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Old Posted May 12, 2006, 5:56 PM
ChicagoBruce ChicagoBruce is offline
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Join Date: May 2006
Posts: 156
I agree, you definitely some sort of TIF district in certain areas of the CBD and other areas to keep spurring development, after all, if nothing else, it does create high paying construction and engineering jobs. But you must let each district run its course and return the incremental funds to their rightful place in the general tax fund. I think the compromise mentioned is the fair and reasonable thing to do. It won’t make everyone happy, but nothing ever does.

I also agree that using TIF dollars to fund things like parks is a bit shaky as that spending isn’t nearly as highly scrutinized as spending those dollars out of the general fund would be. But in the end, its still coming from tax dollars, no matter how you want to slice it. More accountability and review of TIF projects is probably in order.
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