Tax Increment Financing is a
public financing method that uses taxpayers money for community-improvement
projects. The process is typically conducted without any taxpayer involvement.
In order to make the process more community-driven and transparent, we have
created a free, downloadable PB TIF Toolkit which can serve as a guide for
using Participatory Budgeting to allocate TIF funds.
This Toolkit will provide you
with working knowledge of TIFs and how theyre used in cities across the US
with a case study from Chicago. By following the popular education practices
described inside, you will be able to bring the voices of your community into
the TIF process.
The Toolkit includes the
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 community
organization Blocks Togethers 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 research past TIF allocations in their neighborhoods in order to
determine neighborhood spending priorities.
This PB TIF Toolkit provides
valuable information for organizations and residents interested in maximizing
the community benefits from TIF through more participatory decision-making
processes. The Toolkit will help community groups make a strong case to their
political representatives and access funds to meet local needs.