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Taxes
PI Original
by Angela Caputo
10:23am
Fri Dec 4, 2009

Next Up, Saffold Defends TIFs (UPDATED)

Tax Increment Financing

Mayor Daley must be really eager to tamp down all this tax increment financing (TIF) talk.  Appearing on WBEZ on November 1, he talked at length -- and not entirely truthfully -- about the benefits of this economic development tool.  At a November 13 press conference...

PI Original
by Angela Caputo
12:34pm
Thu Dec 3, 2009

More Revisionist History From Dillard

IL-Governor

As he makes his rounds on the gubernatorial campaign trail, State
Sen. Kirk Dillard (R-Hinsdale) loves to tout his "executive experience"
as former Gov. Jim Edgar's chief of staff. And there's no
accomplishment he loves to brag about more than his experience helping
...

PI Original
by Angela Caputo
10:14am
Thu Dec 3, 2009
4 comments

TIF Dominates The Chicago Budget Debate

Manny Flores

Judging by the budget debate that took place yesterday, there's no doubt that members of Chicago's City Council have noticed the unprecedented tax increment financing (TIF) blowback that we chronicled this week.

PI Original
by Angela Caputo
3:44pm
Wed Dec 2, 2009
3 comments

The Local Benefits Of A State Income Tax Hike

State budget

The state of Illinois isn't the only taxing body reeling from dwindling revenue these days. Declining sales, property, and gaming receipts are blowing holes in municipal budgets across Illinois.  As a result, local officials are struggling to maintain basic ...

PI Original
by Angela Caputo
3:38pm
Tue Dec 1, 2009
4 comments

Chronicling The TIF Blowback

Chicago

Anyone who has been following the debate over tax increment financing (TIF) this past decade is probably rubbing their eyes in disbelief today.

PI Original
by Angela Caputo
3:22pm
Wed Nov 25, 2009
1 comment

Daley, TIF, And Your Higher Property Tax Bill

Richard Daley

Is Mayor Daley acting a little defensive these days or what? During a Tuesday press conference, he took a jab at the aldermen who are opposing
his $35 million property tax rebate gimmick, adding: "So the
politicians are saying: increase your property taxes and increase ...

PI Original
by Adam Doster
1:02pm
Tue Nov 24, 2009
1 comment

Aldermen Reject Daley's Property Tax Gimmick

Chicago City Council

Last week, we reported
on Chicago Ald. Joe Moore's (49th Ward) frustration with Mayor Daley's
gambit to yank $35 million from a reserve fund created by the parking
meter lease to refund some taxpayers between $25 and $200 on their
property tax bills. On the floor ...

PI Original
by Angela Caputo
12:46pm
Mon Nov 23, 2009

The Tribune Highlights "TIF Gone Wild"

Chicago

Last week, we credited 42nd Ward Ald. Brenden Reilly for his opposition to the proposed creation of a sixth tax increment financing (TIF) district in his booming downtown ward. Today, the Tribune editorial board chimed in, calling out Mayor Daley for attempting to exploit a ...

PI Original
by Adam Doster
12:07pm
Fri Nov 20, 2009
1 comment

Dept. Of Bad Headlines: Daily Herald Edition

Media

Take a look at this headline from today's Daily Herald:

Reading that, you might guess that the west suburban town of about
150,000 passed a referendum opposing an income tax increase in
Illinois.  Or perhaps someone polled Naperville residents' on the
various ...