Rahm Finds MORE Money
- The city unveiled plans Thursday for the largest modernization of the CTA Blue Line since the O’Hare branch was built 30 years ago, a four-year overhaul that officials say will shave 10 minutes off travel between downtown and the nation’s second-busiest airport.
But things are going to get slower before they get faster.
The $492 million track and station rehabilitation project beginning in the middle of next year will mean rolling delays for the more than 80,000 weekday commuters who board at stations on the branch as well as visitors who ride the train into the city after landing at O’Hare, transit officials said.
$492 million. And that's on top of the following:
- ... the recently completed $425 million reconstruction of the 10-mile stretch of the Red Line Dan Ryan branch
- Construction will begin in the spring on a $240 million project to rehab and expand the 95th Street terminal
- $92 million in TIF dollars on a basketball arena for DePaul and a hotel for Marriott
That's over a billion (billion with a B) that Rahm is spending on anything except the pension obligations, $500 million of which is due next year by State law. Anyone else seeing a problem where the narrative being pushed by Rahm and his tame media outlets doesn't match the facts on the ground?
Labels: money questions
posted by SCC at 12:05 AM
70 Comments:
almost (just under) 400 million comes from Chicago money. feds kicked in 47 million. state il about 100 million.
FOUR YEARS of construction, debris, delays, interruptions, to get downtown TEN MINUTES FASTER, four years from now. Well, certainly that's worth every penny of the minimum HALF a BILLION dollars this is going to cost.
THIS BETTER GET TO THE ARBITRATOR!i hope the fbi is listening!
I think the Mayor gets some kind of dispensation for spending the money on mass transit. spending money on mass transit is almost like a holy act. Pensions, not so much.
SCC! I have a better headline! FOP President Mike Shields saves Chicago 20 Million Dollars!
This is how revolutions start. ...and this is why they want our guns.
Prancin' and candy-dancin' like a giddy school girl on a sugar jag...
Maniacal, insufficiently medicated, Simon Bar-Sinister looking m/fer who has none of the cares and concerns of regular working people.
That $18 Million he stole via insider trading at Fannie/Freddie courtesy of Brucie Rauner is probably all stuck together because he self pleasures on it at every opportunity...
"Fuck you little people!"
Rahm wants you to listen to what he says not pay attention to what he does.
Rahm wants pension "reform" for us so he can "find" all kinds of money.
Poor Rham. It's gonna be real hard to threaten Ch. 9 when you keep pissing money away dude. I really wouldn't mind taking a "haircut" or volunteering to "Pension reform (ripoff)" if I knew the city was really trying to do the right thing with the money.
OT: I still laugh at Rham's BS about the speed cameras making the streets safer for the children. If this guy was really about making it safer he would have installed speed bumps. A speed camera certainly is a deterrent but it won't stop someone from doing 60 mph down a street filled with children. Ever hit a speed bump going to a job at a high rate of speed? Bump does not care you are a cop unlike a speed camera. That bump slows you down forcibly.
Dude quit trying to scam and pay the city's fair share already. The law was already passed by your former colleagues in congress. Yet people will vote for this guy come re-election time.
Is this not where a federal judge should step in and do something ,he get's paid for? Is this not where the FOP and the Pension board get's elected for?
"That's over a billion (billion with a B) that Rahm is spending on anything except the pension obligations, $500 million of which is due next year by State law."
The sad reality here is more people believe that they will benefit from improving the CTA than from funding the pensions of what, < 10,000 active and however many retired coppers there are.
rb
You forgot the $ 800,000,000 (yes, 800 million is correct) that he is spending on a new enclosed rental car building at O'Hare.
The largest single project ever at O'Hare.
