SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
New TIF money to be declared a surplus?

Tuesday, Apr 15, 2014

Posted by Barton Lorimor (@bartonlorimor)

* From the WTTW-TV page carrying a recent Chicago Tonight interview…

“One of the consequences of the property tax increase is more property tax revenue in TIF [Tax Increment Financing] districts,” Burns said.

There are 153 TIF districts in the city, and typically, any additional increment generated would go into the TIF districts, according to Emanuel spokeswoman Kelley Quinn.

“Aldermen Burns and Pawar came to the administration with the idea that any additional funds generated in TIFs would immediately be declared a surplus. It was a good, creative idea that the mayor fully supported,” Quinn said in a statement. “This means that CPS will get 50 percent of the surplus, while the City will receive 20 percent, of which will go towards pension payments.”

I haven’t seen any react from the CTU just yet, but Karen Lewis has been full of new revenue ideas as of late, including Ald. Fioretti’s commuter income tax…

“Revenue is the issue,” says Stacy Davis Gates, Political Director with the Chicago Teachers Union. “Pensions are not the issue. He proposed a commuter tax. He also proposed other innovative ideas.”

* By the way, while we’re on the topic of Fioretti…

ld. Bob Fioretti (2nd) slammed Mayor Rahm Emanuel Monday, calling some of his decisions “inescusable” and saying his administration had “fumbled” many projects.

He also said he’s been mulling a mayoral run in next year’s election while “meeting with people all across the city in every ward.”

“I’m honored and I’m encouraged by the responses that I hear,” he said at a City Club of Chicago luncheon Monday. The alderman promised he “will make the announcement at an appropriate time, in the appropriate place.”

* To get back to the pension issue, though…

The dialogue regarding why the Senate Republicans voted against this proposal but put green lights on others, and how the state might handle other communities that come to Springfield to adjust their pension systems is especially interesting in the long run. Now that the Mayor has broken through, others are saying they will follow…

“Personally, I was patient until Mayor Rahm Emanuel went to Springfield and showed the rest of the mayors of the state how to get it done,” Hanover Park Village President Rodney Craig said. “Then my patience kind of runs out.”

Because the General Assembly made pension reform happen for Chicago, Craig said, “I want the same level of commitment to the municipalities of the rest of the state.”

On Monday, Craig and other members of the DuPage Mayors and Managers Conference met with the Daily Herald Editorial Board to insist a state law that reduces pension benefits for police and firefighters is needed to stabilize municipal budgets and prevent pension systems from collapsing.

* Related…

* Rauner urges Quinn to veto Emanuel’s pension bill

* Ald. Pawar Kicks off Re-election Bid, Says ‘Maybe’ to Future Mayoral Run

- Posted by Barton Lorimor        


20 Comments
  1. - RNUG - Tuesday, Apr 15, 14 @ 8:18 am:

    Just the start of the maneuvering. I predicted, once the State level pensions were “addressed”, Chicago would be looking for a pension bailout / help of some kind. Now that Chicago is being “helped” (but not financially yet), other (non-IMRF) government bodies want “pension relief” also.

    Since the IL Constitution applies to all government entities in the state, this is all really premature until we know the final fate of State level “pension reform”.


  2. - Friedman - Tuesday, Apr 15, 14 @ 8:23 am:

    “Karen Lewis has been full of new revenue ideas as of late”
    Yeah, I’ll bet she is. She’s full of a lot of other stuff too.


  3. - lake county democrat - Tuesday, Apr 15, 14 @ 8:41 am:

    I have a hard time getting past Fioretti’s dismissive view of the Constitution when he worked to oust the “Felony Franks” hotdog stand because he was offended by their joking name (the company hired ex-cons to rehabiliate them).


  4. - Just Me - Tuesday, Apr 15, 14 @ 9:34 am:

    Commuter tax: Raising taxes on other people is always politically popular.


  5. - Walker - Tuesday, Apr 15, 14 @ 9:45 am:

    Burns is no fool. A simple mechanism to transfer excess funds generated by a tax change, to where they are needed. TIFs are too powerful, restrictive, and numerous, as it is.

    What I’d like to see is an open acknowledgement by all, regardless of party, that our current state annual operating budget is producing a surplus as well. Part of our increased available funds have been used to fully meet ramped up pension obligations, and the remaining surplus is being used to pay down a significant amount of overdue bills.

    We’ve got big problems still, and much more needs to be done, but our current state budget is in surplus and starting to clean up sins of the past.

    That’s reality, but no one’s clearly saying it.

    I always laugh when I hear someone complaining that we don’t have a “balanced budget” as if that is a crime. They never add “because it’s now in surplus.”


  6. - Robert the Bruce - Tuesday, Apr 15, 14 @ 9:58 am:

    Fioretti would be lucky to get 25% against Rahm.

