Nearly a third of city property tax collections diverted into special taxing districts – Chicago Tribune

Nearly a third of property taxes now collected by City Hall go into 143 special taxing districts controlled by Mayor Rahm Emanuel and aldermen, according to a new report by Cook County Clerk David Orr.

Orr said a record-high $660 million poured into tax-increment financing funds last year, which was more than 31 percent of the $2.1 billion-plus that city government collected. The veteran clerk called the percentage “stunning.”

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