Tuesday, June 3, 2008

STOP TIF ABUSE

Stop abuse of TIFs 2007
Now that you have your tax bill, are you still steaming? I believe we all understand taxes are necessary to pay for the services we receive. What makes me mad is the lack of interest in building tax systems that are fair and equitable. Year after year, the state Legislature has lacked the courage to reform the property tax system. What they did not lack the courage to do was allow Tax Incentive Financing to flourish. ...
The mayor of Chicago is not the only mayor using TIFs to support pet projects. It has become standard operating procedure for mayors throughout Illinois to use this money at their discretion. The money primarily goes to fund large development projects, not blighted or economically depressed areas. This is a flagrant abuse of taxpayer monies and needs to stop.
I have written my local representatives: Renee Kosel, Senator Christine Radogno and Cook County Commissioner Liz Gorman, asking for them for take action to stop this abuse. The one person who stood up, County Commissioner Mike Quigley, now is missing in action. The media doesn't see it as an issue.
If it's an abuse of the law, the attorney general should take action.

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