A new report analyzes the effects of “tax increment financing” on communities across the nation – and calls into question the merits of the widely used development tool.
Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.
Government unions posed threats to public welfare that were recognized by founders of the labor movement and by progressive icon Franklin D. Roosevelt. Those threats have become reality, with government union power dominating – especially in Illinois.