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Posts tagged "tif"

Race, poverty and politics: Health exchange in limbo; subsidized child care at risk; Obama supports gay marriage; TIF reform?

The Illinois General Assembly is not expected to make any moves to create a state-run health care exchange, Crain’s reported on Thursday. Sources on both sides of the aisle in the statehouse said the inactivity is due to the pending Supreme Court decision on the constitutionality of the President Barack Obama’s sweeping health care law... Read more »
By Nick Moroni,
May 11, 2012 at 1:46 pm
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Politics in review: Election results keep rolling in; West Side TIF zone gets $1M facelift; bringing out the big guns?

Here’s a rundown of the elections and political news The Chicago Reporter was discussing this week: More than a week after Illinois’ March 20 primary, more results have come in. In the 7th District statehouse race in west Cook County, Emanuel “Chris” Welch edged past his challenger, Rory Hoskins, by 36 votes. Welch, a lawyer... Read more »
By Nick Moroni,
April 6, 2012 at 11:29 am
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Three days left for TIF reform in the veto session

Three days left for TIF reform in the veto session
Tuesday, Wednesday and Thursday. Those are the three days left in the Illinois General Assembly’s fall veto session. What hangs in the balance? Tax Increment Financing District, or TIF, reform. Under SB540, state Sen. Dan Kotowski is proposing to add a new layer of state oversight as a check on the way municipalities approach TIF... Read more »
By MeganCottrell,
November 8, 2011 at 4:03 pm
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More calls for using TIF dollars to shore up deficit-riddled budgets

More calls for using TIF dollars to shore up deficit-riddled budgets
It’s budget season in Chicago, and the numbers aren’t pretty: The operating deficits for Chicago Public Schools and the city’s next spending plans are $712 million and $636 million, respectively. School administrators are trying to close their gap “by collecting $150 million more in property taxes, making programmatic and administrative cuts, laying off supplemental teachers... Read more »
By Micah Maidenberg,
August 18, 2011 at 4:37 pm
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Feds take a leaf out of Chicago's play book with tax benefits for wealthy neighborhoods

If you’ve heard complaints about Chicago’s Tax Increment Financing program, it’s probably this: a measures designed to help “blighted” neighborhoods is used to line the pockets of wealthy businessmen. But a new investigation from Bloomberg news says this kind of corruption isn’t just the Chicago way. Uncle Sam has now followed suit, shows Bloomberg, with... Read more »
By MeganCottrell,
February 9, 2011 at 8:25 pm
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Cocktails and current events: Come to The Chicago Reporter's issue release party

If you’ve been on the search for the smartest cocktail party in Chicago, look no further. Come to The Chicago Reporter’s Drop party, where we release our latest issue, enjoy fine beverages and appetizers. Guaranteed you’ll meet some intelligent, interesting people who care about our city as much as you do. Join us at M... Read more »
By MeganCottrell,
January 21, 2011 at 12:23 pm
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Chicago's mayor candidates play 'Jenny from the block,' but who's got the guts to actually help poor folks?

All the candidates who hope to be Chicago’s next mayor love to spend time telling us why they’re better than the next guy. But lately, they’ve entered into a new competition–one that seems a little ridiculous at times–who’s more “street” than the next guy. Today’s Chicago Tribune chronicles the ways each candidate tries to claim... Read more »
By MeganCottrell,
January 10, 2011 at 1:24 pm
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News Roundup: Local Chicago businesses show signs of recovery

The neighborhood around Ford’s South Side assembly plant was hit hard two years ago after the recession caused the plant to lay off 800 workers. Now, with the recent addition of 1200 jobs, the area is showing signs of recovery. Economic indicators show that the nation is slowly recovering, calming fears of a “double dip”... Read more »
By CRIntern,
November 29, 2010 at 12:49 pm
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News Roundup: Measure to extend jobless benefits fails to pass the House vote.

While Illinois unemployment rate crept down last month, the state remains plagued by unemployment in the country’s tepid economic recovery. While the federal unemployment benefits are set to run out over the holiday season, a measure to extend the benefits failed to pass with the two-thirds majority required by the tactic used to bring the... Read more »
By CRIntern,
November 22, 2010 at 11:31 am
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News Roundup: Chicago's mayoral contenders officially climb into the ring

Congressman Danny Davis, Rev. James Meeks, former Chicago Board of Education President Gery Chico, and former White House Chief of Staff Rahm Emanuel lined up outside of the Chicago Board of Elections early this morning to officially kick off the municipal election season. They brought with them their nominating petitions and stacks of thousands of... Read more »
By CRIntern,
November 15, 2010 at 12:15 pm
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