A proposed ordinance to direct all of the city’s surplus Tax Increment Financing (TIF) revenue to Chicago Public Schools finally got a hearing in the Council Chamber on Friday, sparking a heated debate among aldermen that pitted the importance of needed local development against the needs of Chicago Public Schools.

No vote was taken on Ald. George Cardenas’ (12) Chicago Public Education Revitalization Ordinance, which would create an official mechanism for when the city would be required to direct all surplus TIF money to CPS. It was the last item considered during a nearly six-hour meeting, and most aldermen had left the chamber by the time it was called.

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