New Workshop @ The Lab – Chicago Finance – No Gimmicks

Is Chicago broke?

When city officials tell you the

budget is balanced and the city’s future is bright, are these statements grounded in fact…or are they a grand illusion?  Participate in this special symposium with Shelia Weinberg, CEO of Truth in Accounting, and explore:

  • The slight of hand the City of Chicago uses to “balance” its budget
  • The average household financial burden for Chicago residents
  • Are we headed to bankruptcy like Detroit or Stockton, CA
  • Possible solutions and how we can make Chicago’s and your own personal fiscal future rosier!

Sheila A. Weinberg, CPA, is the founder and CEO of the Institute for Truth in Accounting.  The Institute’s mission is to compel, in a nonpartisan manner, governmental entities to produce financial reports that are understandable, reliable, transparent and correct.

Since 2002 Ms. Weinberg has led the Institute’s research initiative which includes the “The Truth about Balanced Budget: a Fifty State Study”, the “Financial State of the States” and the “Financial State of the Union”.   Because of her expertise in governmental budgeting and accounting Ms. Weinberg has been requested to testify before the Federal Accounting Standards Advisory Board (FASAB), the Government Accounting Standards Board and numerous state legislative hearings.

The cost is $20. Please register online at https://tia-10-16.eventbrite.com.

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“TIF 101” Workshop September 17

Chicago_TIFs_Map Tom Tresser has been doing TIF Illumination workshops all over the city. Now you can see what over 1,600 other people have seen – how TIFs work REALLY.

Attend the “TIF 101” workshop at the CivicLab on Tuesday, September 17 at 7pm. 90 minutes. $10. You’ll be Illuminated! Register via EventBrite.

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39th Ward Parent Asks “Where Is Our Alderman?”

Rick_at_mikeRick Cardis was one of the organizers of the 39th Ward TIF Illumination held at the Belding School on August 27. Alderman Laurino had RSVP’d that she would attend. Instead, her Director of Economic Development John Riordan came for the first 20 minutes or so of the presentation. This is what Rick emailed to John today.

Thank you for attending the meeting last night.  It was nice to meet you.  I appreciated that we were able to connect on having children in or on the verge of being in CPS.  I worry that too many of our decision makers, like the mayor and CPS Board, don’t have children in CPS and cannot really relate to what parents experience and/or don’t have the urgency the rest of us have.  As I mentioned at the beginning of the meeting while you were still there, this year matters and the dollars that would come back to CPS through a TIF surplus declaration could make a huge difference to students being asked to deal with fewer resources.

I am disappointed Alderman Laurino backed out at the last minute.  We had a lot of good questions at the end of the presentation and it would have been helpful to have her there to answer questions and share her perspective on why she feels money spent through the TIF program is better appropriated for private businesses, like Whole Foods, than schools.  I realize that the alderman did not create the TIF program, that it is a state program, but I want elected representatives who stand up for me and fight for me when they see a program that is not placing a priority on public education, which is the foundation of our economy and a democratic society.  We simply cannot ask schools to do more with less while giving tax dollars to private businesses.  Perhaps the alderman believes TIF spending for private business at the expense of public institutions is a good thing.  I don’t know.  I wasn’t able to ask her.

I understand the 39th Ward Office is beginning to direct concerns over TIF funds to State Representative D’Amico.  I am aware the program was created by the state, but the city has the authority to declare a surplus and return a large amount of money back to the taxing bodies from which it was taken in the first place.  Alderman Laurino, especially in her new leadership role, should have the ear of the mayor.  I am asking that she advocate for her constituents by urging the mayor to declare a TIF surplus.  Our priority in economic development should be good schools.  That’s what I want her to fight for.

The Alderman and her family have been around a long time.  I assume they are well connected and influential.  Please ask her to use her influence at all levels in the city and state to bring about TIF reform that will protect schools, at least.  I’d like to have nicer parks, libraries, and public transportation, but we should at least start with reforms that protect schools from being robbed by TIF programs.

Thank you again for coming to the meeting.  I’m sorry you couldn’t stay to hear or answer questions from the people of the 39th Ward.  I am hoping that we can set up a meeting with Alderman Laurino so we can get her perspective on these issues and know whether she is for or against declaring a TIF surplus and reforming the TIF program.

Well said, Rick! Where was the Alderman? Where IS the Alderman? Where is YOUR Alderman on the issue of emptying the TIF accounts? On January 1, 2013 they held $1.7 BILLION!

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39th Ward Illuminated

Tom-39th_ward-EllynLord, it was HOT inside the Belding School auditorium tonight! And it just got HOTTER after the five TIFs of the 39th were Illuminated. Alderman Laurino was a no-show, No surprise. View all the TIF Illuminations here. Sign the petition to the Mayor – Empty The TIFs!

 

 

 

 

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Aldermen Attend 33rd Ward Illumination, Sign Check!

SRO-Aug_8It was a packed house at the 33rd Ward TIF Illumination on August 8, 2013! Over 120 people filled the community room at the Christ Lutheran Church in Albany Park to learn the details of the four TIFs in their ward. Aldermen Deb Mell and Ray Colon attended the full meeting and heard from parents and school children on the devastating impacts of the recently announced school cuts on their lives. They Aldermen were asked to pledge to take the $1.7 billion from the TIF accounts and send that money to the units of government that should’ve received those funds in the first place. They did so. Then they were asked to sign a giant check for $850,000,000 – the public’s share of that money. They did so!

The meeting was organized by The Albany Park Neighborhood Council.

Review the presentation by Tom Tresser here.

Mell_signs_check

Add your voice to the demand that the Mayor empty the TIF accounts and put that money to work for the people by signing this petition.

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Logan Square TIF Forum

TIFs_Logan_Square
Neighbors from Logan Square want to know what TIFs are doing to their community. Even though The TIF Illumination Project was supposed to be on summer break after doing 12 Wards in four months – we couldn’t say no. So – join us on July 18 at Haas Park at 6:30pm when we talk TIFs in Logan Square. Details and RSVP at Facebook, http://tinyurl.com/TIF-meeting-7-18.

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