Policy Reports and Publications
Who's Getting Your Tax Dollars?Dec 1, 2009
This report profiles corporations receiving Tax Increment Financing (TIF) money from downtown TIFs since 2000. Where public data is available, it shows the profits for these corporations as well as CEO compensation. The financial data raises questions about why these corporations are in need of Chicagoans' tax dollars -- and what the public benefits are. Most are highly profitable and reward their leadership with extravagant compensation. Corporate TIF recipients are required to maintain and/or increase jobs as a condition of receiving TIF funding, however the city's record of holding them accountable to this has not been stellar.