Aldermen Hold Off On Plan To Overhaul TIF RulesA City Council committee has delayed an effort to tighten the rules for the city’s often-criticized tax increment financing system.
Parents, Elected Officials Want Mayor To Use TIF Money To Avert Teachers' StrikeSarah Ma, a parent and local school council member at Alexander Graham Bell Elementary School, pleaded with the mayor’s office to support an ordinance that would require uncommitted tax increment financing money to go back to CPS in times of financial distress.
Activist Protest TIF Funds For Planned Uptown High-Rise DevelopmentAbout fifty activists marched from the site of a planned high-rise development in the Uptown neighborhood that would get $16 million in tax Increment financing dollars to the mayor's house to demand he put a stop to the deal, reports WBBM’s Mike Krauser.
Lawmakers Propose Using TIF Cash For Chicago Schools In Wake Of Takeover PlanChicago stockpiles "tax increment financing" dollars in special redevelopment zones. Could some of the cash bail out CPS?
5 Years In Prison For Serial Con Man Who Scammed RiverdaleJohn Thomas felt invincible, his attorney said. He wore wires and helped the feds put powerful politicos in prison. He used drugs, guzzled four bottles of wine a day and claimed he could take down an entire bottle of vodka without feeling drunk.
Report: Mole In Rezko, Carothers Cases Arrested For FraudFederal authorities gave long-time government mole John Thomas a Good Friday surprise, arresting him at his home early Friday morning, the Sun-Times is reporting.
Elk Grove Village Board To Vote On $860M TIF DistrictElk Grove Village trustees were set to vote Tuesday night on the proposed creation of an $860 million special taxing district to pay for renovation of a major industrial park.
Activists Slam Use Of TIF Money For Park At West Loop TowerDozens 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.
Report: TIF Funds Aren't Helping SchoolsAre Tax Increment Financing District funds fairly distributed when it comes to Chicago schools? A sociology professor who has looked at the books thinks not.
Finance Committee OKs Mayor's Infrastructure Trust PlanMayor 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.
Activists Bring Golden Toilet To City Hall, Protest Grant To CMEProtesters 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.
Protesters Slam Tax Increment Financing ProgramAs Mayor Rahm Emanuel unveils his first budget, corporate protesters are taking their message to City Hall.