Another Quarter Billion
- A potential year-end budget shortfall has forced Mayor Rahm Emanuel's administration to borrow $220 million in yet another sign of the city's precarious pension funding status.
The city drew the money down from its $900 million line of short-term credit, which is akin to putting the tab on a credit card. The loan carries an interest rate of about 3 percent.
The money is not due to police and fire pension funds until the end of the year. But the city had to borrow the money to meet a March 1 deadline for having the cash in its treasury, Budget Director Alexandra Holt said. "State law requires that we deposit the money with the treasurer to demonstrate we have the money available if it's needed," she said.
The city is required to raise enough money through property taxes to make the police and fire pension contributions, which increased dramatically this year, to start closing a combined $12.2 billion shortfall in the two pension funds. If the city doesn't expect to raise enough from property taxes, it must deposit the anticipated shortfall by March 1.
But hey, Rahm can keep announcing "rails to trails" at how many millions of dollars per mile of prime mugging real estate?
Labels: money questions, pension
posted by SCC at 12:37 AM
108 Comments:
There's plenty of money in the TIFs what a scam and should be returned to the general fund and used for debits. But then no sweetheart deals and all the kickbacks to our wonderful politicians.
But we can build Maggie Daley park, help out DePaul with the stadium... But we cant pay our bills.
This City is soooo fucked.
Any bets by the end of the year the pension fund will not see a dime of the contribution the city is suppose to make?
And my long term 2 year city sticker is $405...seriously time to move
Geepers Mr Wilson, Why is the City Broke? Contracts for City Services go to friends and family for 3 times the actual cost....
What is Rahm's problem?? He squeezed every dollar out of the red-light camera scheme yet spends tons of dollars to set up bike lanes and bike ways and bike trails where no dollars are returned to the city coffers...what kind of a nut is he??
Trust the Mayor to know what he is doing.
Rahm is heading us, full speed ahead, down the same dead end train tracks that Shortshanks did.
If he completely follows Shortshanks M.O. then when the shit gets deep enough, or there's nothing left to fleece, then he'll walk away.
At what point does someone acknowledge that Rahm has failed and should be removed if he refuses to quit on his own? Aldermen signed onto his budget in their typical Rubber Stamp mode, as they did for Stumble-Mumble Daley, but this is a way different day and game! Rahm is gone next election. Any thing he promises cannot be guaranteed. Ask the aldermen who supported his last budget in exchange for more cops in their Ward. Ald. Tunney, did you get those cops? Some mechanism has to be put into play to stop and control Emanuel. He is spending beyond his Shelf Life, just as Daley did with his 90 year contract on the parking meters. How did that work out for us who remained after he left? This is an opportunity for the City Council to emerge as an Independent Body, a "Real" legislative entity. Or they can continue to be Flunkies and Hacks. What will it be? Baby "G"
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
BREAKING NEWS: At least 28 dead in two explosions after suicide bomber targets American Airlines check-in desk at Brussels Airport as SECOND attack hits Metro station near EU headquarters
* At least 13 people are killed after two explosions struck the American Airlines check-in desk at 8am (7am GMT)
* Terrified passengers covered in blood ran for their lives after explosion sent 'shockwaves' through terminal building
* Another explosion killed 15 people at a Metro station near the EU headquarters in Maelbeek area of central Brussels
* Comes a day after Belgium minister warned of revenge attacks after arrest of Paris attacks suspect Salah Abdeslam
http://www.dailymail.co.uk/news/article-3503928/Two-explosions-heard-Brussels-Airport.html
After Brussels attacks, NYC, DC, Boston increasing security.
Chicago?
Hmmm...
on the north side there are muggings and the near west side there will be rival gangs shootings....Rahm Emamuel is a murder mayor
Priorities, priorities, priorities.
When the Governor stops acting like a spoiled child the casino bill can get passed. As written now the money goes to police and fire pensions. The city has till the end of the year to make their balloon payment. It's actually a good thing that the city is doing this in case the goofs in Springfield kick the can down the road till next year after the election.
Does anyone know the name of the book that they wrote in new York about the lies of compstat?
Empty the TIF's!!!!!!!!!
OT
Brussels had three bombings this morning.
Pay attention to your surroundings.
Airports and train stations.
Brussels opened boarders to immigrants from waring countries.
now see what they got.
what does he care, its not his mooney,,fucken rat bastard
OT:
There must be an excess of money out there if companies can keep finding money to piss away on Ceasefire.
http://chicago.cbslocal.com/2016/03/21/mount-sinai-partnering-with-anti-violence-group-ceasefire/
Let's see. The cops and fireman get the money they are owed.
The loan is dischargeable in bankruptcy, just like the $600 Million the City will owe in red light camera refunds due to the collossal fuck up by the City's Law Department.
What's not to like?
/sarc
Call the next case. Not cop.
Even better DOJ is in town now re-opening closed CRs, getting new ones issued. Keep that in mind crime fighters as these clowns do a tag-a-long. Do ask them how in hell they can be considered "fair" when they are opening cases already closed by IPRA and the city "after usually making some criminals rich"?
Aren't you glad you voted for O'bama?
So go on out there and keep pumping those ISRs out to keep your spots. You can trust the city and the "G". Most of all if your in The high CR club. This task force didnt come to Chicago for the pizza and you can bet they have a ACLU Liason. After all Rahm likes his job and he saw what happened to his prosecutor. Its not like anyone protests over people getting shot.
