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Entries associated with the tag "Cook County":July 2nd - 8:36 p.m.
Not that most of us believed otherwise, but it's become pretty clear over the last couple of days that no one’s happy about Cook County’s new sales tax increase. On the one hand, it’s only 1 percent. This is a tax hike that can in most cases be paid for out of the "Give a penny, take a penny" bin next to the register at the 7-Eleven. On the other, the economy is already under stress, and Crain’s reported today that a ratings firm has lowered its assessment of the county government’s financial status from "stable" to "negative." What really seems to irk most people is where the money’s going: straight into the coffers of the county government of president Todd Stroger, whose name, fairly or not, has come to mean something like "wasteful, bumbling, and incompetent." For example: "the Stroger tax hikes," "the Stroger administration," "It’s really Stroger to keep the water running when you’re brushing your teeth." Still, the Cook County commissioner who in March cast the deciding vote to approve the sales tax stood by his decision again Wednesday afternoon. "It was the right thing to do, and in the long run it will save hundreds of millions of dollars for the taxpayers of Cook County," says Larry Suffredin, who’s based in Evanston. The savings Suffredin predicts would actually come from a reduction in waste in the Bureau of Health Services. Suffredin backed the tax increase in return for the creation of an independent body to oversee the bureau, which accounts for about $1 billion of the county’s $3 billion budget. Suffredin said that the county’s financial rating drop was troubling but unconnected to the sales tax hike—he said he’s been hearing predictions that it would happen for months. He also wanted to point out that while Chicago’s 10.25 percent sales tax rate is the highest in the nation, he'd only voted for a small share of it. "What was out there already was voted on by a lot of other elected officials before this," he says. "Not everyone agrees with my decision, but the purpose of my vote was, number one, to help stabilize the government so it’s not some embarrassment like the state has become, and number two to change the course of the one-third of the government that the health bureau makes up," he says. "You can’t continue to run it on millions of dollars in deficits, and you can’t turn away from all those people who need health care." The oversight panel—a mix of physicians, hospital administrators, and labor and corporate leaders—is promising, Suffredin says, though not perfect: "There’s one place it’s weak—it doesn’t have a professional finance person. But we’ll see how this is going to work.” Ideally, he says, the board president should also be stripped of the power to appoint the public defender, but Suffredin doesn’t sound like he's itching for another fight. "The county board is not a fun place to be," he says. "We had a forest preserve meeting earlier today at the Chicago Botanic Garden and I got to ride my bike up there. The best part of my job is being a forest preserve commissioner—this time of year they’re so green and beautiful. But when you get to the county side, it is still disheartening to read a story every day about something going wrong." February 26th - 7 p.m.
It's 2:30 PM on a Tuesday. Guess I'll just find the commissioner's office on my own. ![]() November 15th - 7:45 p.m.
A few weeks ago I was talking with some of my fellow TIF geeks about our favorite municipal subject, and we decided to make a friendly wager. How large was last year's TIF tax? Or to put it in measurable terms, how much did the city take in property taxes to feed its 150-some tax increment financing districts? You'd think this would be an easy question to answer. After all, the Daley administration posts the city budget on its Web page, and the mayor provides a figure during his budget address every year. But that doesn't give the whole picture. Last year the mayor said he was levying about $720 million in property taxes. In fact, it was much more if you add in the TIFs. How much more? Up to now Cook County clerk David Orr, whose office collects the data, has released them only in a form that's less than easy to parse. This year, for the first time ever, Orr promised to publish totals. So while Orr's bean counters went over the numbers, my friends and I guessed. The county budget analyst put the total at $425 million. The planning professor predicted $420 million. Ever the pessimist, I guessed $445 million. Boy, were we off. Today Orr released his figures. In 2006 TIFs gobbled up more than $500 million dollars in property taxes. $500,369,348.17, to be exact (click on "Chicago TIF revenue totals by year"). Instead of a $720 million tax levy, the city extracted more than $1.2 billion in property taxes. Orr's report is filled with eye-opening numbers. After averaging $60 million in annual growth between 2001 and 2005, TIF revenues exploded by $114 million between 2005 and 2006, 57 times the roughly $2 million the entire program took in 20 years ago. The city's total take since the first TIF was created in 1984? $2,534,701,105.72. Orr even broke it down by district. So now we know that a program designed to eradicate blight in low-income neighborhoods has raised more than $1.356 billion for 11 districts in the Loop, the Gold Coast, and the near south and west sides. After I called the geeks to gloat about winning the bet we got around to wondering what the 2007 TIF tax will be. I say we'll easily top $600 million. But don't take my word for it. Go to the Orr's Web site and see for yourself. Read it and weep. |
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