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Tax Increment Financing

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City of Chicago FY2025 Roadmap: Key Financial Challenges, Options and Recommendations

Click here to read the full report.Click here to read the executive summary.…

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Cook County TIF Revenue Continues Record Growth

A report released by the Cook County Clerk in November 2023 found that revenue from tax increment financing (TIF)…

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Addressing the Financial Entanglements Between the City of Chicago and Chicago Public Schools

With the upcoming implementation of an elected school board to oversee Chicago Public Schools, the governance of CPS will be separated from the City of Chicago. The 21-member elected school…

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New Report Shows Record Revenue from Chicago TIFs, Declines in Suburbs

A report released by the Cook County Clerk last month found that revenue from TIF districts increased to a record $1.6 billion for FY2021,…

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How the City of Chicago Uses Tax Increment Financing Surplus

The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.…

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Red Line transit TIF sets off debate on transportation funding

This article examines a new transit tax increment financing (TIF) district that will help fund the Chicago Transit Authority red line modernization. Laurence Msall, President of the Civic Federation, acknowledges that this is a creative…

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Civic Federation Supports FY2017 CTA Budget

Budget holds fares flat despite increased expenses and lower revenues (CHICAGO) In an analysis released today, the Civic Federation announced its support for the Chicago Transit Authority’s proposed FY2017 operating budget of $1.52…

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Coverage on the City of Chicago FY2017 Budget Release and Chicago Public Schools Finances

Following Mayor Rahm Emanuel’s FY2017 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters about the finances of both the City of Chicago and Chicago Public Schools. He called the Mayor’s proposed budget…

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Chicago mayor buys peace with teachers, fiscal impact uncertain

This article reports on a tentative contract deal reached between the Chicago Public Schools and the Chicago Teachers Union. Civic Federation President Laurence Msall notes that CPS should not rely on TIF surplus funds, because they are…

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FY2016 Budget Season Summary

FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…