Mayor Richard Daley and his wife saw their income fall for the third straight year in 2009, according to tax returns released Friday.
The Daleys' net income last year was $175,240. That's down from $183,992 in 2008, $238,190 in 2007 and $363,647 in 2006.
Daley took 15 unpaid days off last year. That cut his gross pay by $8,883, about 4 percent of his city-budgeted $216,210 salary, spokeswoman Jacquelyn Heard said. The days off included six furlough days, three government shutdown days and six unpaid holidays.
The mayor has said he plans to take 29 unpaid days this year. Non-union city workers are taking 24 unpaid days off this year as Daley tries to balance the city budget during a recession.
Daley also deferred $38,874 toward retirement savings and about $1,787 toward health benefits, leaving him with a net income from the city of $166,667. The majority of the couple's 2009 income came from the mayor's salary, plus about $11,500 earned on investments.
Daley and his wife, Maggie, claimed a $3,000 capital gains tax credit after selling unspecified investments at a loss.
Property taxes on the couple's South Loop home were $13,640 in 2009, up from $13,175 in 2008. Taxes on their Michigan vacation home went up to $20,871 from $20,137 the year before, Heard said.
The Daleys reported charitable donations of $8,070, down from $11,000 in 2008. They are eligible for tax refunds of $7,779 from the federal government and $561 from the state.
BY FRAN SPIELMAN City Hall Reporter
Mayor Daley and his wife Maggie earned $175,240 in 2009 — a third straight year of declining income caused by furlough days and investment losses.
The Daleys reached their high-water mark in 2006, when Maggie Daley earned $100,000 from the Academy of Achievement, an organization that unites current and future world leaders for a weekend of seminars.
» Click to enlarge image
Mayor Daley and his wife Maggie earned $175,240 in 2009 — a third straight year of declining income caused by furlough days and investment losses.
(John J. Kim/Sun-Times)
Together, the couple made $363,647 that year.
By 2008, their income had been cut in half — to $183,992. Maggie Daley stopped working for the first time since 1995. Mayor Daley was the family’s only breadwinner.
Last year, times got tougher.
The mayor took 15 unpaid days off to help solve the city’s worst budget crisis in modern history and took an $8,883 hit on his $216,210 annual city salary.
Instead of reporting a capital gain, the Daleys sold investments at an unspecified loss and claimed the maximum $3,000 credit.
They reported $11,434 in interest and dividend income, down from $14,914 a year ago.
Chicago’s first family paid $25,349 in federal taxes in 2009 and $4,439 in state taxes. They made $8,070 in charitable contributions, down from $11,000 a year ago and $14,579 in 2007. They paid $985 in taxes on the undisclosed salary paid to a part-time housekeeper.
The Daleys’ income would have been higher, but the mayor deferred $38,874 to a city pension and to the governmental equivalent of a 401k. Another $1,787 went to a health benefit deferral.
The couple paid $13,640 in property taxes on their South Loop town home, $465 more than the year before. Real estate taxes on their summer home in Grand Beach, Mich., totaled $20,871, a $734 increase.
Maggie Daley was diagnosed with metastatic breast cancer in 2002 and has suffered several recent cancer setbacks. City Hall has insisted that health concerns had nothing to do with her 2008 decision to stop working.
In recent years, Maggie Daley has traveled the world with her husband, accompanying him on many trips tied to Chicago’s failed bid to host the 2016 Summer Olympic Games.
Their travel became an issue last year, when the mayor acknowledged that he and his wife had taken multiple trips aboard a $31 million jet owned by EduCap, a multi-billion student loan charity under the microscope because of the high interest it charges on charitable student loans and the perks it provides to its CEO.
The Daleys have maintained they have no tax obligation from the trips they took, presumably because the mayor worked some official duties into the trips while Maggie Daley traveled in her official capacity with the Academy of Achievement, an EduCap-funded organization that unites current and future world leaders for a weekend of seminars.
This clip was proof of your ignorance Pat, not funny at all and in bad taste! Just goes to show your mentality. (Response) I try to post people's opinions different than yours to be fair.
