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This is one of the weekly newsletters I wrote for Dr. Amara Enyia to promote her Chicago mayoral candidacy.
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One Chicago, Our Chicago. View this email in your browser
Submit Your Petitions! This Week
Keep a look out forAmara at these events!
11.17 | Jane ByrneMemorial Service
St. Vincent de Paul1010 W. Webster
11:00 a.m.Internment at
Calvary Cemetery
11.18 | Crete-Monee HighSchool Night of Leaders
1515 W. ExchangeCrete, IL
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We are getting down to the wire! This week, joinforces with us to get Amara on the ballot!
Review the steps above and click here to print offpetitions.
Drop off your completed petitions at the followingStarbucks locations from 6:00 p.m. to 8:00 p.m.:
11.18 | 4753 N. Broadway (Broadway andLawrence)
11.19 | 6451 W. Diversey (Brickyard Mall, nextto Jimmy John's and Game Stop)
5:00 p.m.-6:30 p.m.
11.19 | HaroldWashington Lives 21647 S. Blue Island7:00p.m.-8:00 p.m.
11.20 | Public AlliesFellows Meeting200 N. Michigan
4:00 p.m.-5:00 p.m.&
Lamda Legal'sTransgender Day ofRemembrance and
Resilience3656 N. Halsted
6:30 p.m.-8:30 p.m.
11.22 | Village LeadershipAcademy Scholarship
Luncheon1001 W. Roosevelt
12:00 p.m.-2:00 p.m.
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11.20 | 1174 E. 55th (Hyde Park)
Can't make it? Call (312) 685-2179 to schedule atime this week.
Amara Proposes aPublic Bank for the Cityof Chicago
Moving Chicago in the right direction requires out-of-the-box thinking about what it takes to grow theeconomy. Dr. Amara Enyia is proposing a publicbank for Chicago because Chicago needs to beable to finance its major infrastructure projects,provide access to capital for small businesses andhomeowners, and generate revenue.
"Establishing a public bank in Chicago would makeus a national leader pursuing the boldest financialreforms," she said. "Chicago's economy remains inthe clutches of private banks and prioritizes theneeds of private banks over the needs of the City.This depletes our treasury and keeps our economyfrom improving and creating jobs,” said Enyia.
Chicago is a billion dollars in debt to the big bankswhich means taxpayer dollars leave the city Apublic bank, modeled after the Bank of NorthDakota, would allow us to invest in large and smallscale projects, that will stimulate investment.
better Chicago!
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“Our proposal will support the local economy bymaking loans to help small businesses,homeowners and landlords, and fundinfrastructure, while the the city would benefit fromrevenue generated through the bank” said Enyia.“Being able to extend lines of credit to smallbusiness owners beyond what traditional bankshave been able to do, allows communities thathave been struggling with access to capital togrow.”
The city would be able to more effectively addressinfrastructure needs without the high interest ratesand finance fees the city now pays to borrow fromother financial institutions.
A public bank could also address lendingdisparities that affect housing quality and access. Areport issued by the Institute for Housing Studies atDePaul University found that while the multi-familyloan market is dominated by bigger loans targetedto wealthy communities, credit is difficult to obtainfor apartment building owners in low-incomeneighborhoods. