Sunday, August 25, 2013 - 2:00pm

Sunday, August 25, 2 pm.  Free Slide Show Presentation,  “TIFs: How they impact your life, your real estate taxes and your community more than you ever knew with Tom Tresser, founder of the TIF Illumination Project, and Gary Schwab, long time Oak Parker and local activist. Oak Park Main Library, 834 Lake St., Oak Park, Second Floor Small Meeting Room, one block north of Green Line Oak Park stop and one block west of Oak Park Avenue.  Garage or on street parking available.  Q & A will follow the presentations.  Light refreschments are served.

Presented by the Oak Park Coalition for Truth and Justice

Tom Tresser, founder of the TIF Illumination project, will conduct us through the arcane (to most folks) topic of Tax Incremental Financing (TIF) with an illuminating talk and slide show presentation. Tom, a dynamic and entertaining speaker, will ease you through a topic which he has thoroughly researched. You will discover how TIFs impact your life, your real estate taxes and your community.  You will find out how what happens in Chicago affects Cook County and the communities within it, including Oak Park.

The TIF Illumination Project is investigating and explaining the impacts (money out, money in) on a ward-by-ward basis in Chicago.  In 2011 (the latest year we have data for) there were 163 TIF districts and they extracted $454 million in property taxes from the property owners of Chicago.  SO FAR the project has ILLUMINATED 89 TIFSs INSIDE 12 CHICAGO CITY WARDS.

Gary Schwab, long time Oak Parker and local activists, will discuss the particular history and impact of TIFs in Oak Park.  Gary has worked consistently for historic preservation and planning economic development to respect Oak Park’s unique, irreplaceably built character and traditions of diversity.

“It’s going to take a village to understand how the city uses the hundreds of millions of dollars it extracts from 163 TIF districts every year.  It’s OUR money.”  Tom Tresser

“You have my profound thanks for all of your work on this project;  some aldermen have served decades in the City Council managing to perform for less public service that you have In spearheading this project.”  - From an organizer of the 49th Ward Illumination

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