The truth about TIFs: Chicago’s secret property tax hikes – The Last Ward

"Per state law, any TIF 'surplus' must be distributed proportionally to local governments. ... (Mayor Brandon) Johnson is pushing the higher, $1 billion sweep so CPS can then turn around and make a $175 million pension payment back to the city. This is exemplary of the shell games at play with TIF, which ultimately moves money in circles, obscuring who is taxing whom—and why."

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