download the Report Overview…

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Explainer: Local Government Consolidation

by Lily PadulaClick here to read the full report…

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How Illinois’ FY2027 Proposed Budget Balances the Books

By Lily Padula Click here to download the Report Overview…

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Tax Increment Financing: A Primer

by Roland Calia and Daniel Vesecky Click here to read the full report …

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Weakening Labor Market Complicates Economic Outlook for Illinois

by Paula R. WorthingtonDownload the Executive SummaryLast week’s…

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Understanding H.R. 1: How Federal Tax Code Changes Could Impact Illinois

by Paula R. WorthingtonDownload the Executive Summary…

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Setting the Stage for the FY2027 Illinois State Budget

by Lily PadulaDownload the Executive SummaryThe State of Illinois (Illinois or ‘the State’) enters…