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Quick Hit
by Ellyn Fortino
5:29pm
Tue Jul 14

Chicago TIF Revenue Drops 12 Percent, Seven Districts Slated For Early Termination

The seven downtown Chicago tax increment financing (TIF) districts that Mayor Rahm Emanuel plans to phase out have together collected $869 million in revenue since their inception, according to figures provided by Cook County Clerk David Orr.

Just in the last year, the seven TIF districts had combined revenues of $93 million.

Those numbers were contained in Orr's 2014 TIF report released Monday, the same day news broke that the city will be shutting down seven downtown TIF districts after current project balances have been paid in full. As part of Emanuel's TIF changes -- which were announced as both the city and school district grapple with large pension and budgetary issues -- no new spending in the seven TIF districts will occur.

The Chicago Public Schools (CPS) is expected to get $125 million in revenue over five years under the plan to shutter the TIF districts, and the city will receive $50 million. Other funds will be set aside for "emergency infrastructure projects."

"Chicago and the mayor are moving in the right direction by freezing new spending at some downtown TIFs and dissolving those TIFs when current projects have ended," Orr said in a press release. "Still, such scrubbing is overdue and it could certainly include more than seven of 148 TIFs."

Quick Hit
by Ellyn Fortino
5:05pm
Tue Jul 14

Chicago Education Coalition Demands Meeting With Emanuel Over Dyett High School's Future

Chicago education activists took to City Hall Tuesday to demand a meeting with Mayor Rahm Emanuel over the future of the South Side's Dyett High School campus.

The activists were with the Coalition to Revitalize Dyett High School, one of three groups behind separate proposals to reopen the now-closed school, located at 555 E. 51st St.

Back in 2012, the Chicago Board of Education voted to phase out Dyett due to poor academic performance. The school, located in the Washington Park community, closed in June after its final senior class of just 13 students graduated.

For nearly two years, the coalition has been advocating for its community-driven plan to turn Dyett into a "global leadership and green technology" open-enrollment high school. Members of the coalition, spearheaded by the Kenwood Oakland Community Organization, were also on the frontlines protesting the initial decision to phase out Dyett.

PI Original
by Ellyn Fortino
3:55pm
Mon Jul 13

'Moral Monday' Activists Engage In Civil Disobedience To Protest State Budget Cuts (VIDEO)

Six "Moral Monday" activists with Fair Economy Illinois participated in civil disobedience during a Monday morning protest in Chicago against state budget cuts. The "fair-share" revenue advocates brought their protest to the downtown office building of Morningstar, an investment research firm whose CEO is a wealthy Rauner donor.

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