Introduction to the CivicLab & The TIF Illumination Project
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December 10, 2014 Tom Tresser
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The CivicLab is America's only co-working space dedicated to collaboration, education and innovation for social justice and civic engagement. We are in Chicago's West Loop at 114 N. Aberdeen Street. Rent a desk here for $200/month! http://www.civiclab.us.
Transcript of Introduction to the CivicLab & The TIF Illumination Project
December 10, 2014Tom Tresser
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www.civiclab.us
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In the evening – open enrollment workshops on all things civic...
“TIF 101”
“Vegan Cooking”
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What are TIFs?
• Created by municipality (state
statute)
• Boundaries cross political and
community boundaries
• Designed to subsidize some
business project in “blighted” or
under-served area
• Captures “incremental” property
taxes ABOVE base when district
was created
• Lasts 23 years
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How Do TIFs Work?When the TIF is created,
the city tallies up all the
property taxes
generated by district in
that year (called the
"base" amount). After
that, all property tax
increases above the
base (the "increment")
are channeled to the TIF
district.
The property taxes
collected from
properties inside the
district BEFORE the
district was created
that go to units of
government stays
FLAT for the life of the
TIF (23 years).
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Where are TIFs?
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How Much Revenue Do TIFs Collect?
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How Much Revenue Have TIFs Collected?
Ouch!
Source: Cook County Clerk
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154 TIF districts in Chicago.
2012 extraction = $457 million.
281 TIF districts in suburban Cook
County.
2012 extraction = $266 million.
435 TIFs. $723 million.
Grand total property taxes
extracted all of Chicago TIFs
since inception (1986) = $5 billion+
Grand total property taxes
extracted all of Cook County TIFs
since inception = $10 billion
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Click here to open
the 154 PDF
annual reports.
One by one.
KINZIE
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THE CITY HAD
$1.7 BILLION IN
UNSPENT TIF FUNDS
AT THE END OF 2013!
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First ward selected for investigation = 27th Ward, Near North Side – 12 TIFs
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What is the story in the 27th Ward?
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We also show ward boundaries, TIF
shapes, TIF funded projects, CPS
schools closed & schools cut.
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The civics books
say our property
taxes are distributed
like this…
But in 2011 our
property taxes in
Chicago were
REALLY distributed
like this…
• We are told that TIFs have NO impact on our property taxes.
• This bill is from a property inside the Englewood TIF.
• It shows “0.00” impact on this person’s bill. Nothing.
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TIF FUNDS IN THE 9th WARD
TIF FUNDS IN THE 46th WARD Lincoln
Park
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RED =
One Ward
Full Town
Meeting
BLUE =
Multiple-
Ward
Meeting
The 27th Ward TIFs 30
The 27th Ward TIFs 31
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http://tinyurl.com/Empty-All-TIFs
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Volunteer TIF Illuminators Testify…
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