Ultimately, Friday’s meeting indicated there may be broad support for the bond proposal in the City Council. Even skeptical or inquisitive council members started or ended their testimony with positive remarks, echoing the need for a plan as TIF districts expire.
The bottom line is $1.25 bil bond proposal is asking alderman in relatively prosperous, high tax revenue generating wards to OK transferring tax revenue to poor low tax revenue generating wards. And just like BCH, it’s not clear who would have authority to decide who gets what $? City council alderman vote or board appointed by mayor (i.e. CTU)?
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.
The bottom line is $1.25 bil bond proposal is asking alderman in relatively prosperous, high tax revenue generating wards to OK transferring tax revenue to poor low tax revenue generating wards. And just like BCH, it’s not clear who would have authority to decide who gets what $? City council alderman vote or board appointed by mayor (i.e. CTU)?