Does CPS receive TIF funding?
Yes, the City of Chicago has committed TIF funding to CPS for school construction and improvements, including expansions, renovations and ADA improvements. TIF has also supported a range of other improvements at CPS, from new and improved playgrounds and lunchrooms to facility improvements. These enhancements provide quality of life improvements that benefit both students and staff. The use of TIF has not only allowed CPS to modernize many facilities located in TIF districts but it has also allowed CPS to redirect its own limited capital budget to CPS projects where there is not a TIF district and those TIF funds aren’t available.
