Tax Increment Financing
Dozens of protesters rallied at the site of a new West Loop office development along the Chicago River on Tuesday, upset that taxpayers’ money is supporting the construction.
Are Tax Increment Financing District funds fairly distributed when it comes to Chicago schools? A sociology professor who has looked at the books thinks not.
Mayor Rahm Emanuel’s controversial plan to fund $1.7 billion worth of public construction projects with private money cleared a major hurdle Monday, after a City Council panel endorsed the plan, following five hours of debate and a mini-revolt from aldermen concerned about a lack of City Council oversight.
Protesters gathered outside the Mayor’s Office with a golden toilet Wednesday, demanding that Mayor Rahm Emanuel create jobs with $33 million in taxpayer funds that had gone in part to the CME Group so the company could renovate its restrooms.
As Mayor Rahm Emanuel unveils his first budget, corporate protesters are taking their message to City Hall.
Former Mayor Richard M. Daley is responding angrily to allegations about his wife’s favorite charitable project.
Mayor Rahm Emanuel is proposing using Tax Increment Financing funds to build a new library in the Albany Park neighborhood and a parking lot for a school in Bronzeville.
A group of Chicago aldermen, along with the Chicago Teachers Union and some community groups, rallied at City Hall Tuesday to push a move to allocate surplus TIF money to go back into the budget.
City Inspector General Joe Ferguson said Tuesday that former Mayor Richard M. Daley’s administration forced several firms that received city development subsidies to direct a portion of their own funds to charities, including one run by the ex-mayor’s wife, Maggie.
A couple dozen protesters stood outside United Airlines’ Chicago offices on Sunday to demand that United do more for the city.
Mayor Rahm Emanuel’s TIF Task Force got an earful from the public Thursday night.
Residents of the West Rogers Park neighborhood honored Mayor Richard M. Daley today, as the mayor called the area “a ward that truly represents the entire city as a city of immigrants.”