Mayor Lori Lightfoot Vows 'New Level Of Transparency' In Awarding TIF Funding To DevelopersOften criticized as a slush fund for elected officials, the city’s TIF program provides hundreds of millions of dollars in property tax revenue to projects in designated districts across the city.
Breaking Down The Claims About Money: CPS Vs. The Chicago Teachers UnionTalks between the striking Chicago Teachers Union and Chicago Public Schools negotiators were on the verge of a breakdown on Tuesday.
Lawsuit Says $1.3 Billion Lincoln Yards Tax Subsidy Benefits Mostly-White AreasTaxpayer funding for the Lincoln Yards project has already been approved by the Chicago City Council with a nod from Mayor-elect Lori Lightfoot.
With Lightfoot's Backing, City Council OKs TIF Money For Lincoln Yards And The 78; Developers Vow More Contracts For Women, MinoritiesAfter asking for a delay in the approval process earlier this week, Mayor-elect Lori Lightfoot has given her blessing to two massive development projects, having secured agreements from the developers to increase the amount of construction work that will go to women- and minority-owned firms.
At Lightfoot's Request, Emanuel Seeks To Delay Vote On Tax Subsidies For Lincoln Yards, The 78Bowing to the wishes of Mayor-elect Lori Lightfoot, Mayor Rahm Emanuel on Monday said he wants to call off a planned City Council Finance Committee vote on $1.6 billion in tax increment financing for two massive development projects, Lincoln Yards and The 78.
Pro-Choice Advocates Urge City To Reject Plan To Give Tax Financing To Presence HealthAbortion rights advocates are speaking out against a measure up for a City Council vote Wednesday that would provide taxpayer funding for health facilities that refuse to perform elective abortions.
"Outraged" Aldermen Demand Hearings On $55 Million Navy Pier TIF TransferAn investigation by the BGA and Crain’s Chicago Business found $55 million in TIF money meant for a hotel project was diverted to Navy Pier.
Aldermen Want To Reinstate "Head Tax," Use TIF Surplus To Bail Out CPSSeveral aldermen, activists, and others have pushed their own plan to bail out the cash-strapped Chicago Public Schools.
Aldermen Upset At Lack Of Contact From CPS As June 1 Closing NearsAn ordinance to send surplus TIF money to CPS whenever the district is in financial distress remained bottled up in committee.
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.