By declaring larger and larger surpluses, city leaders have been able to use this obscure development tool as a back-door loophole to raise hundreds of millions for everyday operating costs.
Read our full story:
illinoisanswers.org/2026/10/01/t...
illinoisanswers.org
A ‘Backdoor Loophole’ is Pushing Up Property Taxes With Little Accountability
An obscure financing tool is quietly raising property taxes to pay for a growing range of spending, an Illinois Answers Project and Mansueto Institute analysis found.