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Chicago TIFs Boost Taxes, Drain Schools | Fort Wayne News
Chicago’s tax increment financing system, meant to revitalize neighborhoods, has backfired—driving up property taxes for everyone while starving schools and parks of funding. A new UIC report reveals how TIFs lock in property values, reroute growth tax revenue into special funds, and force higher rates across the city. With chaotic record-keeping and rampant misuse, reformers are calling for tighter oversight, updated state laws, and closing TIFs in mature areas to redirect support toward overlooked communities. Listen in comfort:Get a discount on a Soli Pillow…
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