The lawsuits have only just begun!!!!!!! the boys know they can not do what they do, the names change but the crimes are always the same, Don't them boys know they are not going to get away with what they got away with before, are they that stupid or what. Why would them boys do it? any comments Pat? Wait till the next show on Chicago Clout !!!! it is going to be a hell of a show, I like working behind the scenes Pat, Thanks Pat for your support and your hard work that goes into every show, know one knows what it takes to make a great show, wait till the "players" go to jail, it is going to be a hell of a dance from "Chicago clout" personnel. And they say what have we done !!!!!!!!!!!! (laughs)
BY FRAN SPIELMAN City Hall Reporter
Chicago businesses struggling to survive the prolonged recession will no longer be forced choose between trees and employees — at least not until June, 2012.
Defying Mayor Daley, the City Council’s License Committee agreed today to give businesses a two-year reprieve from the costly demands of Chicago’s 1991 landscaping ordinance.
At a time when sales are down and payrolls have been pared, businesses insist they can no longer afford to spend tens of thousands of dollars planting trees and shrubs and putting up wrought-iron fences.
“If you come on my street, we have nine blocks of car lots that are empty because nobody can afford to put up fencing,” said Harry Roth of B&R Motor Sales, 3601-19 N. Cicero.
Noting that wrought-iron fences only have to be 4 feet high, Roth said, “This is not gonna beautify a car lot or a gas station or a parking lot. This just creates more problems. They all have business signage hanging. It’s not a pretty sight.”
Daley is a self-described tree-hugger who is almost singularly responsible for Chicago's array of median planters and wrought-iron fences.
Last month, the mayor said he was willing to let businesses substitute plastic fences for more costly wrought-iron. But, he was not prepared to embrace a blanket moratorium.
But, Ald. Richard Mell (33rd) said Monday it’s time for beautification to take a back seat to jobs.
“I’ve got guys telling me, `If you force me to do this, I’m just gonna pack up and move,’" Mell said.
“I love trees as much as the mayor loves trees. But, come on. Let’s think about putting people to work. Let’s make their businesses be able to survive. Let’s not throw impediments in front of ‘em in these economic times,” Mell said.
“This is a common sense approach to give people time to breathe,” said Ald. Tom Allen (38th).
The mayor’s ordinance required parking lots to devote ten percent of their space to landscaping.
Obviously referring to the political furor surrounding the privatization of Chicago parking meters, Ald. George Cardenas (12th) said, “With the meter situation that we put ourselves in, it is now time that we help businesses recover some of the parking space they might have lost with very stringent landscaping rules.”
Although the mayor was initially luke-warm to the moratorium, Zoning Administrator Patty Scudierro appeared to be all for the idea at today’s hearing.
In fact, she said tickets issued in recent months to businesses that failed to comply with the landscaping ordinance would be “non-suited,” or tossed out. And Scudierro said top mayoral aides are hard at work to find ways to make the requirements less onerous and expensive.
At least one alderman — Pat Dowell (3rd) — was none too thrilled about the idea of letting chronic offenders off the hook.
Informed that a business that has thumbed its nose at the ordinance for years would also be off the hook, Dowell said bluntly, “That sucks.”
Posted by:
Chicago businesses given 2-year reprieve on landscaping ordinance |
April 12, 2010 8:51 PM
April 14, 2010 (SPRINGFIELD, Ill.) -- New state employees in Illinois will have to work to age 67 and won't get the same, generous annual pension increases in retirement under a law Gov. Pat Quinn signed Wednesday that he claims will save the state $220 billion.
Quinn inked legislation he said would stabilize underfunded state retirement systems and save $400 million just this year to use toward closing a monstrous deficit.
But he risked his political standing with labor unions who argue the pension reform pushed through the Legislature does nothing to solve existing problems with what is one of the nation's worst-funded retirement programs.
In return, he said it bolsters his case for an income tax increase to help whittle down a $13 billion deficit.
"It protects taxpayers and it protects the retirement of thousands of public employees and teachers," Quinn said after signing the bill in his state Capitol office, surrounded by Republican legislative leaders as well as those from his own Democratic party. "This will bring a new era of financial responsibility to our state, save billions of dollars for the taxpayers, and make sure we have a solvent public pension system."
The plan raises the retirement age to 67 after ten years of service from age 60 with eight years. It also reduces an annual increase of 3 percent, compounded, to half the inflation rate or 3 percent, whichever is less, in simple interest.
"This is for people who are going to be 67 well into the future. And besides, 67 is not that old," said 61-year-old Senate President John Cullerton, the Chicago Democrat who sponsored the measure.
The law applies to people hired after Jan. 1.
The proposal was widely seen as necessary because the state's five pension systems are underfunded by $80 billion after decades of governors and legislators shorting the accounts of annual contributions. Quinn's budget director, David Vaught, said the state will have to pay $220 billion less through 2045 than it would under the old rules.
"This was a way to create long-term pension stability that we could afford, instead of long-term pension instability that crowded out other state spending for years to come," Vaught said.
Unions argue that state employees have faithfully paid their contributions into retirement funds even when the state was skipping. They say surrounding states' benefits are more lucrative, so teachers, for example, will choose to go elsewhere rather than sign up in Illinois, where they face the prospect of 45 years in the classroom before they get full benefits.
Quinn said he doesn't know what his action will cost him in terms of union support in this fall's election, but said "the public will be appreciative of someone, a governor who never flinched from doing something really meaningful."
It also should make voters more comfortable about supporting a tax increase. Quinn has proposed a 1 percent increase in the income tax rate to avoid deep cuts to education.
A popular provision of the pension law is an end to "double-dipping," where a retiree collects a public pension but takes another full-time job on a government payroll. Part-time jobs are allowed, however, so teachers, for example, may continue to substitute teach.
The measure also limits the top salary on which a pension may be based to $106,800. There previously was no limit on income used to determine a pension.
And a pension will be based on the highest salary earned in eight of the employee's final ten years, instead of the four highest salaries in the last decade.
Comments
Mayor Richard Daley and his wife saw their income fall for the third straight year in 2009, according to tax returns released Friday.
The Daleys' net income last year was $175,240. That's down from $183,992 in 2008, $238,190 in 2007 and $363,647 in 2006.
Daley took 15 unpaid days off last year. That cut his gross pay by $8,883, about 4 percent of his city-budgeted $216,210 salary, spokeswoman Jacquelyn Heard said. The days off included six furlough days, three government shutdown days and six unpaid holidays.
The mayor has said he plans to take 29 unpaid days this year. Non-union city workers are taking 24 unpaid days off this year as Daley tries to balance the city budget during a recession.
Daley also deferred $38,874 toward retirement savings and about $1,787 toward health benefits, leaving him with a net income from the city of $166,667. The majority of the couple's 2009 income came from the mayor's salary, plus about $11,500 earned on investments.
Daley and his wife, Maggie, claimed a $3,000 capital gains tax credit after selling unspecified investments at a loss.
Property taxes on the couple's South Loop home were $13,640 in 2009, up from $13,175 in 2008. Taxes on their Michigan vacation home went up to $20,871 from $20,137 the year before, Heard said.
The Daleys reported charitable donations of $8,070, down from $11,000 in 2008. They are eligible for tax refunds of $7,779 from the federal government and $561 from the state.
Posted by: Daley’s income down again in 2009 | April 9, 2010 9:15 PM
April 9, 2010
BY FRAN SPIELMAN City Hall Reporter
Mayor Daley and his wife Maggie earned $175,240 in 2009 — a third straight year of declining income caused by furlough days and investment losses.
The Daleys reached their high-water mark in 2006, when Maggie Daley earned $100,000 from the Academy of Achievement, an organization that unites current and future world leaders for a weekend of seminars.
» Click to enlarge image
Mayor Daley and his wife Maggie earned $175,240 in 2009 — a third straight year of declining income caused by furlough days and investment losses.
(John J. Kim/Sun-Times)
Together, the couple made $363,647 that year.
By 2008, their income had been cut in half — to $183,992. Maggie Daley stopped working for the first time since 1995. Mayor Daley was the family’s only breadwinner.
Last year, times got tougher.
The mayor took 15 unpaid days off to help solve the city’s worst budget crisis in modern history and took an $8,883 hit on his $216,210 annual city salary.
Instead of reporting a capital gain, the Daleys sold investments at an unspecified loss and claimed the maximum $3,000 credit.
They reported $11,434 in interest and dividend income, down from $14,914 a year ago.
Chicago’s first family paid $25,349 in federal taxes in 2009 and $4,439 in state taxes. They made $8,070 in charitable contributions, down from $11,000 a year ago and $14,579 in 2007. They paid $985 in taxes on the undisclosed salary paid to a part-time housekeeper.
The Daleys’ income would have been higher, but the mayor deferred $38,874 to a city pension and to the governmental equivalent of a 401k. Another $1,787 went to a health benefit deferral.
The couple paid $13,640 in property taxes on their South Loop town home, $465 more than the year before. Real estate taxes on their summer home in Grand Beach, Mich., totaled $20,871, a $734 increase.
Maggie Daley was diagnosed with metastatic breast cancer in 2002 and has suffered several recent cancer setbacks. City Hall has insisted that health concerns had nothing to do with her 2008 decision to stop working.
In recent years, Maggie Daley has traveled the world with her husband, accompanying him on many trips tied to Chicago’s failed bid to host the 2016 Summer Olympic Games.
Their travel became an issue last year, when the mayor acknowledged that he and his wife had taken multiple trips aboard a $31 million jet owned by EduCap, a multi-billion student loan charity under the microscope because of the high interest it charges on charitable student loans and the perks it provides to its CEO.
The Daleys have maintained they have no tax obligation from the trips they took, presumably because the mayor worked some official duties into the trips while Maggie Daley traveled in her official capacity with the Academy of Achievement, an EduCap-funded organization that unites current and future world leaders for a weekend of seminars.
Posted by: Daleys earned $175K in 2009 | April 9, 2010 9:29 PM
Funny as hell old boy! That video made me crack up. Thanks.
Posted by: The funniest Chicago Video on Youtube | April 10, 2010 4:12 PM
HI PAT.
LOVE IT KEEP UP THE GOOD WORK.
Posted by: ANGELO | April 10, 2010 5:19 PM
This clip was proof of your ignorance Pat, not funny at all and in bad taste! Just goes to show your mentality. (Response) I try to post people's opinions different than yours to be fair.
Posted by: NORTH DISTRICT | April 11, 2010 8:09 PM
The lawsuits have only just begun!!!!!!! the boys know they can not do what they do, the names change but the crimes are always the same, Don't them boys know they are not going to get away with what they got away with before, are they that stupid or what. Why would them boys do it? any comments Pat? Wait till the next show on Chicago Clout !!!! it is going to be a hell of a show, I like working behind the scenes Pat, Thanks Pat for your support and your hard work that goes into every show, know one knows what it takes to make a great show, wait till the "players" go to jail, it is going to be a hell of a dance from "Chicago clout" personnel. And they say what have we done !!!!!!!!!!!! (laughs)
Posted by: Bruce Randazzo | April 11, 2010 10:53 PM
pat, you are a sick motherf---er!!!!!
Posted by: chgo10 | April 12, 2010 5:29 PM
April 12, 2010
BY FRAN SPIELMAN City Hall Reporter
Chicago businesses struggling to survive the prolonged recession will no longer be forced choose between trees and employees — at least not until June, 2012.
Defying Mayor Daley, the City Council’s License Committee agreed today to give businesses a two-year reprieve from the costly demands of Chicago’s 1991 landscaping ordinance.
At a time when sales are down and payrolls have been pared, businesses insist they can no longer afford to spend tens of thousands of dollars planting trees and shrubs and putting up wrought-iron fences.
“If you come on my street, we have nine blocks of car lots that are empty because nobody can afford to put up fencing,” said Harry Roth of B&R Motor Sales, 3601-19 N. Cicero.
Noting that wrought-iron fences only have to be 4 feet high, Roth said, “This is not gonna beautify a car lot or a gas station or a parking lot. This just creates more problems. They all have business signage hanging. It’s not a pretty sight.”
Daley is a self-described tree-hugger who is almost singularly responsible for Chicago's array of median planters and wrought-iron fences.
Last month, the mayor said he was willing to let businesses substitute plastic fences for more costly wrought-iron. But, he was not prepared to embrace a blanket moratorium.
But, Ald. Richard Mell (33rd) said Monday it’s time for beautification to take a back seat to jobs.
“I’ve got guys telling me, `If you force me to do this, I’m just gonna pack up and move,’" Mell said.
“I love trees as much as the mayor loves trees. But, come on. Let’s think about putting people to work. Let’s make their businesses be able to survive. Let’s not throw impediments in front of ‘em in these economic times,” Mell said.
