TIF
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Redevelopment for Who? How TIF Redistributes Public Funds to the Wealthy
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If you’re standing on any street corner in Chicago, there’s a one in three chance you’re standing in a TIF district. TIF, short for Tax Increment Financing, is a strategy to spur redevelopment in areas that are “blighted”, i.e., an area that has experienced significant economic decline. Typically, these areas…
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To Divert or Not To Divert: The Impact of TIFs on Chicago Public Schools
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TIFs don’t exactly steal money from Chicago schools. But schools would probably have more money without them.