Mike Jacobs Voted For Tax Breaks For The Wealthy…

including himself!

I’m sure most of you have seen the Neil Anderson campaign ad against Jacobs called “the Rock Island Racket” where Jacobs is accused of abuse of power, among other things.

Color me unsurprised that a state senator who sits as energy committee chair while his daddy lobbys for powerful energy companies could be characterized as abusing power because—Illinois! But this is what WQAD/QCTimes is “fact checking” on this ad:

“Specifically the ad claims [Jacobs] used his position as state senator to help his company, Eagle River Investments by co-sponsoring a bill and receiving a TIF, or tax increment financing from East Moline.”

Abuse of power with Jacobs is a given as far as I’m concerned, but what really frosts my cookies is that Jacobs co-sponsored and voted for a bill that would extend TIFs for 25 years, which means that QC schools will get screwed out of the money they would have gotten and will have to wait 25 years to get it.

If then.

But you can count on Jacobs getting out on the campaign trail decrying the lack of funding for education and demanding that taxpayers must be reamed even more to finance them.

All the while Jacobs and his wealthy pals get the benefits of the TIF and the schools and taxpayers get the shaft.

No surprise there, either.

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Author: qcexaminer

None of your damned business.

2 thoughts on “Mike Jacobs Voted For Tax Breaks For The Wealthy…”

  1. First I think you have this a little backwards. The vote was on extending enterprise zones not TIF In Illinois and also changing language to make it easier for smaller communities to benefit from enterprise zones.

    The property will get roads and sewer from the TIF which would have to meet markers before they would start the roads and sewer.

    The news here called the claim misleading because Jacobs would not benefit from the changes.

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