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From 2011 to 2017 under Mayor Emanuels leadership, the City of Chicago has made significant and meaningful
reforms to benefit the Citys financial health and long-term financial health.
TIF reform
Mayor Emanuel instituted a policy of reviewing each TIF on an annual basis and declaring unneeded funds as surplus. As
a result, the City has declared a TIF surplus every year since 2011, including the 2018 budget, returning over $1,021.9
million to local taxing bodies, of which CPS has received 50% of the surplus.