Thursday, June 25, 2009

So I been thinking about that "Redevelopment Fund" that is supposed to support the Metro Centre....
so you go HERE
and find....Financial Information

Subsections: Annual Budgets... and click there....
2005 Annual Budget
2006 Annual Budget
2007 Annual Budget
2008 Annual Budget
2009 Proposed Budget

Now,for instance,2005 looks.....
Mayor's Budget Message
Executive Summary
Budget Highlights
How to Use This Document
The 2005 Process, Public Involvement, Amending the Budget
Financial Planning-The Key To The Future
Cash Management-Maximizing Resources
Employees-The City's Most Important Asset
Capital Equipment & Projects
Revenue & Financing Changes
Year End Financial Condition
Legislative & Management Services
Mayor's Office
City Council
Legal
Finance
Information Services
Personnel
Board of Election Commissioners
Community Development Services
Community Development Administration
Development
Redevelopment
Tourism
TIF Districts:
East Side TIF
West Side TIF
7th Street TIF
S Rockford TIF
SE Affordable Housing TIF
Lincolnwood TIF
Springfield Corners TIF
North Main TIF
Rockford Global Trade Park TIF
Planning Division
Building Department
Human Services
Human Services Department
Drug Free Initiative Program
Tuberculosis Sanitarium
Library
Mass Transit
Public Safety Services
Police
Fire
911 Communications
Board of Fire & Police Commissioners
Public Work Services
Administration
Engineering
Capital Project Fund
Motor Fuel Tax Fund
Streets & Sewers
Traffic
Parking
Sanitation
Property & Equipment
Water
Non-Operating Funds
Police and Fire Pension Funds
Illinois Municipal Retirement Pension Fund
Health Insurance Fund
Unemployment Insurance Fund
Worker's Compensation Fund
Auditing
Debt Service
OTB Special Projects Fund
Risk Management
Underground Storage Tank Removal Fund


(This was the last year of Doug Scott...two things to note....NINE TIF districts....and clicking on that "Redevelopment Fund"...shows a financial forecast of an ending 2006 deficit balance of $1,069,000)
Fast forward to the 2009 proposed budget we find a total of TWENTY FIVE TIFs

Meanwhile,the 2009 budget shows that same fund with a financial forecast to begin 2010 with a deficit balance of.....
$5,244,000

see, the TIFs create DEBT,paid out of property taxes....the "Redevelopment Fund" deficits gets covered by the General Fund(property taxes)......so THEN we blame public safety and public works for the General Fund balance shortages...

only in LarryBoy's empire...........
EXCELLENCE INDEBTEDNESS!!!!!!!!!!

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