The TIFs of The 19th Ward


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Tom Tresser brought the TIF Illumination Project - - to the 19th Ward on August 6, 2013.

If you would like your own copy of this presentation that shows all the data from this ward as well as examples from the TIF Hall of Shame, please visit The TIF Data Store @ The TIF Illumination Project is 100% volunteer driven but we have serious monthly expenses to operate the CivicLab, our home, plus we’d like to build an online platform to make this information easy to access. Thanks!

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The TIFs of The 19th Ward

  1. 1. August 6, 2013 Tom Tresser
  2. 2. 3 What are TIFs?
  3. 3. 4 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
  4. 4. 5 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
  5. 5. Better Government Association 6
  6. 6. 7
  7. 7. 8
  8. 8. 9 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).
  9. 9. 10 Where are TIFs? • All over Chicago and Cook County = 435 TIFs in 2012 • 154 in city of Chicago {Was 163 - 9 terminated in 2012} • Additional 281 in suburban Cook County
  10. 10. Where are TIFs? TIF 101 11
  11. 11. 12 Where are TIFs?
  12. 12. 13 How Much Revenue Do TIFs Collect?
  13. 13. 14 How Much Revenue Do TIFs Collect? 2012 TOTAL TIF REVENUE FOR COOK COUNTY City of Chicago TIFs diverted $457 MILLION Suburban Cook County where 83 municipalities have TIFs TIFs diverted $266 MILLION TOTAL FOR 2012 = $723 MILLION
  14. 14. 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 15
  15. 15. How Much Revenue Have TIFs Collected? 16 Ouch! Source: Cook County Clerk
  16. 16. How Much Revenue Have TIFs Collected? 17
  17. 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.
  18. 18. 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…
  19. 19. 20 Click here to open the 163 PDF annual reports. One by one.
  20. 20. 21
  21. 21. 22
  22. 22. 23 THE CITY HAD $1.7 BILLION IN UNSPENT TIF FUNDS AT THE END OF 2011 and 2012!
  23. 23. 24 What are TIFs?
  24. 24. You can get this full presentation online at the TIF Data Store at 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 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 25 Find out more -