Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Illinois |
| Effected Jurisdiction: | City of Chicago |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2019 |
| Program name: | Tax Increment Financing (TIF) |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-7 4.4-1 |
| Abating jurisdiction(s): | City of Chicago |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $121,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $121,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.chicago.gov/city/en/depts/fin/supp_info/comprehensive_annual... |