The DOJ, "which means FBI", and the ACLU? Maybe even the BLM movement. Good luck with that crime fighting. Remember Rahm has your back.
Two explosions tore through Brussels airport on Tuesday morning killing 23 people in what Belgian public broadcaster VRT called a suicide attack, and a further blast struck a metro station in the capital shortly afterwards.
Breaking News at Newsmax.com http://www.newsmax.com/#ixzz43ddYRfLz
Chicago Aviation Security Officers:
Sign out your squirt guns from the radio room after roll call
Converting the TIF money is all that is needed
This guy finds billions for his pet projects always but again crying poor, rahm basic economics you pay your bills first before you incurred more debt! Pay police pension first "follow the law."
On another note funny you can't make this up, page 6 Suntimes article about future Cpd superintendent but under "fallen star" anti-police heading! Do they know already these 3 will pre-fail? Is this predestination? Stay safe stay fetal!
Last note on radio they are saying due to terrorist attack in Belgium our airports are beefed up? Did they arm all police agencies DOA? More smoke and mirrors! But then again more overtime move the 100 million + from ghettoville and place coppers on assets no one is going to attack englewood the animals attack each other for decades protect the taxpayers and assets that bolster tax base!
Every time a Chicago socialist politician goes to Cuba, something bad happens. Rahm gets a police shooting, ObaMAO gets a terrorist attack.
Blogger RTS-Chicago said...
OT
Support ------------------------------------------------------
H.R. 4760--A bill to make an attack on a police officer a hate crime,
and for other purposes; to the Committee on the Judiciary.
https://www.congress.gov/bill/114th-congress/house-bill/4760/text
By Mr. BUCK (for himself, Mr. Gowdy, Mr. Sessions, Mr. Chaffetz, and
Mr. Ratcliffe), H1418 [16MR]
Write your Congressman and both Senators!
Make a difference
3/21/2016 11:22:00 AM
Contact the N and NW side Rep Mike Quigley and ask him if he is with us
http://quigley.house.gov/contact
Meanwhile, back in Belgium, the Terr's strike again, "I think the vetting process isnt working very well". Obama is going to tell us soon Islam is peaceful, while ass kissing in Cuba, no doubt an apology for past insults to Islam will follow. Gee lets do keep letting these Syrians in. I mean what are the odds?
Besides we have a crack group at our airport. I have full confidence in our leadership. Stay tuned for more.
Does this mean he paid the pension debt?
Two questions the reporters never ask. Where is the Alderman's pension currently funded at? At what percentage of the city budget goes to interest on Chicago's toxic loans?
The pension system pays out $58 million a month to retirees, widows, and disabled cops. You can figure out the math. Not good.
Our mayor is an asshole. Plain and simple. He has complete disregard for fiscal responsibility. He bad mouths the very police that protect both he and his family so that he can collect a paycheck. This guy has to go and the sooner the better. His bullshit with having a wedding dress in a box at a house he was renting doesn't constitute residency. Nor the fact that he was Obama's chief of staff and in D.C. for those years. I'm sure his d.l. and utility billings would demonstrate he wasn't a resident at the time of election. What judge presiding over something like this will cave to the masses and not bow to the president. This guy should've never been on the ballot. Our city has turned to shit.
Not surprised... But then they write an article about $662 million dollar bill for police misconduct. No it's because the city has no balls and pays out even when the offender is wrong and they just want to make it go away, they never fight any cases.
The city made the deposit with strings attached. The police pension fund cannot touch the 172 million until SB777 (casino bill) is approved and/or rejected. Yep, the small deposit is there, but DO NOT TOUCH. So the fact is, it makes no sense to the fund, but this is legalized criminal unethical doings by city hall at it's best.
At this point I don't care where he gets the money just get the money and pay the pensions
That's Rahmenomics for you.
Lying, thieving bastard.
Hopefully karma comes for him.
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
How about you go fuck yourself? Maybe you were hired at a later age, but, some of us will have put in the maximum number of years by our early to mid 50's. Some people won't even have the age to retire at the 29 and a day mark. I for one will not be physically able do this job into my mid 50's. Due to car crashes, surgically repaired joints caused by injuries from performing my duties, and other bodily damage that has caused my body to deteriorate faster than those in an office type setting (house mouse). Our union had fought hard to compress the last 3 years and move the retirement time from 32 years and a day to 29 years and a day. If you want to give that up...feel free to stay. I, and the vast majority of the officers like me, will leave when we are allowed to. You are a selfish prick and are probably a supervisor who was once a career inside person.
You want to know why the city is broke, I'll tell yea. In the 015th district they have the radio room and the Sgt.'s. office next to each other, fine. The Sgt.'s office is larger in size then the radio room. The radio room is ample size for a Sgt.'s office, they're really not in the office that much anyway. So the geniuses decided to knock out a wall in the radio room to make it larger to accommodate the new body camera equipment which in turn will make the Sgt.'s office smaller. Why not just switch the rooms? Maybe you might have to rewire some things and screw some brackets into the wall. But to knock out a wall and all the other things that go along with that to make a smaller room larger and a larger room smaller that are right next to each other. They say it should take 3 weeks, I'm going with the over on this one.
Nice article (sarc).
