Pappas: Cook County Board passes ordinance to bring transparency to TIF spending
The Board approved an amendment to the Debt Disclosure Ordinance, which allows the Treasurer's Office to gather vital financial data for the county's 547 primary taxing districts and publish it on cookcountytreasurer.com.
- The Board approved an amendment to the Debt Disclosure Ordinance, which allows the Treasurer's Office to gather vital financial data for the county's 547 primary taxing districts and publish it on cookcountytreasurer.com.
- The amendment would give taxpayers the opportunity to examine how TIF dollars have been spent and to whom.
- "The County Board took ground-breaking action regarding transparency when it passed the Debt Disclosure Ordinance in 2009 at my request," Pappas said.
- In Cook County, 444 TIF Districts across 96 municipalities accounted for more than $1.3 billion in property tax revenue last year or 8.4% of the entire $15.6 billion billed.