CHICAGO - Tax increment financing districts collected nearly $900 million in Cook County last year, including about $555 million in Chicago, according to a new report by county clerk David Orr.

The TIF revenue - which is diverted from coffers of taxing bodies to fund projects within the districts - represents a nearly 11% jump from 2006 at a time when both the city and the county face structural budget deficits stemming from dwindling tax collections in other areas and rising costs.

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