SlideShare uma empresa Scribd logo
1 de 22
Baixar para ler offline
November 3, 2015
Tom Tresser
2
3
Key Policy Questions
1. Under what circumstances do we give public $ to private
business?
2. Who plans what for whom? AKA, What defines
“community development”?
3. Are we broke?
4. Who’s watching our back? Need for new leaders.
4
What are TIFs?
5
What are TIFs?
• Created by municipality (state law)
• Designed to subsidize some business
project in “blighted” or under-served
area
• Captures “incremental” property taxes
ABOVE base when district was created
• Only for hard costs
• Lasts 23 years
• Supposed to be spent where collected
6
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).
7
Money From TIFs Taken From?
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
9
TIFs Usedto support commercial projects in these“Blighted”
Areas
40 S. Halsted
Apple Store
10Better Government Association
11
12
13
14
Where are TIFs?
2014
Chicago = 147
Suburbs = 286
Cook County = 433
15
16
Mr. TIF
The TIFs of the 21st Ward - 2015
To sum up:
 TIFs = property taxes
 Increment $ collected by TIF
 Run by city (mayor)
 Lasts 23 years
 Blight & “But for” conditions
 Hard costs
 Supposed to be spent where
collected
19
What are TIFs?
20
What are TIFs?
If you want the FULL deck of this presentation
including the details of the TIFs in 21st ward and
projects funded by TIFs then please click over to the
TIF Data Store at http://www.tifreports.com/store
and purchase this file for $5.00. The TIF Illumination
Project has been turned down ten times by funders.
It’s up to you to keep us alive.
21
DVD with 2 TIF training videos + 2 bonus tracks
Nifty TIF Illumination poster
22
www.tifreports.com
tom@civiclab.us
312-804-3230

Mais conteúdo relacionado

Destaque

Credentials eng
Credentials engCredentials eng
Credentials engDigitalBee
 
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]Anelin Montero
 
Relatório de balneabilidade nº 03 das praias de Santa Catarina
Relatório de balneabilidade nº 03 das praias de Santa CatarinaRelatório de balneabilidade nº 03 das praias de Santa Catarina
Relatório de balneabilidade nº 03 das praias de Santa CatarinaTudo Sobre Floripa
 
Resumo Gunther - QUESTIONARIO
Resumo Gunther - QUESTIONARIOResumo Gunther - QUESTIONARIO
Resumo Gunther - QUESTIONARIOAlessandra Galdo
 
High risk neonate
High risk neonateHigh risk neonate
High risk neonateOsama Arafa
 
La narración
La narraciónLa narración
La narraciónlclcarmen
 
Peritonitis
PeritonitisPeritonitis
PeritonitisDin Raj
 

Destaque (10)

Credentials eng
Credentials engCredentials eng
Credentials eng
 
chioma cv
chioma cvchioma cv
chioma cv
 
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]
Anexo circular 081 enams 2009 2010.dominio esperado 7 - 2[1]
 
Relatório de balneabilidade nº 03 das praias de Santa Catarina
Relatório de balneabilidade nº 03 das praias de Santa CatarinaRelatório de balneabilidade nº 03 das praias de Santa Catarina
Relatório de balneabilidade nº 03 das praias de Santa Catarina
 
Resumo Gunther - QUESTIONARIO
Resumo Gunther - QUESTIONARIOResumo Gunther - QUESTIONARIO
Resumo Gunther - QUESTIONARIO
 
High risk neonate
High risk neonateHigh risk neonate
High risk neonate
 
Presentation For Financial Accounting in Bcom Hons.
Presentation For Financial Accounting in Bcom Hons.Presentation For Financial Accounting in Bcom Hons.
Presentation For Financial Accounting in Bcom Hons.
 
