Reining in the Tax-Gobbling Menace
Rahm Emanuel, the newly elected fiscally conservative mayor of Chicago, wants to “overhaul” that city’s tax-increment financing program, which he says “morphed from a tool for blighted economic communities into an all-purpose vehicle.” TIF was first used in Chicago by Mayor Harold Washington in the 1980s, whose goal was to help blighted neighborhoods. Critics say [...]
Rahm Emanuel, the newly elected fiscally conservative mayor of Chicago, wants to “overhaul” that city’s tax-increment financing program, which he says “morphed from a tool for blighted economic communities into an all-purpose vehicle.” TIF was first used in Chicago by Mayor Harold Washington in the 1980s, whose goal was to help blighted neighborhoods. Critics say […]
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Reining in the Tax-Gobbling Menace
Rahm Emanuel, the newly elected fiscally conservative mayor of Chicago, wants to “overhaul” that city’s tax-increment financing program, which he says “morphed from a tool for blighted economic communities into an all-purpose vehicle.” TIF was first used in Chicago by Mayor Harold Washington in the 1980s, whose goal was to help blighted neighborhoods. Critics say […]