Go back to the interactive dataset

TIF Projection Reports - Stevenson/Brighton

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-149Stevenson/BrightonRevenueProperty tax20137600012/31/2031
2T-149Stevenson/BrightonRevenueProperty tax20141600012/31/2031
3T-149Stevenson/BrightonRevenueProperty tax2015200012/31/2031
4T-149Stevenson/BrightonRevenueProperty tax2016200012/31/2031
5T-149Stevenson/BrightonRevenueProperty tax2017200012/31/2031
6T-149Stevenson/BrightonCurrent ObligationsCPS IGA - Brighton Pk II2014-81930012/31/2031
7T-149Stevenson/BrightonCurrent ObligationsProgram administration2013-410012/31/2031
8T-149Stevenson/BrightonCurrent ObligationsProgram administration2014-300012/31/2031
9T-149Stevenson/BrightonCurrent ObligationsProgram administration2015-280012/31/2031
10T-149Stevenson/BrightonCurrent ObligationsProgram administration2016-290012/31/2031
11T-149Stevenson/BrightonCurrent ObligationsProgram administration2017-290012/31/2031
12T-149Stevenson/BrightonCurrent ObligationsPulaski Promenade RDA2015-30000012/31/2031
13T-149Stevenson/BrightonCurrent ObligationsPulaski Promenade RDA2016-30000012/31/2031
14T-149Stevenson/BrightonCurrent ObligationsPulaski Promenade RDA2017-30000012/31/2031
15T-149Stevenson/BrightonFund BalanceFY'12 year-end balance2013292140012/31/2031
16T-149Stevenson/BrightonFund BalanceEncumbrances through FY'122013-80930012/31/2031
17T-149Stevenson/BrightonFund BalanceRevenue recognition adjustment2013-2370012/31/2031

About

cocadmin cocadmin

created Apr 15, 2011

updated Oct 28, 2013

View Full Page
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.

Activity
Community Rating
Current value: 0.0 out of 5
Your Rating
Current value: out of 5
Raters
0
Visits
163
Downloads
50
Comments
0
Contributors
0
Meta
Category
Community & Economic Development
Permissions
Public
Tags
tif
Row Count
17

Filter

  • ;
  • ;
  • ;
  • ;
  • ;
  • ;
  • ;

Sort

  • ;
  • ;
  • ;
  • ;
  • ;
  • ;
  • ;

Search

Saved Views

Sharing

This view is public

Publishing

See Preview