Suffredin- Changing County Government  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



County Oversight of TIF Districts Proposed

Wednesday, October 04, 2006
Special to suffredin.org

Chicago, IL  Cook County Commissioner Larry Suffredin (D-13th District) introduced a proposed ordinance today which would give the Cook County Board President and the Board of Commissioners greater oversight and input of proposed Tax Increment Financing Districts (TIFs) within Cook County.  The proposal will be considered by the Finance Committee of the Cook County Board.

TIFs are an important economic development tool; however, greater oversight of the approval process for TIFs is warranted.  For the statutory 23-year lifetime of a TIF district, Cook County and other taxing bodies receive tax revenue only from the assessed value present in the district at its creation, known as the baseline equalized assessed value, an amount which is not adjusted for inflation. 

The establishment of a TIF district in a municipality in Cook County requires the approval of a joint review board, on which the County holds one seat.  Once a TIF district is established, the municipality in which the TIF district is located has total control over the funds generated by the TIF district, even though those funds are generated by diverting tax revenues that otherwise would have gone to all units of government present in the TIF district.

The diversion of property tax revenue prevents units of government present in the TIF district from maintaining the same tax rate and using that additional revenue for services or from lowering tax rates while achieving the same levy.

The proposed measure sets forth that the President of the County Board will designate the Director of the County’s Department of Economic Development as his or her designee as the County’s representative on each Joint Review Board.  The Cook County Board of Commissioners will receive copies of new TIF proposals within the County and the proposed TIFs may be discussed by the Board within the Finance Committee.  Commissioners will also receive quarterly reports from the County’s Department of Economic Development with respect to all action relating to the creation, renewal and extension of any TIF during the preceding calendar quarter.

“This proposal will allow the Cook County Board of Commissioners to direct the county’s representative on Joint Review Boards to take action based on the impact proposed TIFs will have on other taxing entities within the TIFs, such as local school districts, and the anticipated job creation or retention related to such TIF.  It’s appropriate for the Cook County Board to look more closely at the TIF approval process and how TIF money is spent, “ stated Commissioner Suffredin.



Recent Headlines

26th employee contracts COVID-19 at Cook County Circuit Court Clerk’s office
Tuesday, June 02, 2020
Chicago Sun-Times

Senior citizens in subsidized housing have been dying alone at home, unnoticed because of coronavirus distancing
Tuesday, June 02, 2020
Chicago Sun-Times

George Floyd fallout: Gov. J.B. Pritzker deploys National Guard to suburbs, access to downtown Chicago remains restricted
Tuesday, June 02, 2020
Chicago Tribune

Circuit Court Clerk introduces electronic options for court information in non-criminal matters
Tuesday, June 02, 2020
Chicago Sun-Times

Cook County sends officers, intel to aid suburban police: ‘We have been called everywhere’
Tuesday, June 02, 2020
The Daily Line

Disaster Proclamation Issued For Cook County As Chicago Faces Looting, Vandalism
Monday, June 01, 2020
Blockclub Chicago

Cook County Sheriff Tom Dart: Carry on peaceful protests, but looters and arsonists will go to jail
Monday, June 01, 2020
Chicago Tribune

Monitoring Progress in Meeting the Criteria to Move to Phase 4 of the Restore Illinois Plan
Monday, June 01, 2020
Evanston RoundTable

Chicago protests of George Floyd death live blog: June 1, 2020
Monday, June 01, 2020
Chicago Sun-Times

Pritzker declares disaster in nine counties, mobilizes more National Guard troops, calls ‘for calm and peace in our streets’
Monday, June 01, 2020
Chicago Sun-Times

Editorial: Zero tolerance for rioting in the fight for police reform
Sunday, May 31, 2020
Chicago Tribune

Preckwinkle, Foxx: Don't let looters hijack reform
Sunday, May 31, 2020
Crain's Chicago Business

Gov. Pritzker activates Illinois National Guard, issues disaster proclamation for Cook County
Sunday, May 31, 2020
WSILTV Channel 3

Federal Court Denies Sheriff’s Request to Lift Protections for People Incarcerated in Cook County Jail During COVID-19 Pandemic
Sunday, May 31, 2020
Chicago Crusader

Order to prevent spread of coronavirus at Cook County Jail to continue while sheriff’s office appeals
Friday, May 29, 2020
Chicago Sun-Times

Coronavirus in Illinois updates: Here’s what’s happening Friday with COVID-19 in the Chicago area
Friday, May 29, 2020
Chicago Tribune

Cook County Health narrows CEO field to 12, plans to open another building at jail for COVID-19 response
Friday, May 29, 2020
Chicago Sun-Times

Editorial: Cook County Hospital is a stunning trauma survivor
Friday, May 29, 2020
Chicago Tribune

This official is trying to fix a problem that Springfield won't
Friday, May 29, 2020
Crain's Chicago Business

Cook County employees to begin returning to offices next month; buildings expected to open to public July 6: Preckwinkle executive order
Friday, May 29, 2020
Chicago Tribune

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP