Cook County Flush with Cash
Every branch of government has money, but they're always pleading poor and demanding tax increases:
- Tax-increment financing districts in Cook County brought in a record-breaking $1 billion last year, according to Cook County Clerk David Orr’s annual TIF Revenue report.
That’s nearly 18 percent more than 2016, the report shows. The county is comprised of 447 districts, with 143 located in Chicago. The city’s districts generated $660 million in tax revenue last year, a $99 million, or 18 percent, increase over last year.
So again, we ask Prickwrinkle, what was the purpose of the soda tax? County is flush with money according to your own accountants.
Labels: county, money questions
posted by SCC at 12:02 AM
20 Comments:
Think about how much funding they would have if not for Tom Darts many lawsuits ibcluding his 150 million dollar merit board flap.
They will find a way to spend it. Corruption is expensive.
My God, can you imagine how much they're stealing ?
Preckwinkle and here ilk want to steal and give away more taxpayer monies!
Daley started it thanks to the 26th street crew!
That buys a lot of pizza parties at Dart’s jail.
Stealing, like in the days of Amin.. Rob your county/country blind and flee..
Problem is the Democrats are spending faster then it is coming in. Was there a mention of a surplus in the report,or a rainy day fund.
So of the 147 districts in city, how many “community” districts had those increases? Thought so.
the city/county is flush with cash.
every pet project has 'found' money.
then finance the shit out of it.
this is how the smart little motherfucker operates.
what did faisel khan say about how much each fancy new street light cost?
more than his yearly investigative budget.
rahm possesses the fuckery few enjoy like elon.
Some suburban Chicago townships have actually sent refunds when excess property taxes were collected.
Re-Elected PrickWanker managed and mismanaged to scam millions for her staff, personal County paid luxuries and a bloated patronage army.
So many audits, so little time.
Where’s our representation?
Not one Elected official out there can smell a corrupt County rat?
We need Recall and Term Limits more than any other City, County or State in the nation.
VOTE NO to any and all concessions there is plenty of money!
Abolish TIF Districts now or even a holiday for a few years to fix pensions and budgets?
It ain't stealing. It's reallocation of funds. It's DemocRat fiscal policy.
The city will have a lot more money since Chicago is being reassessed this year for property taxes. Near north had huge increases and last week the northwest side began getting their reassessments and the assessors office continued their trend of huge increases. Not unusual to see increases of 40 to 50%, some as high as 90%. Residents aren’t to concerned now because it’s only a notice of reassessment, but what until next year when the 2nd installment of property taxes includes the new increase
Crook County at it's finest.
.... Residents aren’t to concerned now because it’s only a notice of reassessment, but what until next year when the 2nd installment of property taxes includes the new increase
7/25/2018 11:21:00 AM
How is it possible for property owners to not make the very simple and obvious connection between:
Revised Market Value = Assessed Valuation = Total Tax Bill for Year specified.
It is right there on the fucking bill.
And how is it possible that property owners cannot make the simple and obvious comparison that a 50% increase in Market Value = Assessed Valuation WILL = at LEAST a fucking 50% increase in Total Tax Bill for Year specified? And that ONLY if the county does NOT increase the Tax Rate, which they most certainly will, should these gross increases in AV not produce the Total Tax Harvesting Quantity they require.
It's fucking basic math, no matter how convoluted the politicians mumbo jumbo it.
And as far as waiting for that 2nd Installment Bill, yeah, that's gonna be a shitting pants moment, as the 1st Installment, even being clearly defined as being 55% of the previous year's Total Bill, will not be the figure to attempt to calculate that 2nd Installment as the remaing 45% of that last year Total Bill. Not even close.
You, the residents, theoretically, OWN Real Property. Even with the debt load(s) you carry.
FFS, at least know simple Math.
There is more money to be accounted for. About 10 years ago there were approximately 10,000 inmates at Cook County Jail. In 2015, the Cook County website estimated it cost taxpayers $143 per day to house an inmate. Present day there is approximately 5,000 inmates at Cook County Jail. Let's do the math shall we.
10,000 x $143 = $1,430,000/day
$1,430,000 x 365days = $521,950,000/year
5,000 x $143 = $715,000/day
$715,000 x 365days = $260,975,000/year
That's a savings of a quarter of a billion dollars.
Where the fuck is the money????
Cook county has one of the highest sales tax in the United States. What does taxwinkle do with all that money?
And how is it possible that property owners cannot make the simple and obvious comparison that a 50% increase in Market Value = Assessed Valuation WILL = at LEAST a fucking 50% increase in Total Tax Bill for Year specified? And that ONLY if the county does NOT increase the Tax Rate, which they most certainly will, should these gross increases in AV not produce the Total Tax Harvesting Quantity they require.
It's fucking basic math, no matter how convoluted the politicians mumbo jumbo it.
And as far as waiting for that 2nd Installment Bill, yeah, that's gonna be a shitting pants moment, as the 1st Installment, even being clearly defined as being 55% of the previous year's Total Bill, will not be the figure to attempt to calculate that 2nd Installment as the remaing 45% of that last year Total Bill. Not even close.
You, the residents, theoretically, OWN Real Property. Even with the debt load(s) you carry.
FFS, at least know simple Math.
Here’s the simple math. $5000 tax bill increases by 50% to $7500. It’s installment is $2750, 55% of old tax bill of $5000. Now comes the kicker. Your 2nd installment will be $4750.
Tax bills used to be 50% and 50%, for each installment. Then politicians got cute and made the 55% rule because in non reassessment years people would look and say its the same and in a few years actually the 2nd installment was lower if the tax rate didn’t rise much
They also got cute and changed reassessment from every 4 years to every three. Ah Cook County politics
Try and get a county service, very frustrating. The county employees don't do their jobs.
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