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Get the word out: By the book, Chicago is Not Broke

Two editors of Gazette Chicago recently met with Tom Tresser of the TIF Illumination Project, who also co-founded CivicLab, to talk about his and those organizations’ book, Chicago Is Not Broke: Funding the City We Deserve.

Chicago mayors for years have been saying Chicago is broke—and have used that as an excuse for schemes from trying to get the Olympics for Chicago, to privatization, to closing public schools and mental health clinics, to cutting Chicago Transit Authority and Park District services, to the biggest boondoggle of all: tax-increment financing (TIF) districts, which siphon tax money from needed City services and infrastructure into a fund that mayors have unfortunately used to reward cronies rather than build up underserved areas.

Many Chicago City Council members have either stood silent, as more than one mayor has dipped into the TIF pot to reward favored friends, or even enthusiastically embraced TIFs, as TIF money has flowed to their own close cronies.

Tresser noted, “If Chicago is not broke, then we move from a narrative of scarcity and ‘can’t have’ to one of self-sufficiency and possibility.”

The book proves Chicago is not broke. It discusses money that officials and the rich and powerful took from the people of Chicago—money that should not have been spent, but yet continues to be spent. It shows money that the powers-that-be have hidden from the people but that instead should be available to us. Lastly, it offers suggestions for raising money that the City is not taking advantage of—but should be.

Please read the article beginning on page 1 to learn more about Chicago Is Not Broke.

In meeting with Tresser, we found it very interesting when he told us that none of the major media in Chicago have reviewed the book—or even mentioned it. Why? The record shows that often the major media have backed schemes such as TIFs, the Olympic bid, and cuts to City services. In fact, it was Tresser and his colleagues who successfully led the fight to get the International Olympic Committee to defeat Chicago’s bid for the Olympics. The major media were not happy.

Therefore, it is up to local, independent media such as Gazette Chicago to get the word out. Which we are happy to do. 

“There are many examples of civic problem-solving throughout the city that deal effectively with perplexing and longstanding social and economic problems,” Tresser said. “They are run by civic champions who have passion, skill, and experience. They just lack power. And money.”

We urge those civic champions, community groups, and individuals to buy and discuss the book. Tresser and his colleagues are happy to come and discuss it with you at meetings and other venues. If the major Chicago media will not tell you that Chicago is not broke, Tresser and his colleagues are happy to explain it to you without them. 

We also urge those aldermen who have stood by silently while mayors have claimed Chicago is broke, or who have enthusiastically backed a variety of questionable mayoral financing schemes, to show some backbone and start adopting the principles and policies in Chicago Is Not Broke.

If more money were available for communities, those communities would have more power—and the downtown consultants, financial services firms, banks, and developers would have less.

For more information, for the book, or for a visit by Tresser and his colleagues, log on to www.wearenotbroke.org, call (773) 770-5714, or email [email protected].

Because Chicago is not broke. And it is time to get the word out.

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NEXT ISSUE October 6, 2023

Gazette Chicago is an independent, legacy media organization and the paper of record in its community for 41 years. In addition to earning more than 70 journalistic awards, Gazette Chicago has been recognized for building bridges within the ten diverse communities it covers. Whether publishing news stories and investigative pieces that make a difference in the lives of our residents, extensive and fair political coverage and endorsements each election cycle, or thought-provoking and hard-hitting editorials, Gazette Chicago provides a unique and critical service to its readers.

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