Newstips: TIF Reform, RALs

Newstips Editor Curtis Black reports the recent activities of Teachers and other community groups to push for reforms regarding TIFs and the city’s Corporate welfare towards big businesses–draining the CPS budget. Read more about it here.

Also, Black reports that the Woodstock and other consumer advocates have long called on regulators to clamp down on RALs – and on banks to stop financing them – arguing they are high-cost credit products which drain wealth from low-income taxpayers and communities of color. Read the full story at Newstips.

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