Another day, another example of City Council balking at Lightfoot’s plan to chip away at aldermanic prerogative – Chicago Sun-Times

This time, the point of contention was the mayor’s plan to abolish four tax-increment-financing districts as part of declaring a record $300 million TIF surplus to help balance the city budget and bankroll the new teachers contract.

Three TIFs — Harlem Industrial, Pershing/King and South Works Industrial — were abolished without controversy by the City Council’s Finance Committee.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE