There always seems to be money for some parts of the city and treasured projects favored by the mayor and his allies. But most of the city, beyond the Super Loop of five wards, still looks like it did ten or even twenty years ago.
- See more at: http://www.wearenotbroke.org/introduc...
There are many reasons to distrust the mayor when he says Chicago is broke.
There are many examples of civic problem solving throughout the city that deal effectively with perplexing and long-standing social and economic problems. They are run by civic champions who have passion, skill and experience. They just lack power.
And money.
So this book is an attempt to correct the record. To gin up a serious city-wide conversation about what is possible in Chicago.
The book is divided into three sections.
Section One is about money that has been stolen from us. This is money we should not have spent and should not continue to spend. We have corruption experts Professor Dick Simpson and investigative journalist Thomas J. Gradel starting us off with “The Cost of Corruption in Chicago.” Then we have “The Cost of Toxic Bank Deals for Chicago” by Jackson Potter of the Chicago Teachers Union and concluding with “The Cost of Police Abuse” by Jamie Kalven of the Invisible Institute (and recent Polk Award winner for his reporting on the killing of Laquan McDonald).
Section Two is about money that is hidden from us. This is a one-chapter section featuring my piece, “TIFs – Billions Off the Books.” This is about the property taxes collected by Chicago’s Tax Increment Financing districts.
Section Three is about money we are not collecting but should be. Here Hilary Denk of the League of Women Voters of Illinois writes about “A Progressive Income Tax for Illinois.” Professors Ron Baiman and Bill Barclay of the Chicago Political Economy Group speak to “A Financial Transaction Tax for Chicago.” Amara Enyia, a candidate for mayor in Chicago’s 2015 election, addresses “A Public Bank for Chicago.”
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