(psst,buddy,wanna buy a TIF?...It's the only game in town)

So I'm talking with a buddy today(YES,I've got a couple friends[?]),
anyway,he was wonderin'aloud about that $10mill. the city borrowed to buy up those houses that flooded out twice,remember?
http://www.rrstar.com/archive/x481183698

Quote:

Last update Nov 14, 2007 @ 07:19 AM
ROCKFORD —
The City Council approved Tuesday night a committee report that recommends a $10 million plan to buy homes in the Keith Creek floodplain.
The buyout plan would be financed through a line of credit expiring in June 2009 through Associated Bank. The buyouts will be administered by the Rockford Local Development Corp. The RLDC will own the homes while the city applies for state and federal grants to finance the project.
If the loans aren’t enough, the city will have to absorb the remaining cost.....

so I suppose THAT came due,huh?
So then look into RLDC...
http://www.rldc.us/index.html(really nothing THERE...)
So I went back to the city website to TRY to find ANY trail of OUR TAX$$$$$

And I stumbled on THIS...
http://www.ci.rockford.il.us/uploadedFiles/government/Finance/Divisions/CentralServices/Fincond(3).pdf
Gotta check it out!

Quote:

YEAR END FINANCIAL CONDITION
Fund balances for the 2008 budget year ending December 31, 2008 are deemed to be sufficient to insure a healthy
financial condition for the City. Of the seventeen funds projected to have year-end deficits, none are considered to
be of concern....

Note: ( ) denotes DEFICIT DOLLARS
REDEVELOPMENT TAX...(4,452,142)
TAX INCREMENT DISTRICTS...(1,357,751)

THERE'S $6MILLION of OUR TAX DOLLARS WASTED ON LarryBoy's"DEVELOPMENT" EXCELLENCE....

Whatta wasteful administration.... they NOW have the AUDACIOUS ARROGANCE to want to CUT emergency providers OR RAISE ambulance rates!!!!

Get outta here...

(psst,buddy,wanna buy a TIF?...It's the only game in town)