Call for hearing(s) on city process and procedures for reviewing and approving applications for tax increment finance (TIF) funding
Legislation tracker › Finance › 36th Ward: Gilbert Villegas
- Record number: R2026-0024841
- Type: Resolution; category: Committee/Public Hearings
- Status: In Committee (Referred)
- Sponsor: Gilbert Villegas (36th Ward)
- Committee: Committee on Finance
- Submitted Date: Apr 13, 2026
- Introduction Date: Apr 15, 2026
- Official record: Office of the City Clerk
Impact report
Written by AI from the official document. AI can make mistakes; the official document always wins.
This resolution asks the City Council's Committee on Finance to hold a hearing on how the City reviews and approves applications for tax increment finance (TIF) funding.
Who it affects
- Businesses and developers applying for TIF funding: The hearing would look at how their applications are reviewed and list applications received but not sent for approval since May 1, 2023.
- Residents of communities inside TIF districts: The hearing aims to check whether TIF funds are used fairly based on the needs of communities within each TIF district.
- City department leaders: The Commissioners of Planning and Development and Housing, Corporation Counsel, Budget Director, Chief Financial Officer, Comptroller, and Chief Equity Officer would be asked to testify and answer questions.
- Chicago property taxpayers: The hearing would review how property tax increases captured in TIF districts are spent.
What changes
- The Committee on Finance would hold a public hearing on the TIF application review process.
- City officials would explain who makes TIF funding decisions and what criteria they use.
- A list of TIF applications received but not submitted for approval since May 1, 2023 would be requested.
Money
- TIF funds come from increases in property taxes captured by the City and are loaned or granted to projects within TIF districts; the resolution says these can reach up to hundreds of millions of dollars.
Where: 36th Ward
Timeline
- Apr 15, 2026: Referred, City Council. The matter was Referred to Committee.
Documents
- TIF Review Ordinance.pdf (Legislation)
Related legislation
More from Gilbert Villegas
- Tribute to late Michael Keller Ditka (R2026-0029456, introduced Oct 14, 2026, Referred)
- Amendment of Municipal Code Section 2-44-055 establishing scoring criteria for 9% tax credits (O2026-0029453, introduced Oct 14, 2026, Referred)
- Exemption from physical barrier requirement for commercial driveway alley access for Best West Auto Repair, Inc. (O2026-0027919, introduced Sep 23, 2026, Passed)
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