Office of the City Clerk - Record #: F2022-9

• Record #: F2022-9
• Type: Report
• Status: Placed on File
• Intro date: 2/23/2022
• Final action: 2/23/2022
• Title: Inspector General's audit of City's compliance with TIF Sunshine Ordinance and TIF Surplus Executive Order
• Sponsors: Dept./Agency
• Topic: CITY DEPARTMENTS/AGENCIES - Inspector General, - REPORTS - Miscellaneous

Date	Journal Page Number	Action By	Action	Result
2/23/2022	44223	City Council	Placed on File

OIG FILE 19-1047
TIF SUNSHINE ORDINANCE AND TIF SURPLUS EXECUTIVE ORDER COMPLIANCE AUDIT

TABLE OF CONTENTS
EXECUTIVE SUMMARY|910|
CONCLUSION|910|FINDINGS|910|RECOMMENDATIONS|910|DPD AND OBM RESPONSES|910|BACKGROUND|910|
TIF PROJECT APPROVAL PROCESS|910|THE TIF SUNSHINE ORDINANCE|910|THE TIF SURPLUS EXECUTIVE ORDER 9

How Balances Affect Surplus Funds 10
How a Surplus is Declared 13
OIG Tax-Increment Financing Districts Dashboard 15
FINDINGS AND RECOMMENDATIONS 16
FINDING 1: THE CITY HAS NOT PROVIDED THE PUBLIC WITH ALL DATA REQUIRED BYTHE TIF
SUNSHINE ORDINANCE 16
FINDING 2: WHILE THE CITY DECLARED A SURPLUS IN ACCORDANCE WITH THE EXECUTIVE
ORDER, IT LIMITED THE AMOUNT CONSIDERED FOR SURPLUS DECLARATION 21
OBJECTIVES, SCOPE, AND METHODOLOGY 24

OBJECTIVES 24
SCOPE 24
METHODOLOGY 24
STANDARDS 26
AUTHORITY AND ROLE 26
APPENDIXA: DISTRICT MA PS, NARRATIVES, ANDR EDEVELOPMENTA GREEMENT IN FORMA TION
WEBSITE 27
APPENDIX B: CITYWIDE TIF MAP AND PROJECT LOCATIONS WEBSITE 28
APPENDIX C: CHICAGO DATA PORTAL 29
APPENDIX D: TIF BUDGET AND BALANCE INFORMATION 30



ACRONYMS
CDOT Chicago Department of Transportation DPD Department of Planning and Development OBM Office of Budget and Management OIG Office of Inspector General TIF Tax Increment Financing










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OIG FILE 19-1047
TIF SUNSHINE ORDINANCE AND TIF SURPLUS EXECUTIVE ORDER COMPLIANCE AUDIT JANUARY 27, 2022



City of Chicago Office of Inspector General
AUDIT OF THE CITY'S COMPLIANCE WITH THE TIF SUNSHINE ORDINANCE AND TIF SURPLUS EXECUTIVE ORDER



The City does not provide all of the TIF-related data items required by the Sunshine Ordinance to the public, but has substantially improved since October 2019.

While project budgets and other items are regularly available, others—including sustainable developments requirements-are not.

The City declared a surplus of 86% of unallocated funds across all TIF districts for fiscal year 2020, more than the 25% required by the TIF Surplus Executive O...