“This is a common sense approach to give people time to breathe,” said Ald. Tom Allen (38th).
The mayor’s ordinance required parking lots to devote ten percent of their space to landscaping.
Obviously referring to the political furor surrounding the privatization of Chicago parking meters, Ald. George Cardenas (12th) said, “With the meter situation that we put ourselves in, it is now time that we help businesses recover some of the parking space they might have lost with very stringent landscaping rules.”
Although the mayor was initially luke-warm to the moratorium, Zoning Administrator Patty Scudierro appeared to be all for the idea at today’s hearing.
In fact, she said tickets issued in recent months to businesses that failed to comply with the landscaping ordinance would be “non-suited,” or tossed out. And Scudierro said top mayoral aides are hard at work to find ways to make the requirements less onerous and expensive.
At least one alderman — Pat Dowell (3rd) — was none too thrilled about the idea of letting chronic offenders off the hook.
Informed that a business that has thumbed its nose at the ordinance for years would also be off the hook, Dowell said bluntly, “That sucks.”
Posted by: Chicago businesses given 2-year reprieve on landscaping ordinance | April 12, 2010 8:51 PM
April 14, 2010 (SPRINGFIELD, Ill.) -- New state employees in Illinois will have to work to age 67 and won't get the same, generous annual pension increases in retirement under a law Gov. Pat Quinn signed Wednesday that he claims will save the state $220 billion.
Quinn inked legislation he said would stabilize underfunded state retirement systems and save $400 million just this year to use toward closing a monstrous deficit.
But he risked his political standing with labor unions who argue the pension reform pushed through the Legislature does nothing to solve existing problems with what is one of the nation's worst-funded retirement programs.
In return, he said it bolsters his case for an income tax increase to help whittle down a $13 billion deficit.
"It protects taxpayers and it protects the retirement of thousands of public employees and teachers," Quinn said after signing the bill in his state Capitol office, surrounded by Republican legislative leaders as well as those from his own Democratic party. "This will bring a new era of financial responsibility to our state, save billions of dollars for the taxpayers, and make sure we have a solvent public pension system."
The plan raises the retirement age to 67 after ten years of service from age 60 with eight years. It also reduces an annual increase of 3 percent, compounded, to half the inflation rate or 3 percent, whichever is less, in simple interest.
"This is for people who are going to be 67 well into the future. And besides, 67 is not that old," said 61-year-old Senate President John Cullerton, the Chicago Democrat who sponsored the measure.
The law applies to people hired after Jan. 1.
The proposal was widely seen as necessary because the state's five pension systems are underfunded by $80 billion after decades of governors and legislators shorting the accounts of annual contributions. Quinn's budget director, David Vaught, said the state will have to pay $220 billion less through 2045 than it would under the old rules.
"This was a way to create long-term pension stability that we could afford, instead of long-term pension instability that crowded out other state spending for years to come," Vaught said.
Unions argue that state employees have faithfully paid their contributions into retirement funds even when the state was skipping. They say surrounding states' benefits are more lucrative, so teachers, for example, will choose to go elsewhere rather than sign up in Illinois, where they face the prospect of 45 years in the classroom before they get full benefits.
Quinn said he doesn't know what his action will cost him in terms of union support in this fall's election, but said "the public will be appreciative of someone, a governor who never flinched from doing something really meaningful."
It also should make voters more comfortable about supporting a tax increase. Quinn has proposed a 1 percent increase in the income tax rate to avoid deep cuts to education.
A popular provision of the pension law is an end to "double-dipping," where a retiree collects a public pension but takes another full-time job on a government payroll. Part-time jobs are allowed, however, so teachers, for example, may continue to substitute teach.
The measure also limits the top salary on which a pension may be based to $106,800. There previously was no limit on income used to determine a pension.
And a pension will be based on the highest salary earned in eight of the employee's final ten years, instead of the four highest salaries in the last decade.
------
The bill is SB1946.
Posted by: Vote for State Rep John D'Amico | April 14, 2010 11:41 PM
THIS IS FUC*ED UP.YOU NEED YOUR HEAD CHECKED OUT. (Response) Where?
Posted by: Anonymous | April 15, 2010 9:06 PM