CHICAGO–(ENEWSPF)–August 23, 2015. A review of the 2014 annual reports of the City’s 150 Tax Increment Financing Districts by volunteers with the TIF Illumination Project revealed some startling facts about local government finance:
The total fund balance at the end of 2014, that is, all property tax dollars sitting in TIF accounts was $1,442,450,590(a decrease from the $1.71 billion left in TIF accounts from the year prior). The TIF Illumination Project has issued a…