• ... the recently completed $425 million reconstruction of the 10-mile stretch of the Red Line Dan Ryan branch
•Construction will begin in the spring on a $240 million project to rehab and expand the 95th Street terminal
•$92 million in TIF dollars on a basketball arena for DePaul and a hotel for Marriott
~~~~~~~~~~~~~~~~~~~~~~~
And why are the FOP and all the other city unions sitting back
Why aren't they in the news and on billboards daily letting the populace know that there is $$$ to pay these pension obligations and that Rahm is just not paying it!
Those theiving dogs didn't include this in their "pension reform", did they?
M-Fers
http://articles.chicagotribune.com/2012-05-25/news/ct-met-pensions-legislators-20120525_1_pension-system-general-assembly-retirement-system-pension-benefits
Here is a good short read:
http://www.huffingtonpost.com/harold-schaitberger/public-employee-pensions_b_1665029.html
And of course, the city unions should be keeping this kind of stuff in the forefront of the publics mind while we fight for our city pensions:
http://www.thenewamerican.com/usnews/crime/item/11630-chicago-tribune-uncovers-pension-scams-of-ex-mayor-daley-and-friends
It's time to take a walk around City Hall with a few supporters
you can't keep a train system running without almost continuous work on it. it is like a road system. none of this stuff has much to do with pensions at all. this money has to be spent or the train system will collapse eventually.
all of this money was in the pipeline from plans made years ago and is just now being announced for whatever minimal political benefit Rahm might be able to get from it.
no doubt substantial parts of the funding come from sources that cannot be used for pensions anyway.
Sure, spend a half billion on an agency that consistently loses money. Real smart.
Yes, the FBI is listening. If you think they are going to do anything to help you, you voted for Obama.
He just cashed out the pension funds. Sorry, no more retirement checks in 2015.
Just A Citizen says: Read this yesterday on-line somewhere and felt my blood pressure rising. I love how these left wing nutbags plot and scheme to spend everyone else's money.
is it true rahmn cpd bodyguards are prohibited from talking to him unless spoken to
This is funded by the Federal Transit Admin, not the City
Did you ever think if he spends it all now he can't pay in future when he's supposed to, makes perfect sense.
Did you ever think if he spends it all now he can't pay in future when he's supposed to, makes perfect sense.
That $18 Million he stole via insider trading at Fannie/Freddie courtesy of Brucie Rauner is probably all stuck together because he self pleasures on it at every opportunity...
"Fuck you little people!"
12/06/2013 02:36:00 AM
It is big business now, this trolling sights and plating bombs to further you politicians agenda. Witness the above repeatedly posting this Rauner-Rahm best friend connection on every thread.
With out facts to back it up, you are nothing but a political operative. Who pulls your strings? Who do you work for?
OT: I still laugh at Rham's BS about the speed cameras making the streets safer for the children.
There is a speed camera in the 1500 blk W. Irving in 019 between Clark & Seminary. On both sides the street is bordered by cemeteries. It's not a safe passage route. The nearest schools are at least 1/4 mile away and neither cemetery is a park. How is this for the children?
If the City has money it's hidden. If it has no money then Rahms borrowing or issuing bonds that will come due in 30 yrs when he's on his deathbed.
This turd also has $30 million ($24m Fed-$7m TIF) to tear up downtown streets to make bus lanes (Central Loop BRT) to shave 3-9 minutes off a bus trip.
Factor in Maggie's Park reHab, another northside park Rosehill Nature preserve, Daley's Michael Reese Hospital grounds debt and who knows what else, has probably spent more in his first term than Shortshanks stole in 10 yrs.
AND BALKS ON PAYING THE PENSION OBLIGATION.
In all fairness, both the pensions and the upkeep of the city are must haves. The city infrastructure is in bad shape.
It's for the kids!
KMA Club
what the fuck is this now?! jesus christ?! rahm you fucking weasel mother fucker can go fuck yourself. this needs to be addressed by our spineless fop already. corruption in broad daylight. i don't want to hear rahm say anything else about being short on cash after this bs. sorry for the rant but i will never get used to this corruption in shitcago. still actively trying to leave.
