Romeoville to increase property tax l...
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Horse

Romeoville, IL

#81 Jan 5, 2013
Truth will set you free wrote:
<quoted text>
Maybe we should put john and Steve in the ring and settle this man to man.
I forgot, Steve from his wrestling days never fought midgets.
LOL you really think this is John? You’re just showing more and more of what an idiot you really are. I’m only here because of the losers like you. OK loser. Here is what you have done to Mongo so far. Let’s see. 1) Mongos first mistake. He wants to become Mayor so he can help the schools. Brilliant! But the Mayor has nothing to do with the school system. Awe dammit (Mongo) 2) Thanks to your video everyone can now hear for themselves that Mongo has never worked a day in his life (quoted from his mommy). Brilliant again!! Awe dammit, again (Mongo). Keep going idiot. Give me more to show. Hey Mongo. You better find out who this idiot is and stop him. He is making you look foolish.
interested

Romeoville, IL

#82 Jan 5, 2013
Geez its already been four years since Gail crawled back under the rock. Funny she only comes out for elections well we can all be glad she's not running herself. But she is out to smear everyone but her own clown Mongo. WOW should be a leash law for trolls. Hahaha
Citizens Against Noak

Romeoville, IL

#83 Jan 6, 2013
April 9, 2013 your choice is "Clear" like the clean air that we breathe.
We have no future with Noak, all we have is mountains of debt.
Let's take our Village back!

https://docs.google.com/file/d/0BwmWpXpHgzmGL...
Really

Romeoville, IL

#84 Jan 6, 2013
Your link is broken.
Citizens Against Noak wrote:
April 9, 2013 your choice is "Clear" like the clean air that we breathe.
We have no future with Noak, all we have is mountains of debt.
Let's take our Village back!
https://docs.google.com/file/d/0BwmWpXpHgzmGL...
anti mongo

Romeoville, IL

#85 Jan 6, 2013
Really wrote:
Your link is broken.
<quoted text>
i could open tt..nice sign of current and future mayor..!
Vote for John

Romeoville, IL

#86 Jan 6, 2013
I was able to open it this time to the picture. NICE!!!!!!

anti mongo wrote:
<quoted text>i could open tt..nice sign of current and future mayor..!
Fred

Romeoville, IL

#87 Jan 7, 2013
Undermine management this village did very well, now it's drowning in debt, thanks to Noak's spending spree.
Listen clueless

Bolingbrook, IL

#88 Jan 7, 2013
Fred wrote:
Undermine management this village did very well, now it's drowning in debt, thanks to Noak's spending spree.
First you're not Fred. Almost all the borrowing that has been done was planned for and put in place under FRED. Noak and the current board saved money from Fred's original plan. Facts that will easily be pointed out over and over again. Ooops! Those troublesome facts keep getting in your way don't they.
Really

Romeoville, IL

#89 Jan 7, 2013
If we are so in debt, then explain the $400,000.00 surplus.
Taxpayer

Romeoville, IL

#90 Jan 7, 2013
ask Kirk, he knows
Dose of reality

Bolingbrook, IL

#91 Jan 7, 2013
"A TIF CAN NOT fund a grocery store you IDIOT! Get it through your head already. Learn the law and stop making crap up. The residents are not at risk for any of this its paid for by the TIF."

--In theory you are right, except that the village will be floating a general obligation bond for the downtown project. A general obligation bond is secured by all of the revenues available to the municipality. So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt. You can Google "general obligation debt (or bonds)" and see the definition yourself, don't take my word for it.

And before you attack me for not knowing what I am talking about, the terms of the proposed debt offering are available on the village's web site. So I am not making anything up.

So in the future, "RHS Fan", YOU might want to consider the facts before calling someone else an idiot. Just because you think you know what you are talking about doesn't make you right.
Little John

Bolingbrook, IL

#92 Jan 7, 2013
Dose of reality wrote:
"A TIF CAN NOT fund a grocery store you IDIOT! Get it through your head already. Learn the law and stop making crap up. The residents are not at risk for any of this its paid for by the TIF."
--In theory you are right, except that the village will be floating a general obligation bond for the downtown project. A general obligation bond is secured by all of the revenues available to the municipality. So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt. You can Google "general obligation debt (or bonds)" and see the definition yourself, don't take my word for it.
And before you attack me for not knowing what I am talking about, the terms of the proposed debt offering are available on the village's web site. So I am not making anything up.
So in the future, "RHS Fan", YOU might want to consider the facts before calling someone else an idiot. Just because you think you know what you are talking about doesn't make you right.
You tell em John.
Dose of reality

Bolingbrook, IL

#93 Jan 7, 2013
I am definitely not John. Just a long time Romeoville resident who doesn't favor the Bolingbrook model of borrowing for political ego.

I worry that dollars that are being borrowed today will only break the back of future tax payers. And I know better than to believe that using TIF dollars means that the project is "riskless" to the citizens of the village.

Someone commented earlier about the Village Hall project coming in under budget but that only happened because the Fire Station that was supposed to be built in that same project never came to fruition.

I am glad that everyone is so riled up one way or the other but everyone needs to consider the facts before they race to an answer.

