Mendoza wants lawmakers to restrict use of TIF funds – Capitol News IL

Chicago's lobbyist, John Arena, said that sweeping TIF funds is a key tool the city uses to avoid more harmful financial decisions. “This would deprive local taxing bodies of revenues that they could otherwise use to address budget shortfalls, infrastructure needs, and programming taxpayers rely on for Chicago,” Arena said. “That is a terrible limitation on revenue management. The bill would result in tax increases, service cuts, or both for schools, parks, and other taxing bodies.”