But the funny thing is, that nowhere is it mentioned, nor is it ever for some odd reason (more sarc), that the entire **Budget Crisis** is solely due to Mayor Shortshanks not paying into the Pension Funds when he was required to, using the money for numerous Vote Buying Schemes.
Once King Richie II, aka: 'Richie The Brainless' got away with it the first year the ground-rules were set, he could keep spending Pension Funds on further Vote Buying Schemes. And on it went, year after year after year. Continuing with the full knowledge and approval of the City Council.
It also went on with the full knowledge of *our* intrepid media. I read more than one article about what Daley what doing with the funds, or not doing, and there wasn't one word of criticism on how that would effect future funding and increased taxing.
It's just too bad that there's no way to make Daley legally responsible for his blatant disregard of his fiduciary duty as mayor. If it wasn't criminal, it sure as hell came close 'cause it wasn't done by accident.
Anonymous said...
Converting the TIF money is all that is needed
3/22/2016 08:39:00 AM
It is a shame that some people still believe this. Even the teacher's union gave up on this fantasy. There is not near enough money in that fund to keep Chicago from sinking even faster. Property taxes must be raised and raised now to save these funds. The tax base in this state is dwindling. Independent auditors have looked at this town's finances and agree. The police pension fund will be insolvent in 6-8 years unless it receives mass amount of cash.
Chicago will have 12% sales tax by 2020. 8% residential property tax.
The sickening attack in Brussels today should force the city to tell the DOJ to pound sand. Human intelligence is the only way to combat this insanity and with our hands bound by the Anti-Christ in the White House just ensures it will happen here.
"How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum."
Great idea, just have all the squad's equipped with wheelchair lifts and a spot to keep the cane.
Idiot.
Forensic audit
also, FYI its three million dollars for every 1 mile of bike lane formation and 22 thousand dollars per bike lane mile for maintenance every year. so how many miles of bike lanes do we have???? also, one half block median flower planter box all over the city costs 750,000 to construct and 25k per box of maintenance every year.. I could see these being nice additions downtown but they are not needed in any of the neighborhoods.
O.T. All of the carbine racks I use in these vehicles are garbage. Is this a city wide problem? I can never get the rifle out, I can never get the dicfo to work.
"After Brussels attacks, NYC, DC, Boston increasing security.
Chicago?"
Hey, everyone is back in uniform! That should be more than enough of a deterrent for these evil-doers!
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
How about let's not!!!
In two years I am outta hear. I feel for anyone who is new to the job or already has 10 years. You will be paying for all of this fiscal mismanagement via higher property taxes, higher state income tax, possibly a city income tax and various other fees and fines going up.
I hate Rahm but that being said he has cotributed more to our pension fund by raising taxes or borrowing in his few years here than Daley did his whole time in office.
Anonymous Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
Oh for cryin' out loud!
You, AGAIN?
There must've been some special jag-off juice
added to the municipal water supply that affects
people's judgement in this regard.
Why has there been this ongoing fixation in Chicago
with, "Make Chicago Cops work longer than their
big city peers before we allow them to get a pension?
But every few years, the media was running:
"Ugh! Why are you Chicago Coppers always
a bunch of old, crotchety, gray-beards still
hanging around in your 60's? You guys
disgust us! Retire already!"
Truth be told, no man in his mid 50's has any real business
still being on the streets in this savage-assed city.
Too much risk and the way the city has been playing lately
regarding IODs/recurrence of IODs, (especially for older PO's)
they've been denying IODs and forcing injured Officers to burn
medical time.
"Sorry if you blew out your knee getting out of the squad
but your IOD is denied because you weren't in the performance
of a "Police Duty," but merely "at work." You can appeal and we
can still deny. Sucks to be you. Enjoy surgery and rehab on the
same knee that we generously covered as an IOD fifteen years ago.
With Love,
Ed Burke
Chairman - Finance Committee."
What is it about this job that's still
attractive in light of this nonsense?
They're telling you they will NOT
hold up their end of the bargain.
CHICAGO (Reuters) - The Illinois Supreme Court on Thursday will release its ruling on the constitutionality of a 2014 state law aimed at boosting funding for two of Chicago's pension funds, according to a court spokeswoman.
In oral arguments before the court in November, Chicago asserted the law affecting its municipal and laborers' retirement systems actually benefited workers and retirees by taking steps to avoid insolvency for the funds.
The state law required the city and affected workers to increase their pension contributions and replaced an automatic 3 percent annual cost-of-living increase for retirees with one tied to inflation. The increase would be skipped in some years.
Without reforms, Chicago warned that the two funds would run out of money within 10 to 13 years.
City unions and retirees that filed challenges to the 2014 law contended Chicago merely wished to avoid paying for benefits promised to its workers, in violation of the state constitution's pension protection clause.
Last May, the supreme court found a 2013 law that reduced retirement benefits to ease Illinois' $111 billion unfunded liability in its five pension funds violated a state constitutional provision protecting public sector workers' pensions.
O/T With all the debate over who our new superintendent will be, I was wondering do any of the finalist have any background or experience in dealing with terrorist threats or attack??? Or is all that matters is how to reach out to community groups and reverends!!!!
rahm's rotten brother who is a quack doctor received hundreds of millions of dollars to design Obama care big scandal
f-ckyou rahm
SCC - Don't forget the $$$ Rahmulus is spending to build CTA train cars in Chicago! The cash that he found could equal our pension payments due & then some.
