More Than $1B in Chicago Property Tax Revenues Claimed by TIF Funds in 2020: Report – WTTW (Chicago)

The burst of additional TIF revenue will ease the city’s budget crisis by allowing Mayor Lori Lightfoot to declare $271.6 million in TIF funds to be in surplus, sending $67 million to the city’s corporate fund and $150 million to the Chicago Public Schools, with the remaining amount heading to other taxing districts.