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TIF

How It's Used

"The Daley administration routinely undertakes enormously complicated ventures involving vast sums of money with minimal public scrutinythe privatization of the Skyway and the Grant Park garages; the effort to do the same with Midway Airport (that deal fell apart because the private partner couldn't raise the cash); Millennium Park; tax increment financing (TIF) projects all around town."

—Cecil Adams, "So What's the Bottom Line on this Parking Meter Thing?" The Straight Dope, 16 Jul 09.

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Beyond eAlmanac
Wikipedia article on tax increment financing.

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