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TIF Projection Reports - North Branch (South)

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-034North Branch SouthCurrent ObligationsParking & Streetscaping - Kingsbury (Halsted Triangle)2013-50000002/05/2021
2T-034North Branch SouthFund BalanceEncumbrances through FY'122013-929830002/05/2021
3T-034North Branch SouthFund BalanceFY'12 surplus returned in 20132013-88300002/05/2021
4T-034North Branch SouthFund BalanceFY'12 year-end balance20132545510002/05/2021
5T-034North Branch SouthFund BalanceRevenue recognition adjustment2013-75400002/05/2021
6T-034North Branch SouthRevenueProperty tax2013577800002/05/2021
7T-034North Branch SouthRevenueProperty tax2014536000002/05/2021
8T-034North Branch SouthRevenueProperty tax2015496300002/05/2021
9T-034North Branch SouthRevenueProperty tax2016496300002/05/2021
10T-034North Branch SouthRevenueProperty tax2017496300002/05/2021
11T-034North Branch SouthTransfers Between TIF DistrictsTransfer to Near North (Repay prior funds transfer)2013-250000002/05/2021
12T-034North Branch SouthCurrent ObligationsAAA Boatyard/River Edge Stabilization (a.k.a. Goose Island Overlook Park)2013-50000002/05/2021
13T-034North Branch SouthCurrent ObligationsBicycle sharing program station installation2013-9610002/05/2021
14T-034North Branch SouthCurrent ObligationsBridge repairs - Halsted St. over Chicago River North Branch2013-31100002/05/2021
15T-034North Branch SouthCurrent ObligationsHalsted Triangle Parking Study (Ph. 2)2013-5000002/05/2021
16T-034North Branch SouthCurrent ObligationsLeft turn arrow - Clybourn, Racine & Cortland2013-10500002/05/2021
17T-034North Branch SouthCurrent ObligationsNorth Branch Truck way Cost-Benefit Analysis & Study2013-35000002/05/2021
18T-034North Branch SouthCurrent ObligationsProgram administration2013-12740002/05/2021
19T-034North Branch SouthCurrent ObligationsProgram administration2014-12900002/05/2021
20T-034North Branch SouthCurrent ObligationsProgram administration2015-16490002/05/2021
21T-034North Branch SouthCurrent ObligationsProgram administration2016-17230002/05/2021
22T-034North Branch SouthCurrent ObligationsProgram administration2017-17730002/05/2021
23T-034North Branch SouthCurrent ObligationsSmall Business Improvement Fund2013-100000002/05/2021
24T-034North Branch SouthProposed ProjectsMedian repairs - Ogden Ave. Cul-de-sac, Fry St. to RR Viaduct2013-65000002/05/2021

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created Apr 08, 2011

updated Nov 18, 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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