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June 5, 2013 
Tom Tresser
2 
www.civiclab.us
3
In the evening – open enrollment workshops on all things civic... 
4 
“TIF 101” 
“Vegan Cooking”
Watch the 2 ½ minute promo @ http://tinyurl.com/TIF-101-promo-YT 
5
6 
What are TIFs?
7 
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
8 
What are TIFs? 
Under state law, areas proposed for TIF designation 
must possess numerous blighting factors to be 
eligible: 
• Age 
• Obsolescence 
• Code violations 
• Excessive vacancies 
• Overcrowding of facilities
Better Government Association 9
10
11 
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).
12 
Where are TIFs? 
• All over Chicago and Cook 
County = 443 TIFs in 2011 
• 163 in city of Chicago 
• Additional 280 in suburban 
Cook County
Where are TIFs? 
TIF 101 13
14 
Where are TIFs? 
Source: Cook County Clerk
15 
How Much Revenue Do TIFs Collect? 
Source: Cook County Clerk
16 
How Much Revenue Do TIFs Collect? 
2011 TOTAL TIF REVENUE FOR COOK COUNTY 
City of Chicago 
TIFs diverted $454 MILLION 
Suburban Cook County 
TIFs diverted $275 MILLION 
TOTAL FOR 2011 = $729 MILLION
How Much Revenue Do TIFs Collect? 
TIFs extracted $454 million in 2011. 
That # is 53% of the TOTAL amount 
of property taxes that went to the city 
for its operations! 
TIF 101 17
• 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.
19 
The civics books 
say our property 
taxes are distributed 
like this… 
But in 2011 our 
property taxes in 
Chicago were 
REALLY distributed 
like this…
How Much Revenue Do TIFs Collect? 
Ouch! 
$4.5 BILLION 
DIVERTED 
SINCE 1986! 
TIF 101 20
21 
How Much Revenue Do TIFs Collect?
22
23 
Click here to open 
the 163 PDF 
annual reports. 
One by one.
24
25
26 
THE CITY HAD 
$1.7 BILLION IN 
UNSPENT TIF FUNDS 
AT THE END OF 2011!
27 
What are TIFs?
You can get this full presentation online at the TIF Data Store at 
http://tinyurl.com/TIF-Data-Store. The full presentation contains this 
data: 
- how many TIFs in the ward 
- estimation of TIF property tax extraction from TIFs in the ward for 
latest year 
- if a TIF is 100% or close to 100% in ward, lifetime property tax 
extraction 
- how much money left in those TIF accounts FROM the ward 
- what projects funded by TIFs in the ward 
- examples from the TIF Hall of Shame 
If this information is valuable to you, please sign up for our mailing 
list at http://tinyurl.com/SignUp-CivicLab. If you are in Chicago and 
need a place to work - consider co-working at the Lab! 
Please support the work of the CivicLab by making a deductible 
contribution via our fiscal agent, the Investigative News Network, at 
http://tinyurl.com/SupportTheLab-INN. 
28 
Find out more - info@civiclab.us.
29 
www.civiclab.us 
www.tifreports.com

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The TIFs of the 11th & 12th Wards

  • 1. June 5, 2013 Tom Tresser
  • 3. 3
  • 4. In the evening – open enrollment workshops on all things civic... 4 “TIF 101” “Vegan Cooking”
  • 5. Watch the 2 ½ minute promo @ http://tinyurl.com/TIF-101-promo-YT 5
  • 6. 6 What are TIFs?
  • 7. 7 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
  • 8. 8 What are TIFs? Under state law, areas proposed for TIF designation must possess numerous blighting factors to be eligible: • Age • Obsolescence • Code violations • Excessive vacancies • Overcrowding of facilities
  • 10. 10
  • 11. 11 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).
  • 12. 12 Where are TIFs? • All over Chicago and Cook County = 443 TIFs in 2011 • 163 in city of Chicago • Additional 280 in suburban Cook County
  • 13. Where are TIFs? TIF 101 13
  • 14. 14 Where are TIFs? Source: Cook County Clerk
  • 15. 15 How Much Revenue Do TIFs Collect? Source: Cook County Clerk
  • 16. 16 How Much Revenue Do TIFs Collect? 2011 TOTAL TIF REVENUE FOR COOK COUNTY City of Chicago TIFs diverted $454 MILLION Suburban Cook County TIFs diverted $275 MILLION TOTAL FOR 2011 = $729 MILLION
  • 17. How Much Revenue Do TIFs Collect? TIFs extracted $454 million in 2011. That # is 53% of the TOTAL amount of property taxes that went to the city for its operations! TIF 101 17
  • 18. • 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.
  • 19. 19 The civics books say our property taxes are distributed like this… But in 2011 our property taxes in Chicago were REALLY distributed like this…
  • 20. How Much Revenue Do TIFs Collect? Ouch! $4.5 BILLION DIVERTED SINCE 1986! TIF 101 20
  • 21. 21 How Much Revenue Do TIFs Collect?
  • 22. 22
  • 23. 23 Click here to open the 163 PDF annual reports. One by one.
  • 24. 24
  • 25. 25
  • 26. 26 THE CITY HAD $1.7 BILLION IN UNSPENT TIF FUNDS AT THE END OF 2011!
  • 27. 27 What are TIFs?
  • 28. You can get this full presentation online at the TIF Data Store at http://tinyurl.com/TIF-Data-Store. The full presentation contains this data: - how many TIFs in the ward - estimation of TIF property tax extraction from TIFs in the ward for latest year - if a TIF is 100% or close to 100% in ward, lifetime property tax extraction - how much money left in those TIF accounts FROM the ward - what projects funded by TIFs in the ward - examples from the TIF Hall of Shame If this information is valuable to you, please sign up for our mailing list at http://tinyurl.com/SignUp-CivicLab. If you are in Chicago and need a place to work - consider co-working at the Lab! Please support the work of the CivicLab by making a deductible contribution via our fiscal agent, the Investigative News Network, at http://tinyurl.com/SupportTheLab-INN. 28 Find out more - info@civiclab.us.