    But I wonder if Rahm recognizes Burns and Pawar as potential mayoral opponents some day, and does that make him more open to their ideas on TIFs?


  7. - wordslinger - Tuesday, Apr 15, 14 @ 10:23 am:

    I’m sure Fioretti and Pawar are trying to get CTU and other unions to back them. They won’t be able to raise the money Rahm does, but it’s not like Rahm is a popular guy in the city these days.


  8. - Rod - Tuesday, Apr 15, 14 @ 11:33 am:

    The TIF [Tax Increment Financing] solution to every fiscal problem
    Chicago or the Chicago Public Schools has effectively and for years propagated by Ben Joravsky of the Reader. There is no question that the TIF pot has been used as a project slush fund for years in Chicago, but using TIF surpluses in order to avoid an honest discussion of Chicago’s very low property tax rate is really absurd.

    The truth is Chicago may have to use all fiscal venues including property tax rate increases, creative taxes like the commuter tax, and releasing TIF funds were possible to keep all four of the pension funds a float. TIF’s by the way have friends in the trade unions and developers, just attend a conference sponsored by the Illinois Tax Increment Association to see the construction trades unions. Almost all TIFs involving public infrastructure projects use unionized construction workers.

    I do not even want to contemplate the legitimate issue Rnug raises about the constitutionality of benefit limitations imposed by these various bills. If these are found to be largely unconstitutional the cost to the tax payers and citizens of Chicago will be even greater.


  9. - yo - Tuesday, Apr 15, 14 @ 12:19 pm:

    what is the deadline for a supreme court decision on pension bill, anyhow?


  10. - Barton Lorimor - Tuesday, Apr 15, 14 @ 12:32 pm:

    connor - Rich approached me about filling in for him days before any of those posts. Skepticism over cynicism, please.


  11. - Belle - Tuesday, Apr 15, 14 @ 1:02 pm:

    Fioretti has been my Alderman for the past year and it was pretty clear, as of a year ago, that this was on his mind.
    Daley/Rahm decided to give Fioretti in a kind of sink-or-swim more. It involves all kinds of far-flung neighborhoods instead of his typical South side. Many of these areas (parts of Reilly, Waguespack, Smith, and Moreno’s Wards) are fairly wealthy. They actually exposed him to more money. It will never be the amount that he needs to face off against Rahm but it sure changes the situation.


  12. - Yellow Dog Democrat - Tuesday, Apr 15, 14 @ 1:44 pm:

    @Robert the Bruce:

    Rahm probably recognizes everyone as a potential opponent some day.

    That said, he can only really worry about the realistic opponents who could possibly beat him. I count about half a dozen. Pawar is not on that list. He has a total of $22K on hand.

    Fioretti: $200K

    Danny Davis: $250K

    Quigley: $500K


  13. - wordslinger - Tuesday, Apr 15, 14 @ 2:02 pm:

    –Quigley: $500K–

    Has Quigley expressed an interest in running for mayor? I hadn’t heard that.

    Can’t see it now, but I’ll have to ruminate on that. If you have any ambition at all, being in the minority in the U.S. House is a pretty boring gig.

    Preckwinkle, of course, is the intriguing potential candidate. But I don’t see how she could run for re-election to county board prez then lurch right into a mayor’s vote four months later (with the distractions of the holidays in-between).


  14. - A guy... - Tuesday, Apr 15, 14 @ 3:15 pm:

    My own take on this is Quigley likes it where he is. I don’t see him going high stakes here. Someone remind me, isn’t Rahm the guy who helped engineer him into that seat in the first place? If so, that dog don’t hunt.


  15. - Yellow Dog Democrat - Tuesday, Apr 15, 14 @ 3:45 pm:

    Wordslinger:

    Mayor Daley did it.

    The thing with Preckwinkle is: she arguably has the better job. From County Board President to Mayor is more or a lateral move than a promotion.

    @A guy -

    Yeah, minority in Congress is awesome.

    C’mon. Quigley went from being in the papers every week and praised by the editorial boards every month to invisible man.

    If he doesn’t miss that spotlight, he is rarest among elected officials.

    Complete the sentence: “Since his election to Congress, Mike Quigley’s major accomplishments include….”

    I would have said that the tough hurdle for Quigley is he is not a Chicagoan, but a suburban native, but that did not seem to slow down Rahm.


  16. - wordslinger - Tuesday, Apr 15, 14 @ 4:16 pm:

    –Someone remind me, isn’t Rahm the guy who helped engineer him into that seat in the first place?–

    If I recall correctly, when designated future chief of staff Emanuel recklessly got caught on FBI taps talking crazy with obviously-soon-to–indicted Blago about “appointing” a seatholder for his Congressional seat (which neither one of those brain surgeons realized was not possible), the choice wss Claypool.

    That’s when I knew Emanuel was full of stuff. How in the world could a “smart guy” get on the phone and talk deals with Blago in late 2008, and put the president-elect in that sort of danger?

    Those conversations led to president-elect Obama being interviewed by the FBI about what those two rocket scientists were up to.

    Do you understand how dangerous that was? You can lie to a cop; if you lie to a federales, even without taking an oath, it’s a felony. An FBI agent can interpret a misstatement or a faulty memory as a lie, and here comes the indictment.

    Rahm’s a lightweight, a fundraiser and a spinmaster. That’s it.


  17. - 47th Ward - Tuesday, Apr 15, 14 @ 5:31 pm:

    YDD, I’ve worked on both sides of that building, including for a Board President. You might be the only person alive who thinks being Mayor is a lateral move. It’s a huuuuuge promotion for anyone else.

    Cook County Board President is the red-headed step child of executive jobs. All you really get to do these days is run the Forest Preserves and pay the bills.


  18. - wordslinger - Tuesday, Apr 15, 14 @ 6:13 pm:

    –The thing with Preckwinkle is: she arguably has the better job. From County Board President to Mayor is more or a lateral move than a promotion.–

    You can’t be serious.


  19. - RonOglesby - Tuesday, Apr 15, 14 @ 7:12 pm:

    “Rahm’s a lightweight, a fundraiser and a spinmaster. ” And a junior level bully to get his way.


  20. - Johnny Justice - Wednesday, Apr 16, 14 @ 1:16 am:

    It will be hard for anyone to mount a challenge to Emanuel’s enormous political war chest, but if anyone can, it is Fioretti. He is articulate, smart, and charismatic. He has strong support in the African -American community. If he had the same money as Rahm, Fioretti would win hands down. Question is does he still beat Emanuel if he is outspent 10-1?


Sorry, comments for this post are now closed.


* *** UPDATED x2 - Cullerton responds *** Rauner won't schedule leaders meeting until Dems "are ready"
* Mendoza bumps manager bonuses to back of the line
* Caption contest!
* CPS prospectus includes mention of "hypothetical bankruptcy"
* Fun with numbers
* Question of the day: Golden Horseshoe Awards
* CMS blames AFSCME for halt to bonuses
* Good news and not so great news in Site Selection report
* Chris Kennedy added to "Boss Madigan" list
* *** UPDATED x1 *** Are we really going to have to wait until 2018?
* Rauner's dark money prince could wind up running the RNC
* Madigan on the attack, offers to discuss modified version of "Turnaround Agenda"
* IMA says Rauner signature on Exelon bill weakens manufacturing
* It's more than just a website and e-mails
* Kennedy may file candidate papers "in short order," while Bustos moves up DC ladder
* Del Mar gets his plum
* Emanuel meeting with Trump this morning
* So now they tell us
* *** UPDATED x1 - Cullerton optimistic but firm *** Rauner slams Madigan for refusing to put forward a budget, wanting a tax hike, stalling to force a crisis
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Galaxy Beta Program shows off TouchWiz’s new name: Samsung Experience
* Android app updates are getting 65 percent smaller
* Snapdragon 835 benchmark affirms octa-core design
* Sprint and Niantic partner to bolster Pokemon GO stops count
* Canadian Note 7 service stoppages take effect December 15
* Release date for Honor Magic concept phone is December 16
* No shipments for Pebble Time 2, Core, Time Round with Fitbit acquisition

* Moncada welcomes expectations awaiting White Sox
* In span of day, White Sox system skyrockets
* Kopech next in long line of Texas fireballers
* White Sox land Giolito, 2 more prospects for Eaton
* In rebuild mode, Hahn has 5 assets to deal
* White Sox GM Rick Hahn is the prospect collector
* Best prospects traded in past 25 years

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Illinois Gov. Rauner signs bill sparing 2 nucle.....
* Sneed: Trump’s tip of the hat to Emanuel..
* Rauner signs energy bill as ComEd announces del.....
* Editorial: Emanuel stands up for vulnerable Chi.....
* Illinois Gov. Rauner signs bill sparing 2 nucle.....
* Rauner asks Democrats for budget proposal, dela.....
* Rauner asks Democrats for budget proposal, dela.....


