Bruman and IAC. "Robbing the TIFs" " chump change" the money was theirs to begin with. The TIFs are the ones stealing. Removing the schools and other taxing bodies revenue source and then at the end of the year handing half of what was stolen back does not make it whole. Doing this year after year compounds the shortage. If you don't understand this, then boy do I have a business deal for you;).The pension woes were caused by lack of revenue input from the city not from benefit payments. But Rahm's solution is to cut the benefits that are not the cause instead of finding the squandered revenue. Now that the city is being forced by the 2010 pension reform law to pay up, it is screaming broke while 1.7 billion sits in the TIF funds and other revenue sources are not even considered. BTW your silence on the transaction tax is deafening. The combination of TIFs,which a recent study concluded that they have not worked in Chicago, and giving tax breaks to developers and large corporations for fabled future tax revenue have starved the city agencies of revenue and deferred the inevitable. The city didn't want to pay for its obligations then and doesn't want to pay now. It wants something for nothing, a politicians fantasy.
To bruman, really sad, and IAC,et al. Your claims that no solutions are being offered is false. If you follow Joravsky's column, and it's obvious that you do, then you know it's in the TIFs. Stop positing that the only solutions are to raise taxes or make drastic cuts. The money is there, it's just being diverted from the original taxing body. Another source for revenue was proposed to Rahm when he visited a firehouse by a fireman that was there, a transaction tax on the trades done at the Chicago Board of Trade. After all,they are the financiers that had a hand in and are culpable in the financial crisis. Rahms response was that that is a nonstarter. Of course not because those people are his friends. You may praise Rahm for his "courage" in standing up against the city workers, but real courage would be shown if stood up to his friends and asked them to finally put some skin in the game. They took TIF money, they get police and fire protection, they get water and sewer ( It may be news to you, but their shit does stink and needs to flushed away), and their kids go to the CPS magnet schools or they send them to private schools using public streets that are maintained by city workers. Those are the solutions being proposed.