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TIF Projection Reports - Greater Southwest Industrial Corridor (East)

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-066Greater SW Ind Corr EastRevenueProperty tax201452300012/31/2023
2T-066Greater SW Ind Corr EastFund BalanceAdjustments to prior encumbrances2013390012/31/2023
3T-066Greater SW Ind Corr EastFund BalanceEncumbrances through FY'122013-50040012/31/2023
4T-066Greater SW Ind Corr EastFund BalanceFY'12 year-end balance2013287060012/31/2023
5T-066Greater SW Ind Corr EastFund BalanceRevenue recognition adjustment2013-9350012/31/2023
6T-066Greater SW Ind Corr EastCurrent ObligationsStreet and sidewalk repair - 74th, Damen to Hoyne2013-92500012/31/2023
7T-066Greater SW Ind Corr EastCurrent ObligationsSmall Business Improvement Fund2013-25000012/31/2023
8T-066Greater SW Ind Corr EastCurrent ObligationsProgram administration2017-1870012/31/2023
9T-066Greater SW Ind Corr EastCurrent ObligationsProgram administration2016-1820012/31/2023
10T-066Greater SW Ind Corr EastCurrent ObligationsProgram administration2015-1740012/31/2023
11T-066Greater SW Ind Corr EastCurrent ObligationsProgram administration2014-1490012/31/2023
12T-066Greater SW Ind Corr EastCurrent ObligationsProgram administration2013-1550012/31/2023
13T-066Greater SW Ind Corr EastCurrent ObligationsMarquette Village RDA note payments ($TBD)2014012/31/2023
14T-066Greater SW Ind Corr EastCurrent ObligationsMarquette Village RDA note payments ($TBD)2013012/31/2023
15T-066Greater SW Ind Corr EastCurrent ObligationsGateway Park RDA note payments2017-33230012/31/2023
16T-066Greater SW Ind Corr EastCurrent ObligationsGateway Park RDA note payments2016-32580012/31/2023
17T-066Greater SW Ind Corr EastCurrent ObligationsGateway Park RDA note payments2015-31940012/31/2023
18T-066Greater SW Ind Corr EastCurrent ObligationsGateway Park RDA note payments2014-31320012/31/2023
19T-066Greater SW Ind Corr EastCurrent ObligationsGateway Park RDA note payments2013-29530012/31/2023
20T-066Greater SW Ind Corr EastRevenueProperty tax201745200012/31/2023
21T-066Greater SW Ind Corr EastRevenueProperty tax201645200012/31/2023
22T-066Greater SW Ind Corr EastRevenueProperty tax201545200012/31/2023
23T-066Greater SW Ind Corr EastRevenueProperty tax201359900012/31/2023

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created Apr 08, 2011

updated Nov 21, 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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