Read Bill to See Where Taxes Go, Including for TIFs
Cook County Treasurer Maria Pappas said today that property owners would be receiving
bills that show where their tax dollars are going, including for the first time
how much of a payment is for a Tax Increment Financing District.
"It takes a little study, but if you read your bill you will have a better understanding
of what's behind it," said Pappas, whose office this week mailed bills for the Second
Installment of Tax Year 2013, with a due date of August 1, 2014.
Bills carry taxes from seven to 20 local governments – taxing districts – and show
how much owed goes to each. These bills now will show how much of the amount owed
will go to a TIF, a taxing district which receives revenues for a fund to finance
development. About 220,000 of Cook County's nearly 1.8 million bills will include
Forbes Interview with Maria Pappas
Click here to read a recent Forbes Magazine interview with Cook
County Treasurer Maria Pappas regarding local debt.