OIG Releases Follow-up Report on Charitable Donations in TIF Public Benefits Clauses

On November 26, 2012, the OIG released a follow-up report to its October 2011 review of Tax Increment Financing (TIF) Public Benefits Clauses and Charitable Donations. The follow-up report has two major findings. First, it describes 10 additional previously undisclosed public benefits clauses. Second, it details the City’s actions in response to the OIG’s 2011 … [Read More…]

Follow-Up on 2010 TIF

OIG has published a follow-up report to its 2010 TIF Audit. Download and read it via the link on the right.

Analysis of Special Service Area Taxes and Tax Increment Financing Funds

For a printer-friendly version of this analysis, click here. The Inspector General’s Office has conducted an analysis of property taxes billed to property owners in Special Service Area (SSA) taxing districts that overlap with Tax Increment Financing (TIF) districts.[1] The analysis found that over 80% of SSAs overlapped with TIF districts in 2010 and 2011 … [Read More…]

OIG Review of TIF Public Benefits Clauses and Charitable Donations

FOR IMMEDIATE RELEASE: October 4, 2011 CONTACT: (773) 478-0534 Jonathan Davey OIG Releases Review of Charitable Donations in TIF Public Benefits Clauses The City of Chicago Office of Inspector General (OIG) today released a review of TIF Public Benefits Clauses and Charitable Donations. Private charitable entities are sometimes named as beneficiaries in Tax Increment Financing (TIF) … [Read More…]

Small Business Improvement Fund (SBIF) Recipients thru August 2011

The City of Chicago’s Small Business Improvement Fund (SBIF) is a program which reimburses recipients for eligible improvements to buildings. Since 2000, the SBIF program has funded over $28 million in grants to over 600 applicants. SBIF is funded by Tax Increment Financing (TIF) revenues and administered by SomerCor 504, a non-profit development firm. SBIF … [Read More…]

Review of World Business Chicago and the TIF approval process

FOR IMMEDIATE RELEASE: July 25, 2011 CONTACT: (773) 478-0534 Jonathan Davey OIG Releases Report on World Business Chicago and the TIF Approval Process Today, the City of Chicago Office of Inspector General (OIG) released a review of World Business Chicago’s (WBC) involvement in the City’s approval of Tax Increment Financing (TIF) proposals. The OIG report found … [Read More…]

MWBE Compliance Summaries for DHED Funded Projects

While the City places minority and women-owned business enterprise (MWBE) requirements on contracts administered by the Department of Procurement Services (DPS), it also puts these requirements on construction projects that receive support from the Department of Housing and Economic Development. This support often takes the form of Tax Increment Financing (TIF) subsidies, but also may … [Read More…]

Audit of City’s TIF Expenditure Processes and Procedures

The Chicago Inspector General’s Office (OIG) released a report today, detailing an audit of processes and procedures related to Tax Increment Financing (TIF) expenditures for the Central Loop and Central West TIF districts. OIG’s purpose was to test and evaluate activities performed to ensure effective and efficient operations, compliance with policies and procedures, and to … [Read More…]