Quick Hit Adam Doster Thursday June 17th, 2010, 12:13pm

Protecting The Schools From TIF

Right on the heels of our article noting the latest tax increment financing (TIF) reform activism in Chicago, the Reader's Ben Joravksy published a related piece yesterday on the newly-formed Raise Your Hand (RYH) coalition. The city's most dogged TIF reporter talked to a few parents involved in the organization, who offered more specifics about how they want to see the system changed to exempt the Chicago Public Schools from having their tax revenue siphoned off into TIF accounts.

I talked to Goldman this morning to get a clarification on RYH's proposal. While the organization originally told Joravsky that the state's TIF statute would need to be revised to exempt CPS, he now thinks it might be possible for city officials to achieve the same outcome by amending the ordinance that establishes each TIF district. 

Regardless of the level of government, Goldman believes that there won't be any action without Mayor Daley's blessing, which is why the organization is still requesting a meeting with his administration on the issue.  Joined by State Rep. and Democratic Cook County commissioner candidate John Fritchey, the coalition pressed the mayor again outside the Thompson Center this morning. Watch:

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