OT - When are we going to arm the trained/certified DOA Police? After what happened in Brussels, you'd think that Rahmulus would issue the order forthwith! Wake up Rahm & do the right thing. While you're at it, get our SWAT team up to date equipment & a vehicle to respond to the scene if off duty. Putting a viable team 24/7 should be enough to keep DeEscalante busy until the next stooge is hired.
Then over here on Drudge Report we have these headlines:
Obama Spends 51 Seconds of Cuba Speech to Address Brussels...
Talks Terror Attack in ESPN Interview -- at Baseball Game...
'Want to be respectful, understand gravity of situation'...
Does 'the wave' with Castro...
Michelle's Havana Outfits Cost 23x Average Cuban Salary...
Simply that tells American citizens that Trump was correct and barry could careless! barry and his wife have their own agenda, is barry over there securing a spot for rahm? maybe a nonsense "No show high pay ambassador type job?"
On topic the pension was stolen from, this bill must be paid before any new spending the "treasure chest" rahm keeps opening has billions in cash, he spends taxpayers money on things where he could get the "friends and family" plan commission. Maybe I could be wrong but what other reason? A legacy? The legacy of all the innocent blood covers his and everyone of the 50,along with the government media complex!
Then that P.O.S Burke said that there should be a larger real estate tax increase to pay for this pension . This is from a man who g as stolen millions upon millions and has been successful in getting plenty of his buddies tax breaks on thier property. Fucking crook should be c some bodies bride in the joint.
Take my pension and you will not like how I act.
Build casino on Michael,Reese property , walking distance to McCormick place or on the abandoned steel mills on the east side .
There are three times for sure you know immediately you are being robbed,
1) When a thug with a gun says " Give Me Your Money" OR
2) When a government agency says it was a "NO BID CONTRACT" OR
3) The moment you find out your tax dollars are going to a company of a Daley relative or friend.
Casino? The suburbs have poker and slot machines. Why not Chiraque?
this just in...from our interim...
As part of our efforts to work cooperatively with the US Department of Justice in its "pattern and practices" investigation, and pursuant to their direction, Interim Superintendent Escalante would like to remind all personnel, that all documents, forms, reports and data created by Department members in the course of official Department business are to be retained permanently, regardless of any prior established retention schedule.
This is to include any document with a CPD form number, any outside agency form prepared by the Department, any internal record or log which references a CPD form or document (eg. a running log of CL/SPAR investigations), any document used on a regular or recurring basis (eg. the District Daily Watch Assignment sheet), any "to/from/subject" report, digital source data for any of the above (this includes the suspension of any automatic electronically stored data deletion protocols).
So the contract be damned. The retention schedule said that certain files past 7 years would be destroyed but now bc they failed to uphold the contract, the DOJ wants those files too
In politics, building new roads, buildings or those silly bike lanes and Maggie Daley Parks keeps the bond guys, bankers, architects, unions and contractors making more money. That flow of money means more political contributions from all of these stakeholders going back to the politicians who are approving this deficit spending. Remember the $1B Build Illinois pushed through by former felon governor Ryan? I believe that is when the State stopped making their full pension contributions and diverted those funds that should come to the pension funds to the builder cabal.
Making pension payments brings in no money for the politicians! It's this corrupt system that allows the City and State to spend themselves into bankruptcy.
one song will never be sung at a Hilary Clinton rally in the ghetto
WE Won't be fooled again
some people are soooooo sloooow
vote for me i'll set you free
50% unemployment for black youth , Hilary will continue progress of this economic boom in the USA
Anonymous said...
Blogger RTS-Chicago said...
OT
Support ------------------------------------------------------
H.R. 4760--A bill to make an attack on a police officer a hate crime,
and for other purposes; to the Committee on the Judiciary.
https://www.congress.gov/bill/114th-congress/house-bill/4760/text
By Mr. BUCK (for himself, Mr. Gowdy, Mr. Sessions, Mr. Chaffetz, and
Mr. Ratcliffe), H1418 [16MR]
Write your Congressman and both Senators!
Make a difference
3/21/2016 11:22:00 AM
Contact the N and NW side Rep Mike Quigley and ask him if he is with us
http://quigley.house.gov/contact
3/22/2016 09:06:00 AM
-------------------------------------------
1. Gotta be on "Federal Property", get shot in the hood does not count as "Federal Property"
2. Good luck getting a AUSA to do shit, Anyone who has ever pulled anyone over with a federal warrant... good luck with that, "sir you gotta a federal warrant, have a nice day" US Marshalls office don't want to do anything unless is a big deal...
Do you think Trump would authorize the payments to the peoples law office and lovey if he was the mayor? The peoples law office and lovey have found the cash cow that keeps on giving, giving away taxpayers money with the blessing of the democrats. Why do you think there is so much violence against the Donald? Because they know if he's elected the free ride is over and that dreaded 4 letter word "work" will be something every able-bodied person will be expected to do. Can you imagine if folks and people had to report for work and actually work for 8 hours. The homicides and shootings would be reduced by 50%. Idle time is the devils workshop and the devil is rearing his ugly horns here in Shitcago. Time for Trump.
Rahm is burning taxpayer money as a fucked-up
quid pro quo for the people who funded his mayoral
campaigns and to make the city "broke" so he can
have air and opportunity to make his case that
Police and Fire pensions need to be reneged on
And busted out...
Alderfools ain't worried like Policemen are...
