Approximately 89% of the 24th Ward is covered by Tax Increment Financing (TIF) Districts and is scheduled to remain that way through at least 2032.
What is Tax Increment Financing?
Tax Increment Financing is a special funding tool used by the City of Chicago to promote public and private investment across the City. Funds are used to build and repair roads and infrastructure, clean polluted land, and put vacant properties back to productive use, usually in conjunction with private development projects.
The City of Chicago Office of Inspector General’s (OIG) Socioeconomic and City Data Comparison Dashboard offers the ability to analyze Chicago’s demographic and socioeconomic landscape.
Here’s how to use OIG’s Socioeconomic and City Data Comparison Dashboard to compare TIF Districts and Wards.
1. Selecting Geographic Boundaries
From the Geographic Boundaries menu, select Wards.
2. Selecting TIF Data
From the Select Data menu, select Tax Increment Financing Districts.
3. Viewing Results
With Wards and Tax Increment Financing Districts selected, the data panel shows what percentage of land per Ward is covered by TIF Districts.
4. Highlight a Ward
Clicking on a Ward from the data panel highlights the Ward on the City map.
Additional TIF District Information
To learn more about TIF Districts, click on the Show Info On TIF Districts button.
Click anywhere within the pop-up window to visit the Tax Increment Financing Districts Dashboard to learn more.
Learn more about the City’s population demographics, socioeconomic data, 911 calls for police service, and more by clicking the link below.
Visit the Socioeconomic and City Data Comparisons Dashboard
Learn more about TIF Districts in the City by clicking the link below!
Visit the TIF Districts Dashboards
About the Office of Inspector General
The mission of the independent and nonpartisan City of Chicago Office of Inspector General (OIG) is to promote economy, effectiveness, efficiency, and integrity by identifying corruption, waste, and mismanagement in City government. OIG is a watchdog for the taxpayers of the City and has jurisdiction to conduct inquiries into most aspects of City government.
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