He is spending the money before the time to pay the pension bills. Than he can say the city is broke.
Anonymous said...
Is this not where a federal judge should step in and do something ,he get's paid for? Is this not where the FOP and the Pension board get's elected for?
12/06/2013 04:19:00 AM
Why would a federal judge step in? on what case? city hasnt filed for bankrupcy and Rahm hasnt missed the 600 million pension payment yet
Also pension is a state problem
All these improvements won't mean a God Dam thing if is not safe to ride the train or walk anywhere in the city, especially on the Mag Mile. Time to lay down boys and girls. Give Rahm the police department he is paying for. You get what you pay for Mr Mayor. Time to anti up. Did you forget NATO already....I guess you think you don't need us any more.
I bet if we march the teacher, firefighters and streets and sanitation would march with us. Why don't you ask them FOP and PBPA. How about billboards in prominent places telling people what the mayor is spending his money on risking public safety. How about Television commercials..we need new leadership with BALLS
Anonymous said...
Is this not where a federal judge should step in and do something ,he get's paid for? Is this not where the FOP and the Pension board get's elected for?
12/06/2013 04:19:00 AM
No.
I bet the majority of citizens in this city would rather have a better response time and more police protecting their children and families than a 10 min quicker ride on the blue line or a new De Paul stadium. Time to let them know what is happening instead of just putting it on the blog. We are losing the PR war to the Mayor. He is saying everything and we are saying nothing.
FOP PBPA HELLO!!!!!
So more delays for the next 4+ years to shave 10minutes of the ride to ohare, at a cost of 400+ million?
No thanks, ill take the extra 10 minutes and a funded pension
It would be nice if the fools in Springfield would tell Chicago that it's time to start paying and stop spending money on everything else. They can't cry broke when they're spending billions.
Amazing how Rahm can find money for lots of things including the Blue Line and the De Paul stadium, but not for the pension funds which are so lacking due to the previous mayor's regime of not putting anything into them, while he lined his own pockets. It is amazing how Daley upped his pension though, getting what I read to be about $15k per month without putting almost $400k towards it. Wish we had those options. Amazing how the politicians always seem to pass laws that later are found to be absolutely scandalous and tossed out, but not before they benefit from them. I tried to look up the mayor's and alderpersons' salaries and pension plans but could only find the mayor's salary, approx. $260k per year. I could not find anything as to their benefits packages. Anyone know who could enlighten me? It is a sorry state of affairs in this city, and a sorry state for us.
Between Rham's total spending of over a BILLION on OHare expansion, CTA Red/Blue Line modernization and screwing motorists with those unnecessary, dangerous and costly bike lanes, John Candy has to be rolling in his grave in this Chicago version of Planes, Trains and Automobiles.
Thanks you greedy little bastard, don't take care of police and fire, but make sure the filthy animals and bums have a pleasant ride riding the blue like from the zoo like neighborhoods to our tax paying working neighborhoods. Im sure they will vote for you just bribe them with stuff like last time, have to make it worth it for them.
Well keep on workin VRI and getting those contact cards. We don't stick together so what would you expect a tyrant to do?
10 min faster works out to how much per second?
That $18 Million he stole via insider trading at Fannie/Freddie courtesy of Brucie Rauner is probably all stuck together because he self pleasures on it at every opportunity...
"Fuck you little people!"
12/06/2013 02:36:00 AM
Please expound on that, I would like to know more re teh Bruce Rauner angle....not a troll, just a copper.
No, he will blame the police and fire pensions and raise property taxes. He will make it look like we are the bad guys, that we are greedy aholes. Watch out.
That Rahm is quite talented when it comes to finding money for his ideas n projects. When it comes to finding money to compensate his first responders he puts the blinders on and cries poor. Typical slimy, thieving politician.
Detroit is not bankrupt. Chicago is no where near bankruptcy either.
Here's why....learn about CAFR accounts, which are standard to all government agencies.
