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PI Original
by Ellyn Fortino
4:34pm
Mon Aug 31, 2015

Analysis: Chicago's TIF Program Had $1.4 Billion In Unspent Funds At Start Of 2015

A recent review of city documents shows Chicago's 150 tax increment financing districts had over $1.4 billion sitting in their collective bank accounts at the start of 2015. The review, by the TIF Illumination Project, comes as the cash-strapped city faces large budget and pension issues.

PI Original
by Ellyn Fortino
2:19pm
Wed Jun 10, 2015

CTU Members, Allies Rally For Fair Contract, Progressive State Revenue Options (VIDEO)

Progress Illinois provides highlights from the Chicago Teachers Union's Tuesday rally for a "fair contract," during which participants also called for "fair-share" revenue solutions to tackle the fiscal issues facing the city and state.

PI Original
by Ellyn Fortino
12:58pm
Tue Jan 13, 2015

Garcia Talks Public Transit, TIF & Red Light Cameras At U Of C

At a Monday night talk at the University of Chicago's Institute of Politics, Chicago mayoral candidate Jesus "Chuy" Garcia reiterated his support for scaling back the city's red light camera and tax increment financing (TIF) programs as well as his desire to boost investments in public transportation. Progress Illinois provides highlights from the discussion.

PI Original
by Ellyn Fortino
5:43pm
Wed Jan 7, 2015

Fioretti Talks Ride-Sharing Safety, Ethics & Policing At U of C

Progress Illinois provides highlights from Ald. Bob Fioretti's Monday talk about his Chicago mayoral bid a the University of Chicago's Institute of Politics.

PI Original
by Ellyn Fortino
2:30pm
Wed Nov 19, 2014

Chicago City Council Passes Emanuel's 2015 Budget; Four Aldermen Object

The Chicago City Council voted 46-4 to approve Mayor Rahm Emanuel's 2015 budget. Progress Illinois provides highlights from the council debate on the $7.3 billion spending plan.

Quick Hit
by Ellyn Fortino
2:19pm
Thu Nov 13, 2014

'Chuy' Garcia Talks Race, Inequality In Chicago; Supports Graduated State Income Tax

Chicago mayoral candidate and Cook County Commissioner Jesus "Chuy" Garcia stressed his support for a graduated state income tax at a Thursday morning University of Illinois at Chicago (UIC) panel discussion on race and inequality.

Garcia said property taxes, which are a major source of revenue for public education in the city and state, are "very regressive in terms of how they affect the general population" and are "not the best source to fund schools."

"A fairer system of taxation would be a graduated state income tax, or something that is more progressive tied to an income tax," Garcia said in a follow-up with reporters after the talk, which was sponsored by UIC's Great Cities Institute. "I think that is a much more sustainable funding source for schools, for human services and things of that nature. I think it's one that we really need to look at. States that have that type of progressive taxation tend to have better-funded school systems and less disparities in education."

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