JAN 28, 2021
Pappas, commissioners roll out TIF transparency ordinance to expose ‘unmined frontier’ of government finance
Chicago and more than 500 other taxing bodies across Cook County would be required to publish detailed information about how they use a controversial but widely used financing mechanism under a new measure pushed by county Treasurer Maria Pappas.
Comm. John Daley (D-11) will introduce an ordinance (21-1048) during Thursday’s monthly county Board of Commissioners meeting that would require units of government to send the treasurer’s office line-item reports on expenses furnished by tax-increment financing (TIF). Twelve of Daley’s 16 colleagues were listed as cosponsors on Wednesday.
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