Rahm + the Red Line TIF


Rahm plants seeds for Red Line TIF while
Chicago panics over Trump

As the mayor once said, “You never want a serious crisis to go to waste.”

fob_politics-cta-red_line-taxes-magnumWhile much of the country was losing its collective mind over the prospect of a President Trump, Chicago’s City Council unanimously passed Mayor Emanuel’s budget.

After the November 16 vote, the mayor and aldermen congratulated themselves for not raising property taxes in next year’s budget, at least not over and above the millions they’d raised earlier in the year.

Meanwhile, another proposal was swiftly flying through a separate approval process. And this one amounts to a $625 million property tax increase the mayor plans to use to rebuild portions of the Red and Purple Lines and construct the Belmont Flyover (which would allow the Brown Line to bypass Red Line tracks as it pulls into the Belmont station).

So how can the mayor and aldermen say they’re not raising property taxes when actually they’re about to do just that?
Link to the full article