Work Starts On $33.5 Million Affordable Housing Development At Long-Vacant Earle School In Englewood – Block Club Chicago

Earlier this year, city officials approved up to $4.2 million in tax-increment financing and $540,000 in Multi-Family TIF to help fund the project. In addition to TIF dollars, the Illinois Housing Authority approved $17.5 million in funding to support the development, and ComEd committed over $250,000 in energy-efficient incentives.
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Hello, Indiana!
1 year ago

Is Com Ed’s commitment coming out of their collection of myriad , nebulous taxes that appear on every bill?

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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