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"...(M)any municipalities use the tax dollars to augment their budgets, utilizing the money to pay for administrative and police salaries. Meanwhile, millions more are spent with no officially reported purpose at all...The selective reporting requirements of the Illinois Comptroller’s Office make it nearly impossible to track these expenditures at best, and at worst may be helping to mask millions in misspending."
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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No, millions of TIF dollars spent are not compliant.
There is nobody in Illinois government responsible for checking.
If illegal use of funds is found, there is nobody in Illinois government empowered to do anything about it.
Taxpayers MAY be able to file a ‘Tax Objection Lawsuit”.
But, by law, this cannot be a class action suit, so all damaged taxpayers in a community need to sign up individually. And few or zero Illinois lawyers want to take a one-off Tax Objection Lawsuit case in a jurisdiction which throws them government business from time to time.
Eliminate TIFS
Hidden millions. Has anybody checked the pockets of our corrupt elected officials? Seek and Ye shall find.
Cayman Islands is my best guess.
Thank you corrupt politician for your down vote
Hmm, a new word to add to my lexicon; misspending. I used to date her back in the 80s in Detroit but looks like she followed me to Illinois.