TIF-Control Measure Stalls

Craig Dellimore
December 10, 2018 - 4:49 pm
Chicago City Hall

CHICAGO (WBBM NEWSRADIO) -- Chicago aldermen allied with Mayor Emanuel brought a committee meeting to a quick close today to block a vote to rein in so-called TIF districts.

Members of the City Council Progressive Caucus are pushing for an ordinance that tightens requirements for Tax Increment Financing, or TIF, districts. Tax growth collected from the districts typically helps developers with projects meant to help blighted areas. 

After some debate, Alderman Roberto Maldonado pushed for action. But Deputy Corporation Counsel James McDonald said the Law Department had questions, even though a similar measure’s been in committee for two years. 

Some big projects favored by the Emanuel Administration could be affected by the measure, if it’s approved.

Action on the measure stalled after Finance Committee Chairman Edward Burke noted there were not enough committee members present to form a quorum. 

Aldermen will reconvene at 10:00 a.m. Tuesday. They have yet to act on a couple of big court settlements.