Nor are any of the Commissioners, Deputy-Commissioners,
Directors, Coordinators and all of the other political
lick-hitters.
Everybody is all up their own asses over what they
think "You Cops" are getting at their expense.
stupid Chicago voter, elected a millionaire to do an what they thought was "average mans job"... which is why all the money is empting out of the city to his buddies
Strong article today in Sun-Times how Rahm acts like his own Park District Manager going off presenting plans without input from citizens....where does he get his chutzpah? Friends of the Park have his number. Stay fetal.
""Chicago Aviation Security Officers:
Sign out your squirt guns from the radio room after roll call""
First make them take urine screens. Even for squirt guns.
Anonymous said...
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
How about you go fuck yourself? Maybe you were hired at a later age, but, some of us will have put in the maximum number of years by our early to mid 50's. Some people won't even have the age to retire at the 29 and a day mark. I for one will not be physically able do this job into my mid 50's. Due to car crashes, surgically repaired joints caused by injuries from performing my duties, and other bodily damage that has caused my body to deteriorate faster than those in an office type setting (house mouse). Our union had fought hard to compress the last 3 years and move the retirement time from 32 years and a day to 29 years and a day. If you want to give that up...feel free to stay. I, and the vast majority of the officers like me, will leave when we are allowed to. You are a selfish prick and are probably a supervisor who was once a career inside person.
3/22/2016 10:17:00 AM
What he said....Well put. Go Fuck Yourself!!
Support This Emerging Effort - Read and Know
Saw this item on Linked in earlier today in Law Enforcement: Tactics, Technology and Training Section. Also article on line - see "The Blaze".
H.R. 4760--"BLUE LIVES MATTER Act" which is a bill to make an attack on a police officer a federal hate crime. Interesting switch on things if proposal gathers steam and becomes law. Would give DOJ/FBI and federal prosecutors something more to concern themselves with other than ride-a-longs, reviewing dash cam video's and SIR's. Also if it became federal law, offenders would be prosecuted in federal court NOT in our county court system.
Has the potential to be a political question for our senators and congressional folks running for office in November. Maybe a question to ask those running for local State's Attorney's office too. Let's see were they all stand publicly on the issue. I'm sure they'll all have our 6 covered (LOL).
Don't stay FETAL on this one. Read, Know and Act!
https://www.congress.gov/bill/114th-congress/house-bill/4760/text
What say you FOP?!
gendarme66
Yeah Alexander was a TSA director. Gee doesnt that give you confidence? I'd personally rather have an old wagon man with a GED but who am I?
""O/T With all the debate over who our new superintendent will be, I was wondering do any of the finalist have any background or experience in dealing with terrorist threats or attack??? Or is all that matters is how to reach out to community groups and reverends!!!!"""
"""So the contract be damned. The retention schedule said that certain files past 7 years would be destroyed but now bc they failed to uphold the contract, the DOJ wants those files too """
They probably have their funny little men in cheap suits tracking IP numbers of posters here as well. If your doing anything but answering your calls you are a fucking idiot. What a miserable, phony, mean, little clout job.
"""O.T. All of the carbine racks I use in these vehicles are garbage. Is this a city wide problem? I can never get the rifle out, I can never get the dicfo to work. """
Whats it matter? Nobody takes them out anyways. That or they give the car with the working rack to some asshole who never even got qualified. Besides with the DOJ up our ass's who would want to even take one out anyways? They might consider you a deranged killer should you ever pull it out.
When the guys at Ohare have been kind enough to give me a ride to and from the terminals I have never once seen a carbine in a car. And I bet I have been in their cars 30+ times since the program started.
The big problem is that Democrats in the past mandated higher pensions for the Police union without making any provisions whatever to pay for it, all in order to assure the Police Union would vote for the Dems. Regardless of what tricks they try to pull in the future, it will take nothing less than a miracle to collect enough money to ever honor this debt as long as Dems are in charge of Illinois. The teacher's union gets 90 cents of ever property tax dollar already. Where is your money going to come from, the federal government? They'll only give you some of what they already stole from you. Take money out of one pocket and put it in the other.
You have to face the fact that you've been lied to. Sucking the life out of the average home owner in higher property taxes or bogus fines is not going to make it, as anyone with any resources at all will just say fcuk it and move out, leaving nothing but the poorest. We're not talking about millionaires here; we're talking about Average Joes who work from 9 to 5 just like you do.
The welfare state does nothing but destroy economies. Look at the Venezuelans: up until recently they were very wealthy. After they voted the socialists into power they've had to stand in line for toilet paper. Socialism doesn't work; it's b*llsh*t. Don't let anyone tell you otherwise. Obama's a socialist; Rahm's a socialist; Hillary's a socialist.
Vote for politicians that believe in the free market, and America can once again generate more than enough money to honor its commitments.
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
Yeah because everyone wants a 67 year old geriatric with a cane showing up when they call for help. This job isn't like other jobs sitting in an office and there's not enough "inside" jobs to go around for every old timer. You're either in your 20's, not a cop, or both. Even 63 is pushing it in my opinion. Most coppers don't even live much past 63 considering police work isn't exactly conducive to good health. Get off the blog with that 67 nonsense.
Anonymous Anonymous said...
And my long term 2 year city sticker is $405...seriously time to move
3/22/2016 02:01:00 AM
Well you must be an effen moron to buy an extended term city city sticker from this city. Why should they have your money for that long. Wake up!!
Rahm you lying scumbag thief
Hey everyone listen to this rooter suckers done a great job his giving it all to wall street. WHY CAN THE LOCAL NEWS REPORT?
http://www.rebootillinois.com/2016/03/22/editors-picks/bbergman/who-drove-up-chicago-borrowing-faster-richie-or-rahm/54852/
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
Cuz the mayor is too stupid to realize the simplicity of that plan.
The homicides and shootings would be reduced by 50%. Idle time is the devils workshop and the devil is rearing his ugly horns here in Shitcago. Time for Trump.
3/22/2016 07:44:00 PM
Really? I worked homicide and I don't recall having much in the way of free time. Plenty of overtime but not much free time. You talking about working 8 hours tells me that you're not and never have been a detective.
http://www.guns.com/2016/03/22/this-just-out-of-left-field-a-bulletproof-ball-cap/
This would be incredible for CPD. We should make a push for it.
Anonymous Chet said...
Two explosions tore through Brussels airport on Tuesday morning killing 23 people in what Belgian public broadcaster VRT called a suicide attack, and a further blast struck a metro station in the capital shortly afterwards.
Breaking News at Newsmax.com http://www.newsmax.com/#ixzz43ddYRfLz
Chicago Aviation Security Officers:
Sign out your squirt guns from the radio room after roll call
3/22/2016 08:34:00 AM
What happens if you fight crime and shoot a bad guy, Jr.? Does your Detective Division take over?
Who does the follow up?
Will the follow up be the Government, and if so, will they say there is ABSOLUTELY no reason for you to exist?
Wise up, idiot. You are very lucky to have that job, it makes no sense to anyone with a brain who is not connected/corrupt.
The TIF funds have an excess of 1.7 Billion ON ACCOUNT as of 2009 (latest data on the city website.) Last year was the 1st year that the money going into the TIF funds exceeded the money going into the general fund. Dump the TIFs and this problem will get manageable. Besides state law limits what TIFs can be used for...and it ain't building warehouses and condo developments by/for the connected few.
Anonymous Anonymous said...
Anonymous said...
Converting the TIF money is all that is needed
3/22/2016 08:39:00 AM
It is a shame that some people still believe this. Even the teacher's union gave up on this fantasy. There is not near enough money in that fund to keep Chicago from sinking even faster. Property taxes must be raised and raised now to save these funds. The tax base in this state is dwindling. Independent auditors have looked at this town's finances and agree. The police pension fund will be insolvent in 6-8 years unless it receives mass amount of cash.
3/22/2016 10:59:00 AM
Anonymous said...
Chicago will have 12% sales tax by 2020. 8% residential property tax.
3/22/2016 11:29:00 AM
12% + 8% + 36% (income tax) = 56% of the average salary (AT LEAST) per a middle class Chicagoan going to Taxation.
stupid Chicago voter, elected a millionaire to do an what they thought was "average mans job"... which is why all the money is empting out of the city to his buddies
All these guys are millionaires , now billionaires and some how we're shocked that their interest are not ours . All you have to do is say some stupid slogan and folks in like they're the next savior . Hope and change and stupid build a wall . Not going to happen system is to broken only to benefit the rich , who dupe the last of the middle class to blame the poor for the mess they created in the first place.
Blogger Cuthbert J. Twillie said...
Nice article (sarc).
But the funny thing is, that nowhere is it mentioned, nor is it ever for some odd reason (more sarc), that the entire **Budget Crisis** is solely due to Mayor Shortshanks not paying into the Pension Funds when he was required to, using the money for numerous Vote Buying Schemes.
Once King Richie II, aka: 'Richie The Brainless' got away with it the first year the ground-rules were set, he could keep spending Pension Funds on further Vote Buying Schemes. And on it went, year after year after year. Continuing with the full knowledge and approval of the City Council.
It also went on with the full knowledge of *our* intrepid media. I read more than one article about what Daley what doing with the funds, or not doing, and there wasn't one word of criticism on how that would effect future funding and increased taxing.
It's just too bad that there's no way to make Daley legally responsible for his blatant disregard of his fiduciary duty as mayor. If it wasn't criminal, it sure as hell came close 'cause it wasn't done by accident.
************************************************************************************
Maybe you could go to the Pension Board website and look to see if the city has ever missed a payment. Hint, hint-they have not other than the 29 million the FOP somehow allowed about 25 years ago. It is fairly easy to find on the Internet. What needs to be done, if we are to be responsible, is to increase the yearly contribution from members to at least `12 percent and the city's commensurate with that.
I don't care what they have to do borrow money, raise taxes sell the lakefront to Goerge Lucas just pay the fricken pension fund. I can always move and take my pension check its me! Leave this city, county and state behind.
And by the way, why don't we look into suing the Illinois parole board every time a cop gets shot by one of these rehabilitated convicts that's out on the streets prior to serving half of their sentence. At least it would shed some light on the corupt system.
Daley then Rahm and when we get rid of Rahm who do you think the next one will be? Same thing! This is Chicago. Do you really think we will ever have a mayor free of politics .Same shit just a new face.
Anonymous said...
Then that P.O.S Burke said that there should be a larger real estate tax increase to pay for this pension . This is from a man who g as stolen millions upon millions and has been successful in getting plenty of his buddies tax breaks on thier property. Fucking crook should be c some bodies bride in the joint.
