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It's our money

It's our money

chicagotribune.com - 1 week ago - 20 views

Daley is quietly moving forward with plans to spend hundreds of millions of property tax dollars on projects he refuses to discuss publicly. The city's 160 tax increment financing districts, or TIFs, have generated more than half a billion dollars in property taxes in each of the last two years -- money that's off-limits when it comes to balancing the budget. The average taxpayer isn't particularly sympathetic to the legal explanation for that, especially in hard times.

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