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TIF Projection Reports - Galewood/Armitage Industrial

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-071Galewood/ArmitageRevenueProperty tax2015209200007/07/2022
2T-071Galewood/ArmitageCurrent ObligationsProgram administration2017-7790007/07/2022
3T-071Galewood/ArmitageCurrent ObligationsProgram administration2016-7560007/07/2022
4T-071Galewood/ArmitageCurrent ObligationsProgram administration2015-7240007/07/2022
5T-071Galewood/ArmitageCurrent ObligationsProgram administration2014-5950007/07/2022
6T-071Galewood/ArmitageCurrent ObligationsProgram administration2013-6060007/07/2022
7T-071Galewood/ArmitageCurrent ObligationsPark District IGA - Rutherford-Sayre Park2013-106000007/07/2022
8T-071Galewood/ArmitageCurrent ObligationsMSAC - Program administration2013-60007/07/2022
9T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - TIF share2017-201320007/07/2022
10T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - TIF share2016-192700007/07/2022
11T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - TIF share2015-177970007/07/2022
12T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - TIF share2014-59340007/07/2022
13T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - TIF share2013-58350007/07/2022
14T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - other TIF(s)2017-272500007/07/2022
15T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - other TIF(s)2016-268340007/07/2022
16T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - other TIF(s)2015-243320007/07/2022
17T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - other TIF(s)2014-243090007/07/2022
18T-071Galewood/ArmitageCurrent ObligationsMSAC - Prieto Elem. - other TIF(s)2013-236680007/07/2022
19T-071Galewood/ArmitageCurrent ObligationsLighting & Parking - Cortland, Narragansett to Merrimac2013-148200007/07/2022
20T-071Galewood/ArmitageCurrent ObligationsLaborers Union RDA payments2015-121910007/07/2022
21T-071Galewood/ArmitageCurrent ObligationsLaborers Union RDA payments2014-121910007/07/2022
22T-071Galewood/ArmitageCurrent ObligationsLaborers Union RDA payments2013-121910007/07/2022
23T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Northwest Ind. Corr. (MSAC - Prieto Elem.)201742030007/07/2022
24T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Northwest Ind. Corr. (MSAC - Prieto Elem.)201642040007/07/2022
25T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Northwest Ind. Corr. (MSAC - Prieto Elem.)201538350007/07/2022
26T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Northwest Ind. Corr. (MSAC - Prieto Elem.)201438190007/07/2022
27T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Northwest Ind. Corr. (MSAC - Prieto Elem.)201337200007/07/2022
28T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Belmont/Central (MSAC - Prieto Elem.)2017230470007/07/2022
29T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Belmont/Central (MSAC - Prieto Elem.)2016226300007/07/2022
30T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Belmont/Central (MSAC - Prieto Elem.)2015204970007/07/2022
31T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Belmont/Central (MSAC - Prieto Elem.)2014204900007/07/2022
32T-071Galewood/ArmitageTransfers Between TIF DistrictsTransfer from Belmont/Central (MSAC - Prieto Elem.)2013199480007/07/2022
33T-071Galewood/ArmitageRevenueProperty tax2017209200007/07/2022
34T-071Galewood/ArmitageRevenueProperty tax2016209200007/07/2022
35T-071Galewood/ArmitageRevenueProperty tax2014235500007/07/2022
36T-071Galewood/ArmitageRevenueProperty tax2013263200007/07/2022
37T-071Galewood/ArmitageFund BalanceRevenue recognition adjustment2013-40090007/07/2022
38T-071Galewood/ArmitageFund BalanceReserved for debt service2013-249460007/07/2022
39T-071Galewood/ArmitageFund BalanceFY'12 year-end balance20132348130007/07/2022
40T-071Galewood/ArmitageFund BalanceEncumbrances through FY'122013-1044210007/07/2022


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created Apr 15, 2011

updated Nov 18, 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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