The taxpayer bill for the Obama Center to be built on Chicago’s Southside now appears to be $224 million, not $172 million as initially reported, and it’s certainly not privately funded as initially promised. And how many Chicagoans know they may be subject to a special property tax, in addition to those amounts, for the center?
The elements of that $224 million are described in a Washington Examiner article yesterday. We shouldn’t be surprised because funding was stuck into the new Illinois budget — over 900 pages presented to the General Assembly only hours before being voted on it. It’s only now being read closely. -- More...
