From Greg Hinz's post on Mayor Daley's preliminary FY 2011 budget for the City of Chicago:
[Daley budget director Eugene] Munin did put another of Mr. Daley's sacred cows -- TIFs -- definitely on the table.
Asked if the city will consider declaring up to $700 million in TIF reserves "surplus" and available for alternate use, Mr. Munin replied, "We're going to have that discussion."
Well, it's about time they discussed the issue. Learn about some other approaches to reining in Daley's tax increment financing (TIF) network here.