Pedro Martinez showcases TIF funding for CPS schools in North Lawndale amid CTU strife – Chicago Tribune/Yahoo

After accounting for upcoming obligations, the city decides annually how much extra TIF money to surplus. Surplus TIF revenues are divvied up proportionally to each taxing district: CPS is the biggest beneficiary. Mayor Brandon Johnson’s 2024 budget included a record TIF surplus of $433.8 million, over half of which went to CPS. The city’s cut of that was $100 million.

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