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Tax Increment Financing

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Chicago TIFs Will Collect $520 Million for Tax Year 2009

A new report on Cook County Tax Increment Financing (TIF) districts was released today by Cook County Clerk…

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Civic Federation 2011 Legislative Priorities

The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois International Port District, creating a…

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City of Chicago FY2011 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to…

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Civic Federation: FY2011 Chicago Budget Does Not Address City's Structural Deficit

The Civic Federation announced today that it opposes the $6.2 billion FY2011 City of Chicago budget because it does not do enough to address the City’s structural deficit. Instead it relies upon long-term asset lease funds and other non-…

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DuPage County Budget Cuts Expenditures, Maintains Services

Civic Federation Supports FY2011 Budget, Urges More Complete Planning Process  Citing DuPage County’s plan to cut expenditures by 3.0% while pledging to maintain core services, the Civic Federation announced today that it supports the…

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DuPage County Proposed FY2011 Budget: Analysis and Recommendations

The Civic Federation supports the DuPage County FY2011 proposed operating budget of $459.4 million. The County is reducing operating expenditures for the second year in a row while pledging to maintain the existing level of service and…

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The Effect of TIF Districts on Property Tax Rates in Cook County

Tax increment financing (TIF) districts do not freeze property tax revenue available to other taxing districts in Cook County; the principal effect of TIF is to raise tax rates higher than they otherwise would have been.…

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Why Is It So Difficult to Predict Changes in Property Tax Bills?

Cook County second installment property tax bills are expected to come out late…

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New Civic Federation Property Tax Primer Teaches Tax Extension Basics

Explains Effect of TIF on Local Governments in Cook County (CHICAGO) The Civic Federation released today the third in a series of four primers that explain how the property tax system in Cook County works—and doesn’t work. “Property Tax…

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The Cook County Property Tax Extension Process: a Primer on Levies, Tax Caps, Tax Bills and the Effects of Tax Increment Financing Districts

The purpose of this report is to describe how property taxes are extended in Cook County, Illinois. It defines tax extension, explains the mechanics of calculating rate limits and tax caps, and describes the effects of Tax Increment…