* Energy Department grants to fund Illinois CO2 projects
* Suburban tobacco store manager sentenced in tax case
* Group offers reward to fight dog fighting in DuPage County
* Illinois firearm deer harvest down 8.5 percent this year
* Chicago officer convicted of perjury, 2 officers acquitted
* Doctor: candy that sickened students contained marijuana
* Purported Chicago gang leader to jurors: Gang never existed
* Illinois Gov. Rauner signs bill sparing 2 nuclear plants
* Rauner asks Democrats for budget proposal, delays meeting
* Comptroller: State employee bonuses on hold during impasse

* Springfield-area veterans join pipeline protest
* Rauner asks Democrats for budget proposal, cancels meeting
* Comptroller: State employee bonuses on hold during impasse
* Rauner signs Exelon subsidy to spare 2 nuclear plants
* Rauner to sign Exelon subsidy to spare 2 nuclear plants
* Judge blocks administration from imposing contract on AFSCME
* State budget still elusive as leaders lash out
* Illinois budget still elusive as leaders lash out
* Killer of former central Illinois man sentenced to probation
* Prosecutors: Don't move Aaron Schock trial out of Springfield

* Lothian hands CEO title to newsletter editor
* Chicago is getting another newsroom
* Another newsroom is coming to town
* Boeing sweats under Trump spotlight as SoftBank feels warmth
* What's pushing the markets to new highs today?


* 7 people shot Wednesday on South, West sides
* 13-year-old girl disappears from Uptown
* Trump chooses hardliners but talks softer on immigration
* Aroldis Chapman signs five-year deal to return to Yankees
* MGM National Harbor ready for its Maryland debut
* 17-year-old boy shot in Chicago Lawn
* Snapchat photo leads to man’s arrest in beating of 3-year-old
* Riot Fest’s Sean McKeough befriended bands he admired as a boy
* In forest preserves, chicken, goat heads could be signs of ritual
* Rauner signs energy bill as ComEd announces delivery bump


* Report: Aroldis Chapman, Yankees reach deal for $86M, 5 years
* Hoax beliefs fueled death threats to Sandy Hook parent, Florida woman charged: Feds
* Campus officer shot teen armed with knife at Nevada high school
* New York restaurant threatened by Pizzagate hoax callers
* Don't dismiss Vic Fangio leaving Bears just yet
* Trump retaliated against Carrier's union leader on Twitter. Then his phone started to ring.
* Ohio legislators approve what would be the country's toughest restriction on abortion
* Crowd braves cold to remember slain Dolton rapper
* Theo Epstein: Position players outside Cubs core fair game in trades
* First look: White Sox prospects acquired from Nationals


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Bernard Schoenburg: Bustos gets leadership post, criticizes Rauner
* Our View: Lawmakers should withdraw their lawsuit over paychecks
* George Will: The sensitivity police strike again
* Eugene Robinson: The proliferation of fake news presents real perils
* Guest Column: The Trump Administration faces extremism/terrorism
* Springfield-area veterans join pipeline protest
* Rauner asks Democrats for budget proposal, cancels meeting
* Comptroller: State employee bonuses on hold during impasse
* Rauner signs Exelon subsidy to spare 2 nuclear plants
* Rauner to sign Exelon subsidy to spare 2 nuclear plants


* Louisville rolls over SIU men,74-51
* Rauner asks Democrats for budget proposal, delays meeting
* PHOTOS: Pearl Harbor Remembrance Ceremony at Nelson Park
* Missing Pekin boy's case spotlights difficulties with truancy intervention
* PODCAST: SportsTalk 12-07-16
* Telephone help, new United Way headquarters coming
* Christmas Fund: Honoring late husband's memory by helping others
* Communities celebrate signing of Exelon energy bill
* Illinois Community College Board adopts formula to distribute $3 million in emergency funds
* The Southern seeking nominations for Person of the Year


* Capitals lose 3-goal lead, recover to beat Bruins in OT
* Plum's 30 leads No. 11 Washington women to 101-44 win
* Extra effort in Wauconda's win
* Elgin crash backs up traffic on Randall Road
* Des Plaines event honors survivors, fallen from Pearl Harbor attack

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* House Democrats Press Obama To Do More To ......

* Sen. Mark Kirk Praised During Senate Floor......

* Santa Sleighed
* Roller Skate With Santa At Margate Park
* Illinois Bible Colleges Head to Court of Appeals
* Thorner: Grassroots pushback essential for Trump to appoint pro-life nominee
* IL GOP jabs possible Dem gubernatorial nominee, three more lawmakers
* Trump taps Iowa Governor Branstad for Ambassador to China
* Chicago YPN raises more than $400 for Salvation Army
* Governor Announces Appointments to Illinois Bicentennial Commission
* Skillicorn refuses legislative pension, plans to introduce ban for state office pensions
* 13 Facts that Should Be Etched on Castro’s Tombstone and Highlighted in Every Obituary


* Governor’s Export Awards Recipients Announced
* Governor Signs Legislation to Protect Jobs, Ratepayers and Taxpayers
* Give The Gift Of A Lifetime With A College Illinois!® 529 Prepaid Tuition Plan - College Illinois! can help limit or even eliminate future student loan debt
* Illinois Department of Veterans’ Affairs Hosts 75th Pearl Harbor Remembrance Day Ceremony
* IDHR Issues Reminder of Fair Housing Rights During Holiday Season - State law prohibits targeted, discriminatory restrictions on decorations and celebrations




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller