Thursday, October 22, 2009

The Shadow Budget | Feature | Chicago Reader

The Shadow Budget | Feature | Chicago Reader: "We recently came into possession of hard evidence of what we've long argued: that the city produces two annual budgets, one released to the public, covered by the media, and debated by the City Council, and the other forged behind closed doors by the Daley administration, shared only in pieces with certain aldermen, and never fully disclosed to citizens. Both budgets are funded by taxpayers.

For the last few years, we've been trying to force the city to open up that shadow budget, which is funded by property taxes diverted into Chicago's tax increment financing program."

And another part of the secret budget is the zillions of condo and townhome associations around the loop.

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