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TIF Projection Reports - River South

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-037River SouthCurrent ObligationsCTA IGA - 18th St. connector rail improvements2013-750000007/30/2020
2T-037River SouthCurrent ObligationsStreet resurfacing - 16th, Clark to Wabash2013-5330007/30/2020
3T-037River SouthCurrent ObligationsStreet Improvements - Wells St.2014-4060100007/30/2020
4T-037River SouthCurrent ObligationsStreet Improvements - Wells St.2013-190000007/30/2020
5T-037River SouthCurrent ObligationsSidewalks - Dearborn, 15th to 16th2013-40000007/30/2020
6T-037River SouthCurrent ObligationsProtected Bikeways 20132013-7400007/30/2020
7T-037River SouthCurrent ObligationsProgram administration2017-41200007/30/2020
8T-037River SouthCurrent ObligationsProgram administration2016-40010007/30/2020
9T-037River SouthCurrent ObligationsProgram administration2015-38310007/30/2020
10T-037River SouthCurrent ObligationsProgram administration2014-29570007/30/2020
11T-037River SouthCurrent ObligationsProgram administration2013-28900007/30/2020
12T-037River SouthCurrent ObligationsPark District IGA - Ping Tom Park Fieldhouse2014-200000007/30/2020
13T-037River SouthCurrent ObligationsPark District IGA - Ping Tom Park Fieldhouse2013-800000007/30/2020
14T-037River SouthCurrent ObligationsBridge repairs - VanBuren bascule bridge2013-250000007/30/2020
15T-037River SouthCurrent ObligationsBridge repairs - 18th St. bascule Bridge2013-550000007/30/2020
16T-037River SouthCurrent ObligationsBicycle sharing program station installation2013-28830007/30/2020
17T-037River SouthCurrent ObligationsAcquisition - Congress streetscape2013-40000007/30/2020
18T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (Streetscape - Michigan Av, 23rd St, and 24th St)2013-531890007/30/2020
19T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (National Teachers Academy)2014-661500007/30/2020
20T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (Library - Chinatown)2016-400000007/30/2020
21T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (Library - Chinatown)2015-500000007/30/2020
22T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (Library - Chinatown)2013-300000007/30/2020
23T-037River SouthTransfers Between TIF DistrictsTransfer to 24th/Michigan (Acquisition - Motor Row)2013-850000007/30/2020
24T-037River SouthTransfers Between TIF DistrictsTransfer from Canal/Congress (Wells St. Improvements)2015510000007/30/2020
25T-037River SouthTransfers Between TIF DistrictsTransfer from Canal/Congress (Wells St. Improvements)20144060000007/30/2020
26T-037River SouthRevenueProperty tax20171163700007/30/2020
27T-037River SouthRevenueProperty tax20161163700007/30/2020
28T-037River SouthRevenueProperty tax20151163700007/30/2020
29T-037River SouthRevenueProperty tax20141242600007/30/2020
30T-037River SouthRevenueProperty tax20131325800007/30/2020
31T-037River SouthFund BalanceRevenue recognition adjustment2013-181110007/30/2020
32T-037River SouthFund BalanceFY'12 year-end balance20135440630007/30/2020
33T-037River SouthFund BalanceEncumbrances through FY'122013-1639550007/30/2020
34T-037River SouthCurrent ObligationsStreet Improvements - Wells St.2015-870000007/30/2020


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created Apr 08, 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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