Maps show the areas in dark-gray where property tax increment will be used to pay for the Red Line Extension. [CTA/SB Friedman Advisors] 

A proposal for a new tax increment financing (TIF) district to fund $950 million for the CTA’s extension of the Red Line train south from 95th Street to 130th Street could gain initial approval Monday as a key committee is scheduled to vote on the proposal ahead of Wednesday’s City Council meeting.