This presentation was made August 27, 2013 at the Belding Elementary School in the 39th Ward. The TIF Illumination Project is an all-volunteer effort at http://www.tifreports.com. It is a work of the CivicLab.. If you would like your own copy of this presentation that shows all the data from this ward as well as examples from the TIF Hall of Shame, please visit The TIF Data Store @ http://tinyurl.com/TIF-Data-Store. The TIF Illumination Project is 100% volunteer driven but we have serious monthly expenses to operate the CivicLab, our home, plus we’d like to build an online platform to make this information easy to access. Thanks! Contact = info@civiclab.us www.civiclab.us www.tifreports.com

1. August 27, 2013
Tom Tresser

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RED =
One Ward
Full Town
Meeting
BLUE =
Multiple-
Ward
Meeting

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5. 5

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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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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

9. Better Government Association 9

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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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Where are TIFs?
• All over Chicago and Cook
County = 435 TIFs in 2012
• 154 in city of Chicago
{Was 163 - 9 terminated in 2012}
• Additional 281 in suburban
Cook County

13. Where are TIFs?
TIF 101 13

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Where are TIFs?

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How Much Revenue Do TIFs Collect?

16. How Much Revenue Have TIFs Collected?
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Ouch!
Source: Cook County Clerk

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How Much Revenue Do TIFs Collect?
2012 TOTAL TIF REVENUE FOR COOK COUNTY
City of Chicago
TIFs diverted $457 MILLION
Suburban Cook County where
83 municipalities have TIFs
TIFs diverted $266 MILLION
TOTAL FOR 2012 = $723 MILLION

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How Much Revenue Have TIFs Collected
Since TIFs Introduced Here?

19. How Much Revenue Do TIFs Collect?
TIFs extracted $454 million in 2011.
That # is 53% of the TOTAL amount
of property taxes that went to the city
for its operations!
TIF 101 19

20. • We are told that TIFs have NO impact on our property taxes.
• This bill is from a property inside the Englewood TIF.
• It shows “0.00” impact on this person’s bill. Nothing.

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The civics books
say our property
taxes are distributed
like this…
But in 2011 our
property taxes in
Chicago were
REALLY distributed
like this…

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23. Click here to open the
163 2011 PDF Annual
Reports. One by one.
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Repeated for 154
2012 Annual Reports.

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THE CITY HAD
$1.7 BILLION IN
UNSPENT TIF
FUNDS AT THE END
OF 2011 and 2012!

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What are TIFs doing to us?

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THE TIFS OF THE 39th WARD
45%
94%
99%
83%
95%

29. You can get this full presentation online at the TIF Data Store at
http://tinyurl.com/TIF-Data-Store. The full presentation contains this data:
- how many TIFs in the ward
- estimation of TIF property tax extraction from TIFs in the ward for latest
year
- if a TIF is 100% or close to 100% in ward, lifetime property tax
extraction
- how much money left in those TIF accounts FROM the ward
- what projects funded by TIFs in the ward
- examples from the TIF Hall of Shame
If this information is valuable to you, please sign up for our mailing list at
http://tinyurl.com/SignUp-CivicLab. If you are in Chicago and need a
place to work - consider co-working at the Lab!
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Please support the work of the CivicLab by making a deductible
contribution via our fiscal agent, the Investigative News Network, at
http://tinyurl.com/SupportTheLab-INN.
Find out more - info@civiclab.us.

30. You can get presentations from ALL our TIF Illuminations online
at the TIF Data Store at http://tinyurl.com/TIF-Data-Store. The full
presentation contains this data:
- how many TIFs in the ward
- estimation of TIF property tax extraction from TIFs in the ward
for latest year
- if a TIF is 100% or close to 100% in ward, lifetime property tax
extraction
- how much money left in those TIF accounts FROM the ward
- what projects funded by TIFs in the ward
- examples from the TIF Hall of Shame
If this information is valuable to you, please sign up for our
mailing list at http://tinyurl.com/SignUp-CivicLab. If you are in
Chicago and need a place to work - consider co-working at the
Lab!
Please support the work of the CivicLab by making a deductible
contribution via our fiscal agent, the Investigative News Network,
at http://tinyurl.com/SupportTheLab-INN. Find out more -
info@civiclab.us.
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