Months after Chicago Mayor Rahm Emanuel said budget constraints forced him to push for pension cuts and mass school closures, an analysis of government documents reveals the city has $1.71 billion in special accounts often used to finance corporate subsidies. While the Emanuel administration has rejected open records requests for details of the subsidies, evidence suggests at least some of them have flowed to companies connected to Emanuel’s campaign donors.
The analysis conducted by the TIF Illumination Project evaluated the city’s 151 tax increment financing, or TIF, districts, which divert a share of property taxes out of accounts obligated to schools and into special accounts under the mayor’s control.
WASHINGTON — Every day throughout the summer of 2006, seemingly without end, things just kept getting worse for Washington Republicans. Iraq was spiraling out of control, President George W. Bush was at the depth of his unpopularity. Congressional Republicans were mired in scandal. One was even caught sending dirty instant messages to young boys.
What followed was the Democratic wave of 2006, which handed Congress to Harry Reid and Nancy Pelosi, followed by a second wave ridden by Barack Obama into the White House. Pundits talked about the end of the Republican Party, or at best, a permanent rump status.