I really don't care who any of you vote for but be informed and don't take politicians "opinions" as gospel. Remember that they are in the business of being elected and are going to spin anything in it's most favorable light.
1050 Romeo

Chicago, IL

#94 Jan 7, 2013
Dose of reality wrote:
"
--In theory you are right, except that the village will be floating a general obligation bond for the downtown project. A general obligation bond is secured by all of the revenues available to the municipality. So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt.
you said it so well
Fact Checker

Bolingbrook, IL

#95 Jan 7, 2013
Dose of reality wrote:
I am definitely not John. Just a long time Romeoville resident who doesn't favor the Bolingbrook model of borrowing for political ego.
I worry that dollars that are being borrowed today will only break the back of future tax payers. And I know better than to believe that using TIF dollars means that the project is "riskless" to the citizens of the village.
Someone commented earlier about the Village Hall project coming in under budget but that only happened because the Fire Station that was supposed to be built in that same project never came to fruition.
I am glad that everyone is so riled up one way or the other but everyone needs to consider the facts before they race to an answer.
I really don't care who any of you vote for but be informed and don't take politicians "opinions" as gospel. Remember that they are in the business of being elected and are going to spin anything in it's most favorable light.
The fire station was a potential proposal, but was never included in the original budget for the municipal complex.

As for the "Bolingbrook" model the two couldn't be more different. Comparing a luxury golf course that has no other income stream to a multi-use indoor facility that is backed up by an existing TIF District is way off base. Also Bolingbrook underwrites many things that Romeoville has no part off. So keep your Roger finger pointed right at him. And at the end of the day. The "Bolingbrook" model of financing has worked for their community. It has improved leaps and bonds. Romeoville is far more fiscally conservative in comparison.
Fact Checker

Bolingbrook, IL

#96 Jan 7, 2013
Dose of reality wrote:
"A TIF CAN NOT fund a grocery store you IDIOT! Get it through your head already. Learn the law and stop making crap up. The residents are not at risk for any of this its paid for by the TIF."
--In theory you are right, except that the village will be floating a general obligation bond for the downtown project. A general obligation bond is secured by all of the revenues available to the municipality. So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt. You can Google "general obligation debt (or bonds)" and see the definition yourself, don't take my word for it.
And before you attack me for not knowing what I am talking about, the terms of the proposed debt offering are available on the village's web site. So I am not making anything up.
So in the future, "RHS Fan", YOU might want to consider the facts before calling someone else an idiot. Just because you think you know what you are talking about doesn't make you right.
Maybe you need to do a little more homework yourself first. Yes, the bond issue would be for a "general obligation" bond. But if you really knew or cared to know what you were talking about you would know that most municipal bonds are issued that way to gain a lower rate. In this case, the bond issue is funded through TIF revenue that already exists (not new revenue). This revenue is current and stable. The improvements to the area will then rise and create more revenue. This leaves very little risk at all to the residents. Your view is far fetched at best considering that these projects were based on revenue from the worst national economic climate since the great depression. So, even in the worst economy the TIF will be able to pay off the bond issue.

What is your alternative? Do nothing? Great plan! We had that it was called Fred and Mongo just wanted the money for himself. And yes a TIF District can't pay for a grocery store. But what the village is doing is exactly what a TIF District was designed to do.

But you keep living in that the sky is falling world and nothing at all will happen or improve. And Bolingbrook will continue to get new things at Romeoville's expense just like it did under Fred. Great Plan. You sure you're not Roger instead?
1050 Romeo

Chicago, IL

#97 Jan 7, 2013
"So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt."
Fact Checker

Bolingbrook, IL

#98 Jan 7, 2013
1050 Romeo wrote:
"So if the TIF doesn't have enough to fund the debt and principal then the village will need to raise taxes to cover the shortfall or default on the debt."
Clearly you don't care to actually talk about it or read it. You just keep spilling your nonsense.
Dose of reality

Bolingbrook, IL

#100 Jan 8, 2013
Again, you can be angry at reality and that is your prerogative.

First, I understand that bonds are issued as GOs because they yield a lower interest rate but in exchange for that rate you are putting all of the revenues of the village on the hook for the project. That is all there is to say about it. You can talk yourself into some alternate reality but facts are facts. If you can find FACTS that prove the opposite I am willing to apologize for my statement.

Second, I wasn't comparing the golf course in Bolingbrook to what is happening in Romeoville at all. I am talking about political hubris. Furthermore, I don't think at any point I took sides against anyone, Noak included, so if you took it that way, that's on you and maybe says a little more about the reality of the situation then you think.

I think that people's anger on here speaks volumes about what you think you really know. When people start calling each other "idiots" and making "midget" comments it is a complete reflection of your lack of a logical argument. People say that sort of thing when they can't come up with grown up words.

Again, I don't recall saying I was in support of anyone's agenda. I just prefer that if there is going to be a dialogue about this that you are informed of all the details not just those that suit your liking.
Really

Romeoville, IL

#101 Jan 8, 2013
Well said.
Dose of reality wrote:
Again, you can be angry at reality and that is your prerogative.
First, I understand that bonds are issued as GOs because they yield a lower interest rate but in exchange for that rate you are putting all of the revenues of the village on the hook for the project. That is all there is to say about it. You can talk yourself into some alternate reality but facts are facts. If you can find FACTS that prove the opposite I am willing to apologize for my statement.
Second, I wasn't comparing the golf course in Bolingbrook to what is happening in Romeoville at all. I am talking about political hubris. Furthermore, I don't think at any point I took sides against anyone, Noak included, so if you took it that way, that's on you and maybe says a little more about the reality of the situation then you think.
I think that people's anger on here speaks volumes about what you think you really know. When people start calling each other "idiots" and making "midget" comments it is a complete reflection of your lack of a logical argument. People say that sort of thing when they can't come up with grown up words.
Again, I don't recall saying I was in support of anyone's agenda. I just prefer that if there is going to be a dialogue about this that you are informed of all the details not just those that suit your liking.

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