Browsing Tag tif funding

Cook County real estate downturn and lower equalizer combine for 10% revenue drop

By Sebastian James at July 18, 2012 | 1:00 pm | 0 Comment

Cook County Clerk David Orr on Wednesday released the 2011 TIF revenue report, which shows just under $729 million was collected in the 443 active tax increment financing (TIF) districts in Chicago (163 TIFs) and the Cook County suburbs (280 TIFs). “The 2011 report shows that 80 percent of all Chicago TIFs saw double-digit revenue drops,” said Orr. “Only ten more...

Elected Officials , Property and Taxes Cook County Clerk, david orr, press release, property tax revenues, tif funding