Lightfoot accounced that the city would realign “more than $750 million in public funding over the next three years” toward 10 neighborhoods on the city’s South and West sides as part of the INVEST South/West program.
That money will come from $250 million in existing pools: tax increment financing (TIF), the Small Business Improvement Fund (SBIF), and the Neighborhood Opportunity Fund; plus $500 million in already planned infrastructure improvements around transportation, housing and “quality of life enhancements.”
A republication of our Wirepoints article.
Comment: Very fishy. We will be taking a closer look.
The referenced report is by The Civic Federation and is linked here.
A network of area churches this summer banded together to take on the debt collection system that profits “on the backs of poor people”; to help restore bad credit marred by medical debt; and to inspire joy, said the organizers, the Rev. Otis
Illinois Chamber of Commerce CEO Todd Maisch said state funding is there for five years under the Rebuild Illinois plan. However, he said the federal government, which sends tax dollars to Illinois for infrastructure, wants to see a ten-year infrastructure plan.
What they cannot accomplish legislatively or at the ballot box they seek to implement by holding students hostage.

Wirepoints’ Mark Glennon: The biggest risk of the new plan is that it might pave the way for full consolidation of local pensions, with the state assuming liability. That would eliminate the key benefit of municipal bankruptcy, which is the power to adjust pensions, and authorization of municipal bankruptcy is probably inevitable.

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