3/22/2016 03:51:00 PM
Yes, this from the alderman to seems to have violated all of the local ordinances in building his fortress in his ward and then got a substantial property tax break on this new construction. He lives like a king, has a city car and police drivers. And, he manages over 100 million in city funds for compensation and has been able to shelter it from public scrutiny . No wonder Rahm fell into line and backed the alderman. You might no like Rahm, but when you honestly look at the other people running, there was no better, and in fact, much worse. Chuy turned out to be the anti police liberal socialist.
Well spending all that money on new lakefront running and bike lanes will bring so many more money spending visitors to the city . They will bring in bus loads of joggers and bike riders from all over the country. Or maybe they will rent the bikes here. Then they can ride all the way south so the savages can attack them. Good move. Put the money into our pension fundsfirst.
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
3/22/2016 06:20:00 AM
How about the raise the minimum to 75 and the maximum to 95?
Idiot.
Brussels opened boarders to immigrants from waring countries.
now see what they got.
3/22/2016 08:07:00 AM
Just like a sanctuary city-Chicago
Anonymous said...
Build casino on Michael,Reese property , walking distance to McCormick place or on the abandoned steel mills on the east side .
3/22/2016 04:16:00 PM
Great idea. And give everyone that goes there a blank police report. They can fill out their personal information on it so when the Police find their body they can be identified.
Contact the N and NW side Rep Mike Quigley and ask him if he is with us
http://quigley.house.gov/contact
3/22/2016 09:06:00 AM
Quigley does what Madigan tells him to.
Some of these morons should look into the history of this police department before giving away or even suggesting a higher retirement age,ask any politician or the mayor to raise his retirement age and give up something in his contract and see what they tell you,you keep what you got and give up nothing a job is about getting paid which is a gain,and a benefit is a gain that was negotiated and fought for after years of not having ,why do u think teachers can go on teaching even after retirement,use your brains before even thinking about giving up 29 yrs and a day,the police have been screwed in history forever,and mayor Burn helped the police and from then on progress,keep it that way or you'll be sorry,unless your not the police and really don't care!
To 3/22/16 10:13pm. The reason you have never seen carbines in vehicles at ohare is: 1. Why bother to qualify if they wont let us carry them.(but did you see the news about Brussels) At other Airports they are now showing them off. 2. There aren't enough cars with the racks in them in order to use them let alone enough cars for us to use them. 3. Only if you are a chosen one can you get a car with a rack claiming that you need it for this reason but then you don't have to sign out or take your carbine with you.
Quarter billion here, quarter billion there.... next thing you know you're talking real money.
Rahm is such a slithering snake who refuses to honor the city's pension obligations.
Maybe you could go to the Pension Board website and look to see if the city has ever missed a payment. Hint, hint-they have not other than the 29 million the FOP somehow allowed about 25 years ago. It is fairly easy to find on the Internet. What needs to be done, if we are to be responsible, is to increase the yearly contribution from members to at least `12 percent and the city's commensurate with that.
Maybe you should re-check your facts. The FoP forgiveness was when Donohue was the Fop president. So it was not 25 years ago more like 12 years ago. Also ask Marriem Santos about King Richie. As soon as he became mayor he had is eyes on the pensions. He tried to pass legislation to tap into the pension funds, but thanks to Marriem Santos he was unable to because she was able to block him from doing that. So what does your King Richie do, he has her indicted on some trumped up charges and walla, King Richie is off to the races with our Pensions funds.
Sure the city put money into the pension fund, but they always played an end around and put in the minimum amount they could. They also used some old rule on the books to take pension holidays because of the big short the phoney housing market created.
Before King Ritchie the politicians were unable to use the pension money. The money was off limits. But, we all know what King Richie wants he gets. So Santos go to jail and Richie steals the pensions.
The ironic part about this is back in the 70's the mobsters did this with Teamster pension money and a few of them got caught and indicted. But, King Richie starts the same scam and all he did was enrich all of the connected people and himself and his theiving famly AKA Vanecko, son Patrick, Mrs. Conroy and few others. Shit this crooked family was even able to get away with murder in the public eye.
So before you accuse some one of fact checking maybe you should do your fact checking first. Also, you are probably one of the crooks that benefitted from the royal family and their crooked ways, so of course you think you earned it, but actually King Richie just stole it for you.
Anonymous Anonymous said...
Anonymous said...
How about raise the minimum and maximum retirement age? 57 for a minimum and 67 for a maximum.
Gene, is this you? I know that you turn 63 in like a month or two and you are one of the three finalist for the superintendent's job, but really? .... it's time to go dude. Make way for the younger guys like..... Gene Roy.... oh wait, he's also turning 63 soon and he's not the right color. How 'bout John Escalante..... oh wait, Lori Lightfoot said he isn't qualified.... I know, how 'bout Cornelia Lott? A ton of experience as the commander of 20 for 6 months....right color... right sex.... WINNER, WINNER, CHICKEN DINNER!
Casino? The suburbs have poker and slot machines. Why not Chiraque?
3/22/2016 05:13:00 PM
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A casino WAS a good idea -- 30 YEARS AGO!!!
Now, it's too late. How many casinos can you have?
People don't have as much "spending money" as they did before either.
I proposed a casino for Navy Pier about 30 years ago but that "was a bad idea". Well, all those who were against one at Navy Pier were shortsighted (to say the least)
Navy Pier would have been an excellent place for a casino that could also have had Lake access - where all the "High Rollers" pull in with their boats. Think of drawing all the money on Lake Michigan from WI, MI, and IN at Navy Pier.
"Oh no- we don't want a casino. We're afraid of Mob ties........blah...blah...blah"
Well, what could have been a GREAT idea (with GREAT revenue) turned to crap.
NOW you want a casino? Too late. The market is saturated. In fact, OVER-saturated.
The minimum retirement age should be dropped to 42 so us younger 20 and out people can make way for the new punching bags.
I didn't see anywhere in the OP referencing detectives having free time. But your response is very telling detective. Your either not much of a reading comprehension guy, or your guilty conscious is making you read into a post about idle hands and see yourself in there.
I assumed the "idle hands" were referring to the multigenerational welfare recipients who are perpetrators of said crime.
-------------------------------------
The homicides and shootings would be reduced by 50%. Idle time is the devils workshop and the devil is rearing his ugly horns here in Shitcago. Time for Trump.
3/22/2016 07:44:00 PM
Really? I worked homicide and I don't recall having much in the way of free time. Plenty of overtime but not much free time. You talking about working 8 hours tells me that you're not and never have been a detective.
Supreme court says to Chicago AUH, AUH!!!!
Anonymous IN THE KNOW said...
Casino? The suburbs have poker and slot machines. Why not Chiraque?
3/22/2016 05:13:00 PM
--------------------------------------------------
A casino WAS a good idea -- 30 YEARS AGO!!!
Now, it's too late. How many casinos can you have?
People don't have as much "spending money" as they did before either.
I proposed a casino for Navy Pier about 30 years ago but that "was a bad idea". Well, all those who were against one at Navy Pier were shortsighted (to say the least)
Navy Pier would have been an excellent place for a casino that could also have had Lake access - where all the "High Rollers" pull in with their boats. Think of drawing all the money on Lake Michigan from WI, MI, and IN at Navy Pier.
"Oh no- we don't want a casino. We're afraid of Mob ties........blah...blah...blah"
Well, what could have been a GREAT idea (with GREAT revenue) turned to crap.
NOW you want a casino? Too late. The market is saturated. In fact, OVER-saturated.
Market share. It's called market share. Chicago casino will take gamblers from Rivers in Des Plaines, which, incidentally, wins over 1 million every day of the year. Chicago casino would also draw gamblers from Horseshoe in Hammond another hugely profitable casino winning somewhere in the neighborhood of one million every day. A Chicago casino will win 500 million a year. How much of that will be taken as tax by the state of Illinois I don't know.
Anonymous Anonymous said...
stupid Chicago voter, elected a millionaire to do an what they thought was "average mans job"... which is why all the money is empting out of the city to his buddies
All these guys are millionaires , now billionaires and some how we're shocked that their interest are not ours . All you have to do is say some stupid slogan and folks in like they're the next savior . Hope and change and stupid build a wall . Not going to happen system is to broken only to benefit the rich , who dupe the last of the middle class to blame the poor for the mess they created in the first place.
3/23/2016 07:17:00 AM
You lose credibility when you pull numbers out of the sky.
Yeah. BILLIONAIRES.
And, please use spellcheck, periods and capitals. It's hard to understand you even when you're not exaggerating.
Anonymous Anonymous said...
Do you think Trump would authorize the payments to the peoples law office and lovey if he was the mayor? The peoples law office and lovey have found the cash cow that keeps on giving, giving away taxpayers money with the blessing of the democrats. Why do you think there is so much violence against the Donald? Because they know if he's elected the free ride is over and that dreaded 4 letter word "work" will be something every able-bodied person will be expected to do. Can you imagine if folks and people had to report for work and actually work for 8 hours. The homicides and shootings would be reduced by 50%. Idle time is the devils workshop and the devil is rearing his ugly horns here in Shitcago. Time for Trump.
3/22/2016 07:44:00 PM
I've read three different responses here, bitching about being hardworking detectives and how the o.p. doesn't know what they're talking about.
Dear detectives - this post wasn't directed at you or at how hard you do or don't work! Clearly it's about the OFFENDERS, the FREELOADERS, having to go to work and about the OFFENDER-FREELOADERS having 'idle hands' (resulting in more homicides, and more crime in general).
You claim to be detectives, but you took offense at something that wasn't even directed at you.
Anonymous Anonymous said...
I didn't see anywhere in the OP referencing detectives having free time. But your response is very telling detective. Your either not much of a reading comprehension guy, or your guilty conscious is making you read into a post about idle hands and see yourself in there.
I assumed the "idle hands" were referring to the multigenerational welfare recipients who are perpetrators of said crime.
-------------------------------------
The homicides and shootings would be reduced by 50%. Idle time is the devils workshop and the devil is rearing his ugly horns here in Shitcago. Time for Trump.
3/22/2016 07:44:00 PM
Really? I worked homicide and I don't recall having much in the way of free time. Plenty of overtime but not much free time. You talking about working 8 hours tells me that you're not and never have been a detective.
3/24/2016 05:30:00 AM
Thanks for clearing up this comment. If the detective had any reading comprehension how could he/she conclude the reference of folks and people as well as idle time inferred to include Chicago Police Detectives unless they were admitting to both. UNBELIEVABLE. NO WONDER THE CLEARANCE RATE IS ABYSMAL.
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