I was asked to give a few “now what” remarks at the end of this forum on running for office in 2015 as progressive standard bearer. Listen to these remarks (with introduction, 4 1/2 minutes).
How can Chicago be broke? The city has paid out $737.1 MILLION in legal settlement and judgement expenses in the nine years of 2003 to 2012. 65% of that is police-related litigation.
$96 MILLION has been spent by the City and Cook County defending Jon Burge and settling with his victims.
In addition, the City has spent $176 million over the past eight years in outside legal fees!
The City has spent a whopping $913,1 MILLION on legal messes.
I should’ve gone to law school!
I gave this presentation to the Loyola Law School’s Public Interest Law Program Thursday. The audio is 47 minutes. If you’d like a copy, email me at tom@tresser.com.
Chicago Ideas Week founder and chief honcho Brad Keywell (Groupon) ran a full page ad in today’s Chicago Tribune (my scanner isn’t big enough to get it all – this is like one third)…
Thing is, Brad and his wife, Kim each gave the mayor $5,300 for his re-election effort. This from his campaign’s October 2 A-1 report.
The ad gushes about Emanuel, “His vision is raising a city higher than its tallest buildings.” Really? What about the 49 school closings. The $68 million in cuts to the neighborhood schools left standing. The closing of public health clinics. The layoffs of public sector workers. The cuts in service to the CTA. The ever expanding privatization of city services – likehow we pay to get onto subways and buses and the pending shut down of city mammogram programs.
So here’s an idea for Chicago Ideas Week – throw the investment bankers out of City Hall and end the patronage, corruption and insider trading that stands for public policy here. We need MORE public, not less.
At least ONE of the major reasons. Because the state’s contribution to public education is so shockingly low, school districts in Illinois rely heavily on local property taxes to fund their schools. So, anything that diverts property taxes from public schools places a burden on an already under-funded public education system. Likewise, if you live in a town or city where the property tax revenues are high, your school system will be better off. From “Illinois Kids Count 2013.”
Sign the petition aimed at Mayor Emanuel – “Empty the TIF accounts!“
Thanks to eight volunteers The TIF Illumination Project has analyzed all 154 of Chicago ‘s 154 2012 TIF Annual Reports. We determined that at the end of 2012 these TIFs had a combined fund balance of $1.7 billion. See this page for the rest of our findings.
The Mayor has announced plans for hundreds of millions of dollars on tourism-related construction, including 10,000 seat basketball arena for DePaul University near McCormick Place. According to the Chicago Sun-Times, the project will require $103 million in public finance and TIF-related dollars. Read DePaul’s description of the project.
When you read the hy
pe, you hear phrases like “world-class destination” and “tourism mecca” being offered as visions for the city. The plan includes giving DePaul naming rights to the new stadium. The President of DePaul, Rev. Dennis Holtschneider said “I’d like to keep our student tuition from rising. Any way we can keep the cost down so I don’t have to put this on student tuition is a wonderful thing.” I’d like to keep my property tax bills down. I’d like to keep our public schools open and hire more teachers. I’d like to expand public transportation, not cut service. Giving DePaul, the largest Catholic university in America over $100 million of public dollars for a private stadium is a gross misuse of public funds.
DePaul’s 2013-2014_budget is expecting revenues of $629,557,366! Why do they need our $103 million for their facility?
It’s another example of…
It’s time to shed some light on the 11 TIFs inside the 4th Ward. Join us on Monday, May 13 at 6pm at Room 43 to learn:
– How much property tax is extracted from each TIF inside the ward
– How much money FROM the ward was left in the TIFs at the end of 2011
– What projects inside the ward got funded
You can get the details and RSVP here: http://tinyurl.com/
The Chicago Tribune reported the obvious today.
Check out this comprehensive article on the Chicago Infrastructure Trust from Next City. I’m the voice of dissent in the piece. But the presence of the ad by Mayer Brown under the picture of the Mayer says it all.
