Democratizing Tax Increment Financing through Participatory Budgeting – A Tool Kit

Cecile Carroll, Thea Crum, Carolina Gaete, Maria Hadden, Rachel Weber

This PB – TIF Tool Kit provides valuable information for organizations and residents interested in maximizing the community benefits from TIF through more participatory decision making processes.

The Tool Kit includes the following:
1) Basic information on the mechanics of TIF and PB in Chicago and in other cities in the U.S.;
2) A case study of Blocks Together’s use of PB to decide on spending priorities for the Chicago/Central Park TIF District in West Humboldt Park;
3) Advice on how community residents can determine neighborhood spending priorities and research past TIF allocations in their neighborhoods.

Full Text »