Mayor Johnson’s record-setting $1 billion TIF surplus highlights issues and abuse of Chicago’s Tax Increment Financing districts – Illinois Policy

The consistent “surpluses” suggest that either many TIF districts do not need a significant amount of revenue for redevelopment projects, or that the city is abusing TIF districts in order to create a piggybank of funds for the city, school district, and other units of local government to pillage for increased spending without having to directly ask taxpayers for more money.