The CAFR Swindle (YouTube)
http://youtu.be/1pRPBKJQnyU
http://cafr1.com/listings/Listings.html
Anonymous said...
That $18 Million he stole via insider trading at Fannie/Freddie courtesy of Brucie Rauner is probably all stuck together because he self pleasures on it at every opportunity...
"Fuck you little people!"
12/06/2013 02:36:00 AM
Please expound on that, I would like to know more re teh Bruce Rauner angle....not a troll, just a copper.
12/06/2013 03:36:00 PM
Just watched Rauner showing his $18 watch, yep ok Bruce you made 53 million last year and you want to dump pensions for 401k, and if you become governor you and your rich friends will pillage the at ate, I'm no fan of Quinn but the devil you know is better than the snake rich boy we don't know right Bruce?
Rahm finds more money?
Shields write a check to two State Troopers from Washington IL who lost their homes in last month's tornado. $500. That's just about 3 cents per FOP member. 3 cents!
He embarasses me. I am ashamed!
Anonymous Anonymous said...
This is funded by the Federal Transit Admin, not the City
12/06/2013 08:52:00 AM
NO, it is not. At least one-third of the funding will have to come from the City of Chicago.
Simple solution here...we take to the streets armed to the teeth and take what is rightfully ours!
is it true rahmn cpd bodyguards are prohibited from talking to him unless spoken to
12/06/2013 08:47:00 AM
Yes, and he does not like any police in his unkept yard.
Quit working VRI already, that is our only way to really make him take notice. Gotta give the little raccoon a slap on the nose.
@ 12/06/2013 08:53:00 AM
Rahm Emanuel and Bruce Rauner ARE best friends when it comes to making Money with/for each other...
You lazy ass... All you need to do is enter their names together on a Google search and a shit ton of interesting information pops up.
SBC... Wasserstein... And more...
You can take your "prove it or it didn't happen" and go scratch.
Rauner and Emanuel are North Shore elitist degenerates.
Prove that they aren't...
Hey slick, what's YOUR agenda and who do YOU work for?
Or are you freaking out because people are figuring out that Rauner and Emanuel are two sides of the same bad penny?
Anonymous said...
is it true rahmn cpd bodyguards are prohibited from talking to him unless spoken to
12/06/2013 08:47:00 AM
Yes, and he does not like any police in his unkept yard.
12/06/2013 09:53:00 PM
He knows it was police who embarrassed him with the bag of tomatoes thing.
Anonymous said...
OT: I still laugh at Rham's BS about the speed cameras making the streets safer for the children.
There is a speed camera in the 1500 blk W. Irving in 019 between Clark & Seminary. On both sides the street is bordered by cemeteries. It's not a safe passage route. The nearest schools are at least 1/4 mile away and neither cemetery is a park. How is this for the children?
12/06/2013 08:57:00 AM
It is for Challenger Park/Playlot at 1100 W irving, next to and under the CTA Tracks. I shit you not, it is considered a park, named by the city. It's for the kids. I noticed it today as the lights were flashing at everybody that went by. It is for the kids.
Rahm Emanuel
4228 N Hermitage Ave
Chicago, IL 60618
send christmas cards and letters of thanks.
Time to march on shitty hall. When will they fund the pension?????? FOP and elected pension board members.... Why aren't you demanding this.??????
A lot of these comments make no sense. The city, at least so far, has not defaulted on required pension contributions, other than when the FOP excused them in exchange for earlier retirement, which made absolutely no sense. You can look it up at the Chicago Police Pension Board website. The figures are all there, assuming that most of you can read and understand numbers. There are other reasons that the pension is underfunded that are mostly about expensive enhancements over the years, with no increase in contribution rates, either by the individual or the city.
Simple solution here...we take to the streets armed to the teeth and take what is rightfully ours!
