March and Rally May 25

MARCH AND RALLY
TUESDAY, MAY 25
4-6 PM
125 S. Clark St (CPS HQS)

Join us to protest CPS budget cuts–No to 37 students in a classroom. This is a march/rally for all who are opposed to the cuts and who want the city to pay for the crisis through their TIF funds and other sources.

Why are our children always the ones to sacrifice for their economic crisis? How come no one ever asks why the financial and corporate elites don’t have to sacrifice and cut profits instead of teachers having to cut pensions/wages, or children having to have cuts services?

The three (possibly four) slogans (TENTATIVE) for the march/rally, which was proposed by CORE at a CTU Delegates meeting and is sponsored by the Chicago Teachers Union, the Grassroots Education Movement (including TSJ and others), are:
Cut Board Waste, Chop the Top
Freeze Charters and Turnarounds
Make the City Pay [through TIF** funds, etc.]

If you look at the below chart, created by Ben Joravsky of the Chicago Reader (the main person writing about the TIFs in Chicago), you can see that the 2009 balance for TIF funds is $825 million. These are OUR tax dollars, taken from schools, parks, libraries, and more.

In fact, here’s a quote from Joravsky’s Oct 22, 2009 article about the TIF Budget:
Earlier this year Gene Saffold, Daley’s chief financial officer, and Christine Raguso, head of the community development department, told the City Council’s finance committee that the city had a little more than $1 billion in TIF funds on hand at the beginning of 2009. To put that in context, this year’s official city budget was about $6 billion.
So you can see, there’s a lot of money out there.

TIF money in Chicago: The Shadow Budget

If you want more information on the TIF’s, the city’s “shadow budget” (Joravsky’s term), and more, check out the Chicago Reader TIF Archive at http://www.chicagoreader.com/chicago/the-chicago-reader-tif-archive/Content?oid=1180567

Come to the march/rally on May 25!!!

Vote for CORE in the CTU Election May 21!!

Come to the next TSJ Meeting May 18 (see below)

** TIF (Tax Increment Financing) is a development mechanism that is supposed to support development in “blighted” areas (Chicago currently has about 160 TIFs). When the city declares a TIF, it freezes the amount the area’s parks, schools, libraries, etc., receive in tax revenue for the next 23 years at the amount it was at the moment the TIF was created. But as tax revenues go up, instead of the increase going to schools, etc., it all goes into a special development fund controlled by the Mayor, his appointees on the Community Development Commission, and the City Council. Much of this money goes to real estate developers and major corporations (e.g., United Airlines, the Willis Tower, and others). See Joravsky’s articles for much much more. Also see Mike Quigley’s detailed 2007 report, “A Tale of Two Cities,” available at: http://www.heartland.org/custom/semod_policybot/pdf/21830.pdf

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