-- Connecting the dots between our economy, government and business --
Mayor Lori Lightfoot’s 2020 budget includes a $300 million tax-increment-financing surplus — the largest in Chicago history — just to help bankroll the $500 million offer the striking Chicago Teachers Union has already rejected, a top mayoral aide said Wednesday.
By closing out five TIF’s and scouring all of the others, Lightfoot has managed to generate $163 million for Chicago Public Schools. That’s $66 million more than the school system received last year.
The city will get $31 million of that new money to help defray its $838 million budget gap.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Does anyone know the cost of keeping open the schools that are at 10-20% capacity now compared to 2008? There was a list of at least 20 schools or more on this website. They are open 24/7 with heating/maintenance/repairs/etc. Cost must be in millions.