From State Rep. Jeff Keicher:
We need TIF Reform.
I’ve been vocal about TIF abuse long before the recent local TIF action that mischaracterized vibrant farmland as “blighted” to proceed with a TIF action.
The heart of my objections has always been about the abuse of the property tax system that is saddling taxpayers with burdens, while cities often enjoy a slush fund at the expense of underfunding our schools. [Emphasis added.]
With that said, I wholeheartedly support development, growth, and investment in Illinois.
I also support TIF districts that are TRUE to the intent of TIF financial support – downtown St. Charles is a perfect example of why TIF concepts are available.
I’d also suggest that an abatement approach is often a better avenue that doesn’t reward developers at the cost of the taxpayers but will create a collaborative path forward.
However, as with most things, Chicago is the poster child for
- waste,
- abuse, and
- neglect.
A recent Tribune article on the CPS funding proposal from the outgoing superintendent centers, in part, on how Chicago TIF slush funds deny schools funding they are entitled to receive.
So, Aldermen in Chicago can fund pet projects with little oversight.
We need TIF reform!
Read More in the Chicago Tribune Here.
I will continue to oppose TIF extension bills, seek to end abuse, and reinforce the original intent of TIF programs in Illinois.
