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Proviso Probe

Friday, May 05, 2006

MEDIA, Nyberg to guest host "Viewpoints..." [BW]

Arnie Bryant has asked me to host "Viewpoints From the Other Side" Saturday, 2PM on WJJG, 1530 AM.

I'm going to start by discussing the Bellwood TIFs and the plan to use the money from these TIF districts to build three new schools for District 88.

8 Comments:

  • This comment has been removed by a blog administrator.

    By Anonymous Anonymous, at 9:32 PM, May 05, 2006  

  • Carl, can you tell us what happened with yarbrough's impeachment bill.Did it pass?
    Can you talk about the spending of our tax dollars on the use of cell phones and overabundance of trips to meetings by board members, as well as the free gas given to Bellwood trustee's.

    By Anonymous bellwood, at 10:19 AM, May 06, 2006  

  • Hey Carl when will you interview Rick Fox from Westchester?

    By Anonymous Michigan Bob, at 10:45 AM, May 06, 2006  

  • Carl,
    How do the economics of that deal work?

    Don't TIF's get funded through an increase in tax dollars?

    How will these TIF's pay for themselves? I mean, are there big new developments coming in that are going to boost the increment of local property taxes? Or is this just pure speculation?


    And aren't those dollars diverted from the schools anyway?This whole thing seems to be just a case of robbing Peter to pay Paul.

    By Anonymous wow, at 12:05 PM, May 06, 2006  

  • I deleted one comment under "anonymous". Please use a pseudonym.

    By Blogger Carl Nyberg, at 4:41 PM, May 06, 2006  

  • The impeachment resolution is still with the Rules Committee.

    Proviso Probe already had a discussion about perks for board members.

    By Blogger Carl Nyberg, at 4:44 PM, May 06, 2006  

  • The amount of tax money from the property going to other taxing bodies (schools, library, parks, county, etc.) gets frozen. The increase in taxes all goes to the municipality which is supposed to reinvest in the TIF district.

    This idea is to use the money to invest in the tax base.

    By Blogger Carl Nyberg, at 4:46 PM, May 06, 2006  

  • Yes, that is what a TIF does. But how does this proposed TIF generate incremental taxes to finance these multi-million dollar improvements?

    How close to the financial edge is Bellwood? Sounds like another Broadview waiting to happen....

    By Anonymous wow, at 6:29 PM, May 07, 2006  

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