Finance Approves Park District TIF

Committee on Finance Approves Park District TIF Allocations, Revenue Bonds, and Settlement Orders

The Committee on Finance met on June 10, 2024, and approved multiple intergovernmental agreements with the Chicago Park District for tax increment financing allocations totaling approximately $11.7 million across four parks, as well as revenue bond issuances for airport improvements, water infrastructure, and mixed-income housing developments. The committee also authorized settlement payments totaling approximately $59.05 million across multiple cases.