Reports

Report | Illinois PIRG | Tax

Jobs and TIF

Illinois PIRG’s report “Jobs and TIF: An Analysis of Job Creation and Tax Increment Financing” analyzes the records of 21 TIF-funded projects from the last decade with the biggest number of promised jobs – each project examined was required to create at least 200 jobs. The report checked to see whether the city is making sure developers are living up to their promises. 

Since TIF projects are typically justified byusing their purported job-creation benefits, and because the number of jobs created is relatively easy for the city to track, we obtained and examined records on projects with job-creations requirements above 200 from in the years 2000 through 2010. These projects should ought to be the most scrutinized TIF projects in the city. The results suggest, however, that Chicago’s TIF programs remain largely impervious to scrutiny and unaccountable to the public.  The findings show that among projects that promised to create the most jobs, there are unacceptably low levels of tracking and enforcement:

• The city could demonstrate consistent tracking of job-creation for only three (14 percent%) of these major TIF projects

• Out of 21 projects with some kind of jobs goal, 15 (71 percent%) did not provide annual evidence that the jobs goals were being met, but the city only asked only two2 of the projects to give money back.

• Not a single project complies with existing the 2009 “Sunshine Ordinance” that requires posting of five5 major documents online; most projects provide less than half.

• A significant number of projects (19 percent%) did not even have specific job-creation goals in their official agreements with the city.

To show the relative degree of overall transparency and accountability for each project, we created a scorecard to assign each a letter grade from “A” to “F” based on four criteria: whether enforceable standards were created, whether the developers hit their jobs goals and reported it to the city, whether the city reclaimed the TIF funds in instances where developers failed to hit their jobs goals, and whether all the information required to be available to the public is accessible.        

 

 

Report | Illinois PIRG Ed Fund | Food

Apples to Twinkies 2012

At a time when America is facing an obesity epidemic, crushing debt and a weak economy, billions of taxpayer dollars are subsidizing junk food ingredients.  In 2011, over $1.28 billion in taxpayer subsidies went to junk food ingredients, bringing the total to a staggering $18.2 billion since 1995. To put that figure in perspective, $18.2 billion is enough to buy 2.9 billion Twinkies every year - 21 for every single American taxpayer.  In contrast, only $637 million has gone to subsidies for apples since 1995.  That's enough to buy 77 million apples per year on average - just half of one apple per taxpayer.

Report | Illinois PIRG | Financial Reform

Urgent: Remove Barriers to Low Interest Rates

Congress has a rare bipartisan opportunity to put more money in Americans’ pockets, strengthen the housing market and boost the entire economy. By making it easier to refinance into today’s low interest rates, Congress could expand the Home Affordable Refinance Program (HARP) so it helps over 530,000 Illinois families save $1.17 billion.

Report | Illinois PIRG Education Fund | Health Care

At Stake: What’s on the Line for Health Care Consumers in the Pending Supreme Court Case

The outcome of the U.S. Supreme Court’s ruling on the Affordable Care Act (ACA) will have far reaching impacts on consumers. In this issue brief, we highlight the number of people the law has helped so far and the costs already saved to illustrate what’s at stake for Illinois consumers in the pending Supreme Court case.

Report | Illinois PIRG | Higher Ed

Issue Brief: Student Loan Debt in Illinois

The resolution of the on-going national debate about whether or not to extend the low interest rate on federal student loans will have a sizable impact on Illinois’ economy.  Without a new plan, on July 1 the interest rate on subsidized Stafford student loans will double, from 3.4 percent to 6.8 percent. 

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