More Lining of their pockets at taxpayers expense -like McCaskill.

Chicago Funnels A Third Of Property Taxes To Mayor-Managed Slush Funds

Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.

= Rahm

How to fix the problem

Fortunately, some state lawmakers are looking to take necessary steps toward reform. Two bills with bipartisan support – Senate Bill 2880, filed by state Sen. John F. Curran, R-Downers Grove, and House Bill 5230, filed by state Rep. William Davis, D-East Hazel Crest – would define “blighted areas” as areas in which the median household income is “100 percent or less of the area median income,” as specified by the U.S. Department of Housing and Urban Development. This measure would go a long way toward limiting TIF abuse.

TIFs serve as another example of fiscal mismanagement by city officials. Taxpayers shouldn’t have to foot the bill for irresponsible budgeting practices that benefit connected developers. Until Illinois does away with these political slush funds, local governments will continue to force taxpayers to make up for shortfalls that benefit a select few.

https://www.zerohedge.com/news/2018-07-27/chicago-funnels-third-property-taxes-mayor-managed-slush-funds