Teachers Continue Tiff With TIFs, Demand Diverted Revenue

Jim Gudas
October 30, 2019 - 3:51 pm

WBBM Newsradio/Jim Gudas

Categories: 

CHICAGO (WBBM NEWSRADIO) -- Striking Chicago Public School teachers staged a rally Wednesday to protest what they say is a drain of billions in tax dollars that could be plugged into city schools.

The teachers protested outside “The 78,” a 62-acre commercial development at Clark and Roosevelt.

Teachers such as Hilario Dominguez say this is one example of a project benefiting from a Tax Increment Financing, or TIF, district that diverts billions of property tax dollars, some of which could fund city schools.

David Greising, president of the Better Government Association, says it’s possible the city could divert some TIF money back to the schools.

But Greising points out that would require negotiations with developers, who might not agree.

He said as long as TIF districts are used as intended to help blighted areas, in the long run they could mean more tax dollars for schools.

 

Tags: