Chicago’s “hidden budget” — a $2 billion+ secret financial stream tied to tax increment financing districts — quietly reshapes how the city spends, diverting property tax revenue from schools and parks to fuel development projects. Critics demand transparency and reform, arguing this opaque system skews priorities and undermines accountability. Untangling it could unlock vital funds for essential services, but changing decades-old structures is a long, complex journey — and understanding this hidden money is key to seeing Chicago’s true financial landscape.
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