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City of DeKalb TIF Update Letter_091418
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8 Comments
Time for a forensic audit.
we insist. Whats another 5 -10 k for an audit to shine a light on all the shiesters of the past. Seems comedic the new guard says lets start from here. The past does not matter. Also. All that tiff money should be in the general fund. That alone would help balance the budget. You can dress up the town all you want after we balance the budget.
What do these âadministrative costsâ represent? Who got paid and for what? The taxpayers deserve details before a new tif is formed. We need to see if the past tax dollars spent on private development have had a positive economic impact on the cityâs revenue. If it canât be proven effective it needs to be ended. I believe the taxpayers in the city should be added to the list of litigants that might sue to get their money back.
The City of DeKalb is threatening us. SHAMEFUL. Mike Verbic David Jacobson
Our predecessors already increased the burden on all DeKalb taxpayers as a result of irresponsible TIF oversight. This is now on us to correct without any further increase to our overtaxed system.
This letter was signed by Mayor Smith, and our city manager. I donât believe the mayor actually wrote it, itâs not his style. Iâm curious as to who the real author is
Reads like an $11 million dollar “unencumbered” buy off to me and that’s not a correction of past practices nor will it decrease the burden of an overtaxed system. 100% agreement that the members of the JRB failed to ask “unencumbered” questions when it counted. The City does not owe the other taxing districts an accounting going back 20 years but they do owe it to the taxpayers, a forensic audit is advised. But the other taxing units also owe the taxpayers a 20-year accounting of what they did with the “unencumbered” funds they received from the Van Buer/Blagojevich Central TIF extension. And finally, the power of 2×2 and its ability to circumvent the OMA is fully displayed in this letter — projects that were fully expected to be approved will be cancelled or delayed? Oh my.
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The fact that the books are not open and clear means we need to ask why and who is trying to hide the past sins. We can only learn from past mistakes if we all know what they were.