Pay no Attention to the TIFs Behind the Curtain
In the last few days Mayor Daley has been spreading the word that even though the city faces mountains of debt, there’s absolutely no way he will raise property taxes.
Last week he and schools CEO Arne Duncan announced that the Board of Education would rather take $50 million out of reserves than hike taxes for the cash-starved system.
And today he proclaimed that he would mandate furlough days for nonunion city employees to help close a budget deficit he says stands at “a couple of hundred million dollars.” But no new property taxes.
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