Oh, you can’t make this stuff up! Head of Rio 2016 arrested for corruption. He had 30 pounds of gold bars worth almost $2 million. Can you imagine the level of corruption, waste and debt that Chicago would’ve wracked up?
Seven years after No Games Chicago did our work (with no support from any major civic organization, university or community group) the 2016 Olympics have begun. Some reporters have contacted us to get our perspective on the “Battle for the Bid” and the Olympic Games. Here is an interview from Chicago News.
The mainstream media in Chicago won’t cover TIFs. The aldermen are all rubber stamps who vote with the mayor 90% of the time. The university public policy shops are not interested. The downtown civic groups won’t look into TIFs. So it’s up to US to investigate and report on what happens to the almost HALF BILLION DOLLARS IN PROPERTY TAXES that Chicago’s TIFs suck up every year.
Help support the The TIF Illumination Project via this crowdfunding campaign today.
Let’s Illuminate Tax Increment Financing Districts by Tom Tresser
Rallying cry: Justice. Prosperity. For all. Make Chicago a city that works for everyone – not just the insiders and the mayor’s friends. More service, innovation and economic development – from the bottom up.
Calls to action: Stop privatization. Take back the meters. Re-open the closed schools – cut class size to no more than 20 students/class. World class students = world class workers = world class economy. There is no sustainable or just way to get there other than that. Can’t build another Ferris wheel on Navy Pier to get that job done.
How to get there (source of resources and funds):
General principle: Reuse. Re-cycle and re-create. If we use everything we have – we’ll have everything we need. (borrowed from Edgar Cahn, author of “No More Throw-Away People” – creator of time dollars and time banking).
(1) End TIFs, empty the TIF funds = $1.7 billion
(2) Financial transaction tax = $10 billion (split between state, county, city government)
(3) Bank of Chicago patterned after Bank of North Dakota (http://banknd.nd.gov ) = Huge local impact – would stop paying huge fees to corrupt and criminal Big Banks and would finance student loans, first time homeowners, small biz start-up & expansion and even back up local government finance for infrastructure – no more parking meter deals needed!
(4) Capture vacant land for local farming and production – at roughly $20,000 per lot could turn it productive to support two full-time workers making livable wage (estimate from Kenn Dunn – http://www.cityfarmchicago.org/our-roots is a few years old and would need to be detailed)
[Could combine #3 & #4 to transfer land, foreclosed homes to homeless and working poor]
(5) Millionaire’s Real Estate Surcharge – for every property in city valued at over $5,000,000 add surcharge to property tax – $10 for every $1,000 – would need data on # properties to play with this formula to see range of options. Benefit is that ownership is not an issue – that is, if you tried to pass a personal income tax the wealthy would just register address elsewhere. This way, regardless of legal ownership of properties, the new value is extracted. Place provision in ordinance that if a currently for-profit property is suddenly “gifted” to a nonprofit the property will still be assessed based on the new formula.
(6) Look at major capital equipment expenses – such as purchasing rail cars and computers and BUILD THEM IN CHICAGO in city-owned plants. Use technical high schools and city colleges as feeder/training platforms to prepare workforce and admin staff for these ventures. DON’T EXPORT OUR DOLLARS. KEEP THEM CIRCULATING IN CHICAGO.
(1) Conduct forensic audit on the entire city’s finance and personnel – review every hire and every contract – conducted by independent audit committee led by financial and human capital experts. Are there job descriptions, are people qualified, are they physically present at job site? Review every contract and especially every contract led without bid and under the minority allocation program which has been notoriously corrupt. Announce amnesty for ghost, patronage workers – resign now without pension and avoid prosecution. If workers are caught in our review and found to be improperly hired and not performing, they and their hiring manager will be prosecuted for theft.
(2) Review all contracts let by Public Building Commission
(3) Review all members and transactions of pension boards
(4) Review all upcoming labor contracts and strip out provisions that allow for stupid work and law suit rulings
(5) “One person one job policy” – all aldermen, city workers draw one payroll and are not permitted any other paying work
(6) Review the entire judiciary process – move to merit selection – start recruiting young people now to go to law school to be placed on bench within 6 years – if we can’t eliminate corrupt slating/election system, then start prepping our own team of young advocates to run in 2016 and beyond.
CHICAGO WORKS FOR EVERYONE.
Now you can own the data that has been driving the TIF Illumination Project all over the city for the past 18 months! Download your very own “TIF Atlas of Chicago Wards” at the TIF Data Store.
We’re using the new ward maps and you’ll see the shapes and names of all the TIF districts as well as the projects funded by TIFs IN EACH WARD. The projects are numbered and all you have to do is look to the appendix in the back of the Atlas to see the name, address, developer and amount of TIF dollars that went to that project. BUT WAIT, THERE’S MORE! We also plot on each ward map all the schools that were CLOSED or cut in 2013. In the back we list the closed schools and list all the cuts that we know of for each public school. More info: email@example.com.
The American Society of Civil Engineers says we need to invest more in our public infrastructure. We need more public!