Posts tagged property taxes
Chicago Teachers Union urges city to end TIF districts, send $1 billion in funds to Chicago Public Schools
October 10, 2024 // TIF districts essentially freeze property taxes collected from a specific area, with the extra tax money generated from improved property values going to a fund intended to support development projects in blighted communities. But critics of TIF districts have said they amount to slush funds for elected officials to subsidize real estate developers without properly addressing the needs of low-income communities. CTU officials said their plan to sweep TIF funds back to CPS would help the district avoid mass program and personnel cuts, but it doesn't end there. They also said it would prevent school closures and staff furloughs, all of which they insist are currently on the table under CPS CEO Pedro Martinez's leadership.
California labor shows off its political muscle
May 10, 2023 // His speech followed appearances earlier Monday by Assembly Speaker Anthony Rendon of Lakewood, Senate President Pro Tem Toni Atkins of San Diego and Attorney General Rob Bonta. Atkins pledged again to protect workers’ rights, while Rendon re-upped his backing of a bill to let legislative staffers form a union. The number of potential voters is staggering and, at times, consequential: The Labor Fed claims 2.1 million members in 1,200 local unions and the Building Trades says it has some 450,000 members in 157 affiliated unions. Union members are also a key source of possible volunteers to canvas neighborhoods, run phone banks and distribute campaign flyers. Then there’s the money — a lot of money. As CalMatters’ data journalist Jeremia Kimelman calculated Monday, in 2021-22 alone the Labor Fed spent nearly $2.7 million on campaigns and the Trades another $2.7 million, including more than $1 million to the state Democratic Party and local parties. In addition, the Labor Fed spent $877,000 on lobbying in 2021-22, while the Trades put in nearly $1.2 million.