Record $1B TIF surplus emerges as key point of friction in Mayor Johnson’s proposed 2026 budget – Chicago Sun-Times
Ald. Jason Ervin, the Budget chair, joined the avalanche of opposition, noting that 70 percent of the TIF surplus is “coming out of socially economically disadvantaged areas” like his own West Side ward.
“They’re finally starting to realize that any form of revenue, especially given the deficit we’re facing, should be on the table. And this would generate anywhere between $30 million to $40 million,” Ald. Gilbert Villegas said.
Staff at the elections board fined Harmon’s campaign $9.8 million earlier this year following a report that Harmon improperly accepted $4 million more than was allowed during the 2024 election. Harmon appealed, which sent the matter to a hearing officer, who recommended that the fine stand.
…with most examples being public school teachers or in Chicago.