Robbing the TIF to Pay the School Board?

Some local Chicago news that may be of interest... the Chicago schools are facing a budget shortfall of an estimated $500 million. The teachers' union is proposing to "close" the TIFs, which are numerous in the city, and send the money to the school board.

While the proposal seems to be gaining ground politically, I have seen little discussion of the potential legal pitfalls.

More on the story here: https://www.cbsnews.com/chicago/news/chicago-teachers-union-cps-tif-funding-budget-deficit/

Stephen R. Miller, Northern Illinois University COL ([email protected])