12/06/2013 06:44:00 PM
I had a dream that 1000 plus armed masked men hit every bank in Chicago's central business district in 20 min, than 2 days later an anonymous donation was given to pay off the gap in the police and fireman's pension funds. To bad all those stalled fire trucks blocked the streets preventing the police and feds from responding to the banks....
No, he will blame the police and fire pensions and raise property taxes. He will make it look like we are the bad guys, that we are greedy assholes. Watch out.
Where is our counter media campaign? Billboards, TV spots, You tube, Facebook, twitter. Hello FOP PBPA!!!! This shit works, just ask Obama....
mere peanuts in the grander scheme of things--- how much for the illiana xway that will probably happen--- how much to expand the blue line all the way out to schaumburg--- how about the long awaited crosstown xway--- don't forget about peotone--- plenty of money around for what THEY want to spend it on, nothing for the groveling peasants....
Anonymous said...
is it true rahmn cpd bodyguards are prohibited from talking to him unless spoken to
12/06/2013 08:47:00 AM
Yes, and he does not like any police in his unkept yard.
12/06/2013 09:53:00 PM
He knows it was police who embarrassed him with the bag of tomatoes thing.
12/06/2013 11:42:00 PM
Would it be safe to say that the police of this city dislike Rahm Emanuel in a very intense fashion? He better wear body armor. I doubt any of the police he screws regularly would jump in front of a bullet for him.
Just saw the video link regarding the difference between the "budget" and the CAFR- comprehensive annual financial report. Very enlightening- a huge thank you to the person who posted this info. Everyone needs to check it out- the city is using an arbitrary budget which is completely subjective and does not show what actual revenues they are working with. You always hear about the "the budget" thinking that they are speaking in terms of actual expenditures and income, when in reality they are using projections which are usually well under what they have in the accounts. This way they can go "over budget" without really losing anything, and justify raising fines, fees, and taxes, while at the same time omitting services, e.g.- hiring new policemen, by claiming they are unable to fit them within their "budget". When talking about city finances, everyone needs to start asking about the comprehensive annual financial reports- not the "budget". That will show the actual financial status of the city, and reveal where tax revenues are being allocated.
To be fair, Rahm's investments will drive future revenues to Illinois and Chicago. Pension funds only drive retirees out of state.
The Federal judge in the Detroit bankruptcy case ruled that pension debt has no higher priority than any other debt no matter what a state constitution says. Municipal bankruptcies are governed by Federal law.
Anonymous Anonymous said...
A lot of these comments make no sense. The city, at least so far, has not defaulted on required pension contributions, other than when the FOP excused them in exchange for earlier retirement, which made absolutely no sense. You can look it up at the Chicago Police Pension Board website. The figures are all there, assuming that most of you can read and understand numbers. There are other reasons that the pension is underfunded that are mostly about expensive enhancements over the years, with no increase in contribution rates, either by the individual or the city.
12/07/2013 08:13:00 AM
So, did our mayor LIE when he said he refuses to allow the City to pay into the pension funds until 'reform' is passed?
Did he make the citizens believe he was 'standing on principle' when, indeed, he was publicly LYING TO THEM?
scrap Maggie park
BOONDOGGLE by a family of thieves
Anonymous said...
Rahm finds more money?
Shields write a check to two State Troopers from Washington IL who lost their homes in last month's tornado. $500. That's just about 3 cents per FOP member. 3 cents!
He embarasses me. I am ashamed!
12/06/2013 06:05:00 PM
++++++++++++++++++++++++++++++++
The Board of directors voted to give that amount. The President does not get to give out money on his own. But your right the amount is too small. Shit that would not keep Kevin Graham in Krispy Kreams for a month.
This city is a piece of shit run by polictical whores.
It's time to put money in the pension fund 9.5. Rahm is out for himself and votes. He don't care about the citizens of shitcago. Need to put a cap on the water bill. Did you see your water bill? It's a matter of time when shitcago becomes Detroit. It's time for rahm to get screwed instead of fucking with the working people. Stick your bean up your ass.
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