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TIF Projection Reports - Belmont/Central

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-081Belmont/CentralRevenueProperty tax2016184800012/31/2024
2T-081Belmont/CentralCurrent ObligationsSmall Business Improvement Fund2013-50000012/31/2024
3T-081Belmont/CentralCurrent ObligationsProgram administration2017-6780012/31/2024
4T-081Belmont/CentralCurrent ObligationsProgram administration2016-6590012/31/2024
5T-081Belmont/CentralCurrent ObligationsProgram administration2015-6310012/31/2024
6T-081Belmont/CentralCurrent ObligationsProgram administration2014-5450012/31/2024
7T-081Belmont/CentralCurrent ObligationsProgram administration2013-5800012/31/2024
8T-081Belmont/CentralCurrent ObligationsMSAC - Program administration2013-80012/31/2024
9T-081Belmont/CentralCurrent ObligationsMenu reimbursement for alley & street resurfacing2013-2020012/31/2024
10T-081Belmont/CentralTransfers Between TIF DistrictsTransfer to Galewood/Armitage (MSAC - Prieto Elem.)2017-230470012/31/2024
11T-081Belmont/CentralTransfers Between TIF DistrictsTransfer to Galewood/Armitage (MSAC - Prieto Elem.)2016-226300012/31/2024
12T-081Belmont/CentralTransfers Between TIF DistrictsTransfer to Galewood/Armitage (MSAC - Prieto Elem.)2015-204970012/31/2024
13T-081Belmont/CentralTransfers Between TIF DistrictsTransfer to Galewood/Armitage (MSAC - Prieto Elem.)2014-204900012/31/2024
14T-081Belmont/CentralTransfers Between TIF DistrictsTransfer to Galewood/Armitage (MSAC - Prieto Elem.)2013-199480012/31/2024
15T-081Belmont/CentralRevenueProperty tax2017184800012/31/2024
16T-081Belmont/CentralRevenueProperty tax2015184800012/31/2024
17T-081Belmont/CentralRevenueProperty tax2014219900012/31/2024
18T-081Belmont/CentralRevenueProperty tax2013256900012/31/2024
19T-081Belmont/CentralFund BalanceRevenue recognition adjustment2013-41490012/31/2024
20T-081Belmont/CentralFund BalanceFY'12 year-end balance20131130480012/31/2024
21T-081Belmont/CentralFund BalanceEncumbrances through FY'122013-259590012/31/2024

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created Apr 15, 2011

updated Oct 28, 2013

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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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