Chicago TIF revenue up 1%, down 3% in suburbs
Originally published at the Cook County Clerk's website
Cook County Clerk David Orr on Thursday released the 2012 TIF revenue report, which shows $723 million was collected in the 435 active tax increment financing (TIF) districts in Chicago and suburban Cook County.
Chicago will collect $457 million in TIF revenue for the 2012 tax year. Chicago’s 2012 TIF revenue represents an increase of $3.3 million or 0.74 percent over 2011. The slight growth follows two years of TIF revenue declines – an 11 percent drop in 2011 and a 2 percent dip in 2010.