Resumen del tema 2
Resumen del tema 2Resumen del tema 2
Resumen del tema 2
 
La narración
La narraciónLa narración
La narración
 
Peritonitis
PeritonitisPeritonitis
Peritonitis
 

Semelhante a The TIFs of the 21st Ward - 2015

TIFs In The 27th Ward
TIFs In The 27th WardTIFs In The 27th Ward
TIFs In The 27th WardTom Tresser
 
TIF 101 4-27-23
TIF 101 4-27-23 TIF 101 4-27-23
TIF 101 4-27-23 Tom Tresser
 
TIFs of the 7th Ward
TIFs of the 7th WardTIFs of the 7th Ward
TIFs of the 7th WardTom Tresser
 
The TIFs of The 33rd Ward
The TIFs of The 33rd WardThe TIFs of The 33rd Ward
The TIFs of The 33rd WardTom Tresser
 
TIFs in the 49th Ward
TIFs in the 49th WardTIFs in the 49th Ward
TIFs in the 49th WardTom Tresser
 
The TIFs of the 24th Ward
The TIFs of the 24th Ward  The TIFs of the 24th Ward
The TIFs of the 24th Ward Tom Tresser
 
The TIFs of Little Village
The TIFs of Little VillageThe TIFs of Little Village
The TIFs of Little VillageTom Tresser
 
The TIFs of Logan square
The TIFs of Logan squareThe TIFs of Logan square
The TIFs of Logan squareTom Tresser
 
TIFs of the 20th Ward
TIFs of the 20th WardTIFs of the 20th Ward
TIFs of the 20th WardTom Tresser
 
"TIF 101" for Cincinnati- 12-8-19
"TIF 101" for Cincinnati- 12-8-19"TIF 101" for Cincinnati- 12-8-19
"TIF 101" for Cincinnati- 12-8-19Tom Tresser
 
TIF of Wicker Park - 9-10-19
TIF of Wicker Park - 9-10-19TIF of Wicker Park - 9-10-19
TIF of Wicker Park - 9-10-19Tom Tresser
 
Aurora TIF meeting 11-4-23
Aurora TIF meeting 11-4-23 Aurora TIF meeting 11-4-23
Aurora TIF meeting 11-4-23 Tom Tresser
 
The TIFs of Hermosa
The TIFs of HermosaThe TIFs of Hermosa
The TIFs of HermosaTom Tresser
 
"TIF 101" - 6-15-16
"TIF 101" - 6-15-16"TIF 101" - 6-15-16
"TIF 101" - 6-15-16Tom Tresser
 
"TIF 101" - City Bureau 7-6-17
"TIF 101" - City Bureau 7-6-17"TIF 101" - City Bureau 7-6-17
"TIF 101" - City Bureau 7-6-17Tom Tresser
 
Overview of TIF and Recent TIF Law Changes
Overview of TIF and Recent TIF Law ChangesOverview of TIF and Recent TIF Law Changes
Overview of TIF and Recent TIF Law ChangesVierbicher
 
TIF_poster-27th_Ward
TIF_poster-27th_WardTIF_poster-27th_Ward
TIF_poster-27th_WardTom Tresser
 
Tax increment financing (TIF)
Tax increment financing (TIF)Tax increment financing (TIF)
Tax increment financing (TIF)Abdul saleem
 

Semelhante a The TIFs of the 21st Ward - 2015 (20)

TIFs In The 27th Ward
TIFs In The 27th WardTIFs In The 27th Ward
TIFs In The 27th Ward
 
TIF 101
TIF 101TIF 101
TIF 101
 
TIF 101 4-27-23
TIF 101 4-27-23 TIF 101 4-27-23
TIF 101 4-27-23
 
TIFs of the 7th Ward
TIFs of the 7th WardTIFs of the 7th Ward
TIFs of the 7th Ward
 
The TIFs of The 33rd Ward
The TIFs of The 33rd WardThe TIFs of The 33rd Ward
The TIFs of The 33rd Ward
 
TIFs in the 49th Ward
TIFs in the 49th WardTIFs in the 49th Ward
TIFs in the 49th Ward
 
The TIFs of the 24th Ward
The TIFs of the 24th Ward  The TIFs of the 24th Ward
The TIFs of the 24th Ward
 
The TIFs of Little Village
The TIFs of Little VillageThe TIFs of Little Village
The TIFs of Little Village
 
The TIFs of Logan square
The TIFs of Logan squareThe TIFs of Logan square
The TIFs of Logan square
 
TIFs of the 20th Ward
TIFs of the 20th WardTIFs of the 20th Ward
TIFs of the 20th Ward
 
"TIF 101" for Cincinnati- 12-8-19
"TIF 101" for Cincinnati- 12-8-19"TIF 101" for Cincinnati- 12-8-19
"TIF 101" for Cincinnati- 12-8-19
 
TIF of Wicker Park - 9-10-19
TIF of Wicker Park - 9-10-19TIF of Wicker Park - 9-10-19
TIF of Wicker Park - 9-10-19
 
Aurora TIF meeting 11-4-23
Aurora TIF meeting 11-4-23 Aurora TIF meeting 11-4-23
Aurora TIF meeting 11-4-23
 
The TIFs of Hermosa
The TIFs of HermosaThe TIFs of Hermosa
The TIFs of Hermosa
 
"TIF 101" - 6-15-16
"TIF 101" - 6-15-16"TIF 101" - 6-15-16
"TIF 101" - 6-15-16
 
"TIF 101" - City Bureau 7-6-17
"TIF 101" - City Bureau 7-6-17"TIF 101" - City Bureau 7-6-17
"TIF 101" - City Bureau 7-6-17
 
TIF 101
TIF 101TIF 101
TIF 101
 
Overview of TIF and Recent TIF Law Changes
Overview of TIF and Recent TIF Law ChangesOverview of TIF and Recent TIF Law Changes
Overview of TIF and Recent TIF Law Changes
 
TIF_poster-27th_Ward
TIF_poster-27th_WardTIF_poster-27th_Ward
TIF_poster-27th_Ward
 
Tax increment financing (TIF)
Tax increment financing (TIF)Tax increment financing (TIF)
Tax increment financing (TIF)
 

Mais de Tom Tresser

Roberson-Pornography as a Health Issue- 3/28/24
Roberson-Pornography as a Health Issue- 3/28/24Roberson-Pornography as a Health Issue- 3/28/24
Roberson-Pornography as a Health Issue- 3/28/24Tom Tresser
 
Jimenez-Migrant Crisis Presentation-March 2024
Jimenez-Migrant Crisis Presentation-March 2024Jimenez-Migrant Crisis Presentation-March 2024
Jimenez-Migrant Crisis Presentation-March 2024Tom Tresser
 
Chacon-Immigration presentation MArch 2024
Chacon-Immigration presentation MArch 2024Chacon-Immigration presentation MArch 2024
Chacon-Immigration presentation MArch 2024Tom Tresser
 
Nurdinova-Domestic Violence presentation
Nurdinova-Domestic Violence presentationNurdinova-Domestic Violence presentation
Nurdinova-Domestic Violence presentationTom Tresser
 
i c stars Cycle 54 "Civics 101" - Session 3
i c stars Cycle 54 "Civics 101" - Session 3i c stars Cycle 54 "Civics 101" - Session 3
i c stars Cycle 54 "Civics 101" - Session 3Tom Tresser
 
i c stars Cycle 54 "Civics 101" - Session 2
i c stars Cycle 54 "Civics 101" - Session 2i c stars Cycle 54 "Civics 101" - Session 2
i c stars Cycle 54 "Civics 101" - Session 2Tom Tresser
 
i c stars Cycle 54 "Civics 101" - Session 1
i c stars Cycle 54 "Civics 101" - Session 1i c stars Cycle 54 "Civics 101" - Session 1
i c stars Cycle 54 "Civics 101" - Session 1Tom Tresser
 
Tom Tresser "Civics 101" Intrdouction - 2/24
Tom Tresser "Civics 101" Intrdouction - 2/24Tom Tresser "Civics 101" Intrdouction - 2/24
Tom Tresser "Civics 101" Intrdouction - 2/24Tom Tresser
 
The "We Say No Games" Fight Song from 2009
The "We Say No Games" Fight Song from 2009The "We Say No Games" Fight Song from 2009
The "We Say No Games" Fight Song from 2009Tom Tresser
 
Introduction to No Games Chicago
Introduction to No Games ChicagoIntroduction to No Games Chicago
Introduction to No Games ChicagoTom Tresser
 
