Mayor Emanuel Visits Green Exchange
On May 19th, Mayor Rahm Emanuel held one of his first press conferences as Mayor at the Green Exchange to announce formation of a new task force on Tax Increment Financing (TIF) Reform. The Task Force was formed to bring transparency, accountability, and efficiency to the TIF system. The Mayor also announced that TIF data will be easily accessible to Chicagoans online at www.cityofchicago.org/TIF. Data on TIF budgets that has formerly been in .pdfs has been put into a new format and new data has been added so that citizens can more readily process TIF information. The Task Force’s work should be complete within three months, and recommendations will be incorporated into the city’s 2010 budget.
We were excited that the Mayor chose the Green Exchange as a location to make this exciting announcement! The Mayor chose to highlight the Green Exchange as an exemplary public/private partnership in which municipal financial resources are being effectively utilized to attract 1,000 new jobs, spur economic development in the community, and advance environmentally-sustainable practices. The Community Jobs Initiative and this Worklocal.org website are supported by TIF funds through a contract from the Chicago Department of Housing & Economic Development with the Local Economic & Employment Development [LEED] Council.
http://worklocal.org/index.php/site/item/mayor_emanuel_visits_green_exchange
