How TIFs Impact Racial and Economic Justice at the Local Level - Non Profit News

How TIFs Impact Racial and Economic Justice at the Local Level - Non Profit News

Image credit: Sidral Mundet on Unsplash In Chicago, in 2023, there were 124 active tax increment financing (TIF) districts, which removed over $1.2 billion from the public till, funding otherwise destined for public schools, parks, and libraries. This money is effectively sequestered until the government deems a project worth investing in, which often means the money goes to wealthly, mostly White developers for megaprojects that do more harm th…