Introduction to No Boston Olympics
Introduction to No Boston OlympicsIntroduction to No Boston Olympics
Introduction to No Boston OlympicsTom Tresser
 
i c stars "Civic 101" KC C1 - Class 3
 i c stars "Civic 101" KC C1 - Class 3 i c stars "Civic 101" KC C1 - Class 3
i c stars "Civic 101" KC C1 - Class 3Tom Tresser
 
i c stars "Civic 101" KC C1 - Class 2
i c stars "Civic 101" KC C1 - Class 2i c stars "Civic 101" KC C1 - Class 2
i c stars "Civic 101" KC C1 - Class 2Tom Tresser
 
i c stars "Civic 101" KC C1 - Class 1
i c stars "Civic 101" KC C1 - Class 1 i c stars "Civic 101" KC C1 - Class 1
i c stars "Civic 101" KC C1 - Class 1 Tom Tresser
 
Cycle 53 - "Civics 101" Class 4
Cycle 53 - "Civics 101" Class 4Cycle 53 - "Civics 101" Class 4
Cycle 53 - "Civics 101" Class 4Tom Tresser
 
Livermore-Self Esteem.pptx
Livermore-Self Esteem.pptxLivermore-Self Esteem.pptx
Livermore-Self Esteem.pptxTom Tresser
 
"Civics 101" -Cycle 53 - Class 3
"Civics 101" -Cycle 53 - Class 3 "Civics 101" -Cycle 53 - Class 3
"Civics 101" -Cycle 53 - Class 3 Tom Tresser
 
"Civics 101" - Cycle 53 - Class 2
"Civics 101" - Cycle 53 - Class 2"Civics 101" - Cycle 53 - Class 2
"Civics 101" - Cycle 53 - Class 2Tom Tresser
 
"Civics 101" - Cycle 53 - Class 1.pptx
"Civics 101" - Cycle 53 - Class 1.pptx"Civics 101" - Cycle 53 - Class 1.pptx
"Civics 101" - Cycle 53 - Class 1.pptxTom Tresser
 
Tom Tresser Introduction
Tom Tresser IntroductionTom Tresser Introduction
Tom Tresser IntroductionTom Tresser
 

Mais de Tom Tresser (20)

Roberson-Pornography as a Health Issue- 3/28/24
Roberson-Pornography as a Health Issue- 3/28/24Roberson-Pornography as a Health Issue- 3/28/24
Roberson-Pornography as a Health Issue- 3/28/24
 
Jimenez-Migrant Crisis Presentation-March 2024
Jimenez-Migrant Crisis Presentation-March 2024Jimenez-Migrant Crisis Presentation-March 2024
Jimenez-Migrant Crisis Presentation-March 2024
 
Chacon-Immigration presentation MArch 2024
Chacon-Immigration presentation MArch 2024Chacon-Immigration presentation MArch 2024
Chacon-Immigration presentation MArch 2024
 
Nurdinova-Domestic Violence presentation
Nurdinova-Domestic Violence presentationNurdinova-Domestic Violence presentation
Nurdinova-Domestic Violence presentation
 
i c stars Cycle 54 "Civics 101" - Session 3
i c stars Cycle 54 "Civics 101" - Session 3i c stars Cycle 54 "Civics 101" - Session 3
i c stars Cycle 54 "Civics 101" - Session 3
 
i c stars Cycle 54 "Civics 101" - Session 2
i c stars Cycle 54 "Civics 101" - Session 2i c stars Cycle 54 "Civics 101" - Session 2
i c stars Cycle 54 "Civics 101" - Session 2
 
i c stars Cycle 54 "Civics 101" - Session 1
i c stars Cycle 54 "Civics 101" - Session 1i c stars Cycle 54 "Civics 101" - Session 1
i c stars Cycle 54 "Civics 101" - Session 1
 
Tom Tresser "Civics 101" Intrdouction - 2/24
Tom Tresser "Civics 101" Intrdouction - 2/24Tom Tresser "Civics 101" Intrdouction - 2/24
Tom Tresser "Civics 101" Intrdouction - 2/24
 
The "We Say No Games" Fight Song from 2009
The "We Say No Games" Fight Song from 2009The "We Say No Games" Fight Song from 2009
The "We Say No Games" Fight Song from 2009
 
Introduction to No Games Chicago
Introduction to No Games ChicagoIntroduction to No Games Chicago
Introduction to No Games Chicago
 
