Friday, April 8, 2011
Wednesday, April 6, 2011
Monday, April 4, 2011
The day has come...
...to cast your vote.
ELECTION DAY.
Polls open at 6:00 am and close at 7:00 pm
Complaints about polling place violations?
Call the Kane County State's Attorney's Office
at (630) 208-5328.
In Cook County call the Vote fraud hotline
at (312) 603-0909.
ELECTION DAY.
Polls open at 6:00 am and close at 7:00 pm
Complaints about polling place violations?
Call the Kane County State's Attorney's Office
at (630) 208-5328.
In Cook County call the Vote fraud hotline
at (312) 603-0909.
Thursday, March 31, 2011
Through the eyes...
...of the bureaucrats.
Here's a document that is part of the City of Elgin's planning process. It shows the Assessed Value of all Elgin properties.
And here is what Elgin looks like, according to Zillow. Now, Zillow is a website that helps people looking for homes. It tracks the REALISTIC value of property, based on what people were willing to pay for homes in the area.
The green line in the chart above is the median value of homes in Elgin. The yellow line represents home values in zip code 60120. The brown line is the home value of 360 North Spring Street in the NENA area.
It is on the market for $110,000. The Kane County clerk is taxing it at $159,000.
We live in different worlds, don't we?
Here's a document that is part of the City of Elgin's planning process. It shows the Assessed Value of all Elgin properties.
And here is what Elgin looks like, according to Zillow. Now, Zillow is a website that helps people looking for homes. It tracks the REALISTIC value of property, based on what people were willing to pay for homes in the area.
The green line in the chart above is the median value of homes in Elgin. The yellow line represents home values in zip code 60120. The brown line is the home value of 360 North Spring Street in the NENA area.
It is on the market for $110,000. The Kane County clerk is taxing it at $159,000.
We live in different worlds, don't we?
Saturday, March 26, 2011
Schock and Warren improve downtown
Recent back-room activity by Mayor Schock and Councilman Warren (both miraculously on the April ballot) has resulted in new space for the seniors on the east side of Elgin.
The map below shows the location of this new Revenue Drain to our "vibrant" downtown district.
Well, it does take care of two vacant storefronts. The Bandits office is still vacant. Maybe we're already paying for that space. Why not move in there?
By the way Ed, the cardiologists in town are complaining about the location. It's too close to Al's!
On a related note, Stegall has cast in his lot with Schock and Warren on this one. Look for changes in management at Dexter Court if Dave Kaptain wins.
The map below shows the location of this new Revenue Drain to our "vibrant" downtown district.
Well, it does take care of two vacant storefronts. The Bandits office is still vacant. Maybe we're already paying for that space. Why not move in there?By the way Ed, the cardiologists in town are complaining about the location. It's too close to Al's!
On a related note, Stegall has cast in his lot with Schock and Warren on this one. Look for changes in management at Dexter Court if Dave Kaptain wins.
Tuesday, March 22, 2011
Pardon me...
...your math is showing.
Mayor Schock defended the Artspace project by saying that it would for the first time be paying property taxes.
Let's examine that for a moment. We are going to use $14.5 million tax dollars and maybe collect $100,000 in property taxes once it gets going.
It will take us 145 YEARS to return our investment!
CORRECTION! I made a mistake above. It is a wrong assumption to think the $14.5 million is the total investment. Remember that this will be SUBSIDIZED housing, so even more tax money will be pumped into the project. If the average per unit Section 8 subsidy reaches $151.52 per month, it will be mathematically impossible to begin paying off the debt.
Mayor Schock defended the Artspace project by saying that it would for the first time be paying property taxes.
Let's examine that for a moment. We are going to use $14.5 million tax dollars and maybe collect $100,000 in property taxes once it gets going.
It will take us 145 YEARS to return our investment!
CORRECTION! I made a mistake above. It is a wrong assumption to think the $14.5 million is the total investment. Remember that this will be SUBSIDIZED housing, so even more tax money will be pumped into the project. If the average per unit Section 8 subsidy reaches $151.52 per month, it will be mathematically impossible to begin paying off the debt.
The Downtown Details
The red Vs are vacant storefronts.
The blue RDs are the revenue drains in town, things like government agencies and non-revenue producing organizations.
If not for the banks and the churches, it would be a ghost town!
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