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TIF Projection Reports - 47th/State

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-13647th/StateProposed ProjectsProposed redevelopment project #22017-40000012/31/2028
2T-13647th/StateProposed ProjectsProposed redevelopment project #22016-40000012/31/2028
3T-13647th/StateProposed ProjectsProposed redevelopment project #22015-40000012/31/2028
4T-13647th/StateProposed ProjectsProposed redevelopment project #22014-40000012/31/2028
5T-13647th/StateProposed ProjectsProposed redevelopment project #12016-400000012/31/2028
6T-13647th/StateProposed ProjectsProposed redevelopment project #12015-200000012/31/2028
7T-13647th/StateCurrent ObligationsTRC Senior Village RDA2013-18120012/31/2028
8T-13647th/StateCurrent ObligationsProtected Bikeways 20132013-5160012/31/2028
9T-13647th/StateCurrent ObligationsProgram administration2017-3500012/31/2028
10T-13647th/StateCurrent ObligationsProgram administration2016-3410012/31/2028
11T-13647th/StateCurrent ObligationsProgram administration2015-3270012/31/2028
12T-13647th/StateCurrent ObligationsProgram administration2014-2670012/31/2028
13T-13647th/StateCurrent ObligationsProgram administration2013-2680012/31/2028
14T-13647th/StateCurrent ObligationsLighting - Michigan Av, 31st to 43rd, 43rd to 55th (3 TIFs)2013-27200012/31/2028
15T-13647th/StateCurrent ObligationsCPS IGA - Burke Child Parent Center2013-100000012/31/2028
16T-13647th/StateRevenueProperty tax201791800012/31/2028
17T-13647th/StateRevenueProperty tax201691800012/31/2028
18T-13647th/StateRevenueProperty tax201591800012/31/2028
19T-13647th/StateRevenueProperty tax2014102000012/31/2028
20T-13647th/StateRevenueProperty tax2013112700012/31/2028
21T-13647th/StateFund BalanceRevenue recognition adjustment2013-25200012/31/2028
22T-13647th/StateFund BalanceFY'12 year-end balance2013661990012/31/2028
23T-13647th/StateFund BalanceEncumbrances through FY'122013-84220012/31/2028

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created Apr 15, 2011

updated Oct 28, 2013

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Description

The Tax Increment Financing (TIF) Projection Report is a three-year planning document used to evaluate resources and project balances to determine how much funding has been committed and how much funding is available for potential projects in each of the City’s TIF districts. This report is updated with the latest available information and does not represent a final accounting of funds in any TIF district. Annual audited financial reports are found on the City’s website and are published once a year to reflect the balances and expenditures in each TIF fund. The TIF Projection Report provides estimates of TIF revenue and expenditures in each TIF district in the City of Chicago over a three-year period. Funding sources include: Unallocated Funds: Available funds at the beginning of the current year. This includes incremental property tax revenue from prior years. Revenue collected in the prior year is typically used to fund obligations in the current year. Some portion of prior-year collections may be used to fund obligations in subsequent years. Unallocated Bond/Note Proceeds: Available funds remaining from a bond sale or note issued to the City by a bank or other lender. Estimated Incremental Property Tax Revenue: Includes projected incremental property tax revenue collections for the current and subsequent two years. Estimates are based on recent equalized assessed values and tax rates and may be adjusted to reflect property tax collection patterns for a particular TIF. Transfers include: Transfers In: Funds that are transferred into a TIF district for a specific purpose from one or more adjacent TIF districts. Transfers Out: Funds that are transferred to one or more adjacent TIF districts for specific purposes. Current obligations items may include: Debt service payments on bonds or notes; payments to private developers pursuant to redevelopment agreements authorized by City Council; costs of public improvements; and costs of capital projects for overlapping taxing districts, such as the Board of Education or the Chicago Park District. The obligations may also include administrative costs that are incurred by the City for the implementation and administration of the Redevelopment Plan associated with each TIF. Potential projects include: Projects that are currently under consideration and which have not yet received necessary approval(s). In some cases, the dollar amounts listed reflect estimated project costs. As these projects take shape and move through the approval process, they are expected to become an obligation of the TIF.

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