DeKalb’s Population Illusions

**Update: DHS enrollment projections for next year have been corrected from 17,000 to 1,700 and I appreciate receiving the email heads up.** Possibly the worst argument in support of the land swap deal between District 428 and Shodeen is this: The land near [DeKalb High School] offers more promise for the district than Kiwanis Park.…

Arguments Against New TIF Districts in DeKalb

Because somebody’s got to do it. Here are the general reasons DeKalb should not open up any new Tax Increment Financing Districts at this time. Pensions. DeKalb’s property tax levy is applied only toward pension costs, and pension costs have been accelerating. Every penny that gets swallowed by the increment has to be made up…

New Per Capita Debt Numbers

[Update 8:30 a.m.: Table headers edited for clarity.] You’ve seen most of this table before. I’ve updated it with FY2011 data from the new Comprehensive Annual Financial Report (CAFR). [table id=49 /] Most of the overlapping increase came from DeKalb Community Unit School District 428. Mind you, these figures reflect only gross bonded debt. The…

What I’m Reading

Daily Chronicle: “Briscoe: Here’s Budget 101 for District 428” The Stephenson Blumdoggle: “The State of Stephenson County: Delusional and Propagandized” (which is also about a budget. I recommend reading a bit further as well, at least to “A Justified Default on $5.5 million”). Capitol Fax.com: “Joe Walsh Tells Candidate He’s Running in Another District” Pro…

A Closer Look at DeKalb Per Capita Debt

This table was part of Friday’s long post, but deserves some attention of its own. [table id=34 /] You can find the breakdown of the FY2010 overlapping debt in this document, on p. 153. FY2010 ended June 30, 2010. Let’s look at some of the GO bond issues since that date: DeKalb County: $16,000,000, 10/14/2010…

Town Hall Next Week at Conexion Comunidad

Third Ward Alderman Kristen Lash will hold a town hall meeting next Wednesday, August 31. So far, participants are: Kristen Lash, 3rd Ward Alderman Jim Luebke, DeKalb Township Trustee Paul Stoddard, County Board, District 9 Julia Fauci, County Board, District 9 Alderman Lash hopes also to include a representative of the District 428 school board.…

City & School District TIF Surplus Budget Estimates

[table id=13 /] The school district is allocating its share for debt service, while the City of DeKalb’s will be dropped into the General Fund. One might ask why the city has projected $670,000 for FY2012 since the October estimates came in $528,200 under its preliminary estimates. At least two factors must be at play:…