Introduction to No Boston Olympics
Introduction to No Boston OlympicsIntroduction to No Boston Olympics
Introduction to No Boston Olympics
 
i c stars "Civic 101" KC C1 - Class 3
 i c stars "Civic 101" KC C1 - Class 3 i c stars "Civic 101" KC C1 - Class 3
i c stars "Civic 101" KC C1 - Class 3
 
i c stars "Civic 101" KC C1 - Class 2
i c stars "Civic 101" KC C1 - Class 2i c stars "Civic 101" KC C1 - Class 2
i c stars "Civic 101" KC C1 - Class 2
 
i c stars "Civic 101" KC C1 - Class 1
i c stars "Civic 101" KC C1 - Class 1 i c stars "Civic 101" KC C1 - Class 1
i c stars "Civic 101" KC C1 - Class 1
 
Cycle 53 - "Civics 101" Class 4
Cycle 53 - "Civics 101" Class 4Cycle 53 - "Civics 101" Class 4
Cycle 53 - "Civics 101" Class 4
 
Livermore-Self Esteem.pptx
Livermore-Self Esteem.pptxLivermore-Self Esteem.pptx
Livermore-Self Esteem.pptx
 
"Civics 101" -Cycle 53 - Class 3
"Civics 101" -Cycle 53 - Class 3 "Civics 101" -Cycle 53 - Class 3
"Civics 101" -Cycle 53 - Class 3
 
"Civics 101" - Cycle 53 - Class 2
"Civics 101" - Cycle 53 - Class 2"Civics 101" - Cycle 53 - Class 2
"Civics 101" - Cycle 53 - Class 2
 
"Civics 101" - Cycle 53 - Class 1.pptx
"Civics 101" - Cycle 53 - Class 1.pptx"Civics 101" - Cycle 53 - Class 1.pptx
"Civics 101" - Cycle 53 - Class 1.pptx
 
Tom Tresser Introduction
Tom Tresser IntroductionTom Tresser Introduction
Tom Tresser Introduction
 

Último

The basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxThe basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxheathfieldcps1
 
UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE
 
How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17Celine George
 
Philosophy of Education and Educational Philosophy
Philosophy of Education  and Educational PhilosophyPhilosophy of Education  and Educational Philosophy
Philosophy of Education and Educational PhilosophyShuvankar Madhu
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphNetziValdelomar1
 
How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17Celine George
 
How to Add a New Field in Existing Kanban View in Odoo 17
How to Add a New Field in Existing Kanban View in Odoo 17How to Add a New Field in Existing Kanban View in Odoo 17
How to Add a New Field in Existing Kanban View in Odoo 17Celine George
 
In - Vivo and In - Vitro Correlation.pptx
In - Vivo and In - Vitro Correlation.pptxIn - Vivo and In - Vitro Correlation.pptx
In - Vivo and In - Vitro Correlation.pptxAditiChauhan701637
 
Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.EnglishCEIPdeSigeiro
 
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptx
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptxPractical Research 1: Lesson 8 Writing the Thesis Statement.pptx
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptxKatherine Villaluna
 
Prescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxPrescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxraviapr7
 
3.21.24 The Origins of Black Power.pptx
3.21.24  The Origins of Black Power.pptx3.21.24  The Origins of Black Power.pptx
3.21.24 The Origins of Black Power.pptxmary850239
 
How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17Celine George
 
Benefits & Challenges of Inclusive Education
Benefits & Challenges of Inclusive EducationBenefits & Challenges of Inclusive Education
Benefits & Challenges of Inclusive EducationMJDuyan
 
CAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxCAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxSaurabhParmar42
 
How to Solve Singleton Error in the Odoo 17
How to Solve Singleton Error in the  Odoo 17How to Solve Singleton Error in the  Odoo 17
How to Solve Singleton Error in the Odoo 17Celine George
 
HED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfHED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfMohonDas
 
Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...raviapr7
 
Drug Information Services- DIC and Sources.
Drug Information Services- DIC and Sources.Drug Information Services- DIC and Sources.
Drug Information Services- DIC and Sources.raviapr7
 

Último (20)

The basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptxThe basics of sentences session 10pptx.pptx
The basics of sentences session 10pptx.pptx
 
UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024
 
How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17How to Use api.constrains ( ) in Odoo 17
How to Use api.constrains ( ) in Odoo 17
 
Philosophy of Education and Educational Philosophy
Philosophy of Education  and Educational PhilosophyPhilosophy of Education  and Educational Philosophy
Philosophy of Education and Educational Philosophy
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a Paragraph
 
How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17How to Make a Field read-only in Odoo 17
How to Make a Field read-only in Odoo 17
 
How to Add a New Field in Existing Kanban View in Odoo 17
How to Add a New Field in Existing Kanban View in Odoo 17How to Add a New Field in Existing Kanban View in Odoo 17
How to Add a New Field in Existing Kanban View in Odoo 17
 
In - Vivo and In - Vitro Correlation.pptx
In - Vivo and In - Vitro Correlation.pptxIn - Vivo and In - Vitro Correlation.pptx
In - Vivo and In - Vitro Correlation.pptx
 
Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.Easter in the USA presentation by Chloe.
Easter in the USA presentation by Chloe.
 
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptx
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptxPractical Research 1: Lesson 8 Writing the Thesis Statement.pptx
Practical Research 1: Lesson 8 Writing the Thesis Statement.pptx
 
Prescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxPrescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptx
 
Personal Resilience in Project Management 2 - TV Edit 1a.pdf
Personal Resilience in Project Management 2 - TV Edit 1a.pdfPersonal Resilience in Project Management 2 - TV Edit 1a.pdf
Personal Resilience in Project Management 2 - TV Edit 1a.pdf
 
3.21.24 The Origins of Black Power.pptx
3.21.24  The Origins of Black Power.pptx3.21.24  The Origins of Black Power.pptx
3.21.24 The Origins of Black Power.pptx
 
How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17How to Add a many2many Relational Field in Odoo 17
How to Add a many2many Relational Field in Odoo 17
 
Benefits & Challenges of Inclusive Education
Benefits & Challenges of Inclusive EducationBenefits & Challenges of Inclusive Education
Benefits & Challenges of Inclusive Education
 
CAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxCAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptx
 
How to Solve Singleton Error in the Odoo 17
How to Solve Singleton Error in the  Odoo 17How to Solve Singleton Error in the  Odoo 17
How to Solve Singleton Error in the Odoo 17
 
HED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdfHED Office Sohayok Exam Question Solution 2023.pdf
HED Office Sohayok Exam Question Solution 2023.pdf
 
Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...
 
Drug Information Services- DIC and Sources.
Drug Information Services- DIC and Sources.Drug Information Services- DIC and Sources.
Drug Information Services- DIC and Sources.
 

The TIFs of the 21st Ward - 2015

  • 2. 2
  • 3. 3 Key Policy Questions 1. Under what circumstances do we give public $ to private business? 2. Who plans what for whom? AKA, What defines “community development”? 3. Are we broke? 4. Who’s watching our back? Need for new leaders.
  • 5. 5 What are TIFs? • Created by municipality (state law) • Designed to subsidize some business project in “blighted” or under-served area • Captures “incremental” property taxes ABOVE base when district was created • Only for hard costs • Lasts 23 years • Supposed to be spent where collected
  • 6. 6 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).
  • 7. 7 Money From TIFs Taken From?
  • 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
  • 9. 9 TIFs Usedto support commercial projects in these“Blighted” Areas 40 S. Halsted Apple Store
  • 11. 11
  • 12. 12
  • 13. 13
  • 14. 14 Where are TIFs? 2014 Chicago = 147 Suburbs = 286 Cook County = 433
  • 15. 15
  • 18. To sum up:  TIFs = property taxes  Increment $ collected by TIF  Run by city (mayor)  Lasts 23 years  Blight & “But for” conditions  Hard costs  Supposed to be spent where collected
  • 20. 20 What are TIFs? If you want the FULL deck of this presentation including the details of the TIFs in 21st ward and projects funded by TIFs then please click over to the TIF Data Store at http://www.tifreports.com/store and purchase this file for $5.00. The TIF Illumination Project has been turned down ten times by funders. It’s up to you to keep us alive.
  • 21. 21 DVD with 2 TIF training videos + 2 bonus tracks Nifty TIF Illumination poster