This presentation was the 35th TIF town meeting or Illumination by the TIF Illumination Project (http://www.tifreports.com) on July 23, 2015. The event was organized by 35th Ward Neighbors United. If you want the TIFs of YOUR community Illuminated, please contact info@tifreports.com. Note - this presentation contains an overview of TIFs in Chicago and Illinois but the particulars of the 35th Ward are NOT in this file. If you want the FULL deck, you'll have to contribute $5.00 to support our work and get the file via our TIF Data Store at http://www.tifreports.com/store and select “TIF Illumination” and then you can browse for the 35th Ward presentation.

1. July 23, 2015
Tom Tresser
312-804-3230 – tom@civiclab.us

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Key Policy Questions
1. Under what circumstances do we give public $ to private
business?
2. Who plans what for whom? AKA, What defines
“community development”?
3. Are we broke?
4. Who’s watching our back?

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What are TIFs?

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What are TIFs?
• Created by municipality (state
statute)
• Boundaries cross political and
community boundaries
• Designed to subsidize some
business project in “blighted” or
under-served area
• Captures “incremental” property
taxes ABOVE base when district
was created
• Lasts 23 years

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How Do TIFs Work?
When the TIF is created,
the city tallies up all the
property taxes
generated by district in
that year (called the
"base" amount). After
that, all property tax
increases above the
base (the "increment")
are channeled to the TIF
district.
The property taxes
collected from
properties inside the
district BEFORE the
district was created
that go to units of
government stays
FLAT for the life of the
TIF (23 years).

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Money From TIFs Taken From?

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What are TIFs?
Under state law, areas proposed for TIF designation
must possess numerous blighting factors to be
eligible:
• Age
• Obsolescence
• Code violations
• Excessive vacancies
• Overcrowding of facilities

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TIFs Used to support commercial projects in
these “Blighted” Areas
40 S. Halsted
Apple Store

10. 10Better Government Association

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Mr. TIF

16. It’s an Illinois thing…

17. To sum up:
 TIFs = property taxes
 Increment $ collected by TIF
 Run by city
 Lasts 23 years
 Blight & “But for” conditions
 Hard to track
 BIG deal in Chicago & Illinois

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What are TIFs doing to us?

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That’s all we’re going to show you in this free
version of the presentation. If you want the FULL
deck with the particulars of the 8 TIFs of the 35th
Ward we’re going to ask for a contribution via our
TIF Data Store. Just click over to
http://www.tifreports.com/store and select “TIF
Illumination” and then you can browse for the 35th
Ward presentation.

22. TIF FUNDS IN THE 2nd WARD
UPDATE - $55 MILLION TIF
FUNDING SHIFTED TO
MARRIOTT HOTEL FROM
DePAUL STADIUM.
PIER AUTHORITY TO PUT UP
$100 MILLION FOR
STADIUM PROJECT!

23. SERVING UP TIF FUNDS IN THE
3rd WARD

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4TH WARD TIF CONTROVERSY

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TIF FUNDS IN LINCOLN PARK

26. TIF FUNDS IN THE 46th WARD
Lincoln
Park

27. 11th WARD - DO YOU WANT SOME
MUSTARD WITH THAT TIF?

28. WHERE ARE PARKS MOST NEEDED?

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TIF FUNDS IN THE 9th WARD

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1.
TIFs hoard taxes in
prosperous communities
– starve poor
communities.

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Authors plead "Our
message is simple:
'Please, please, if you're
going to offer incentives,
don't give them to every
firm that asks -- Don't!
Ninety percent of the
time they don't work, and
handing them out after a
company has already
located in an area
without them makes no
sense at all."

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http://tinyurl.com/TIP-Crowdfunding-Campaign