Protest Rahm's $5.2 million TIF givaway to his appointed billionaire CPS boardmember Penny Pritzker for a Hyatt hotel w/ the CTSC on 8/8

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David Orlikoff

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Jul 28, 2012, 7:57:12 AM7/28/12
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Join the Chicago Teachers Solidarity Campaign to tell the billionaires on the unelected Chicago Board of Education - HANDS OFF OUR KIDS' CASH!!!
We will hold a press conference and speak out followed by picketing at 53rd and Lake Park on Wednesday, August 8th from 5:30pm-8:00pm.

I need someone to propose this event tomorrow at GA! please let me know if you can. CTSC meets mondays at 6:30 at 333 s ashland. email ctsca...@gmail.com Please spread the word, check out the event and flyer and info! the monarch (mayor) has too much power. We need to strip it away, and getting an elected representative school board would be a great place to start. Rahm put his dog Moore on the scene to kill squash the effort but in 2 years we can change this city and give it what it hasn't seen in decades, some democracy.

event: http://www.facebook.com/events/335882093162102/
flyer: imgur.com/LPkKv
video: http://www.facebook.com/photo.php?v=475890719089395
photos: http://www.facebook.com/media/set/?set=a.475891875755946.114494.469558816389252&type=1

facebook: http://www.facebook.com/ChicagoTeachersSolidarity
email: ctsca...@gmail.com
twitter: http://twitter.com/CTSCampaign
website: http://ctscampaign.weebly.com

Hyatt Hotel mogul Penny Pritzker was appointed to the unelected Chicago Board of Education by Mayor Rahm Emanuel. Instead of putting money into schools, she's taking it directly from parents and teachers' property taxes in a $5.2 million TIF (Tax Increment Financing) scheme for a Hyatt hotel at 53rd and Lake Park asked for by the University of Chicago. The U of C ($6.6 billion) and Penny ($1.8 billion) have over $8 billion together and can afford to build their own hotel without robbing the community and defunding local schools.

The board's proposed CPS 2013 budget targets seven neighborhood public schools (Dyett high school, Kenwood Academy, Canter middle school, Reavis Elementary, Burke elementary, Ray school, Kozminski Academy) around the Hyatt TIF for defunding to the amount of $3,379,677, at a loss of 27 positions.

If this TIF wasn't here, 62% of the same property taxes paid by the community would automatically go to schools. Interestingly, 62% of $5.2 million is very close to this $3.37 million funding hole. But Hyatt Hotel is only one part of the $20 million Harper Court renovation from the 53rd Street TIF founded in 2001.

With 62% of that money, we could hire more teachers and reduce class sizes. Instead, the University of Chicago is getting a 12 story office building. The Chicago Board of Education should be fighting to return that money to our schools, not waiting in line for a handout from the Mayor for their private business.

TIFs are supposed to be for economic development, but the redevelopment has driven landmark local businesses including Dixie Kitchen, Dr. Wax records, and the Calypso Cafe off the land and out of business. Now the construction is blocking a dozen more businesses' traffic.

As a member of the Board of Education, it's Penny's job to find money for our schools, not to take our money for her business. TIFs are property taxes the mayor controls costing us close to $500 million a year. By state law, 62% of that would go to public schools, over $250 million this year. But the unelected board appointed by the mayor has no incentive to go against him as he squanders the public’s funds on political favors.

We must end the chronic defunding of neighborhood schools by reclaiming TIFs and taxing the rich. It's our money, our kids, our teachers, our communities and our schools—we should have most of the say in how it's run, not out of state special interest groups backed by the 1%. The Chicago Board of Education must be elected and representative of the CPS community. That's the only way we can end the race and class disparities in quality of CPS education and ensure we fully fund quality public education for all Chicagoans regardless of race, money, special needs or legal status.

Kelvin Ho

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Jul 28, 2012, 9:25:28 AM7/28/12
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Can you submit this to the social media form? And isn't the reply ctsc meeting already on the calendar?

Kelvin Ho

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Jul 28, 2012, 9:25:43 AM7/28/12
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Weekly

On Jul 28, 2012 6:57 AM, "David Orlikoff" <mcf...@gmail.com> wrote:

David Orlikoff

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Jul 28, 2012, 9:28:07 AM7/28/12
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I did submit it to the form. but i didnt put the location in the time/date/location box. its in the description though. i cant edit the forum.
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