For the last few weeks, a fellow named Bill Bergman and I have been in heated competition to see which one of us could get better terrible service from the Emanuel administration, to which we so generously pay our taxes.
I was waiting for—what else?—the annual audit of the city’s 150-something tax increment financing districts. Which also covers the fiscal year that ended last December. And is also due at the end of June.
Dig in, if you want.
Here’s the link to that video.
As such, his economic hero would be Milton Friedman and mine is Joseph Stiglitz—the pride and joy of Gary, Indiana.
For instance, Mayor Emanuel has bragged that he’s balanced every budget without a property tax hike. Even though the schools and city are hundreds of millions in debt and he’s in effect raised property taxes every year by virtue of the TIF program.
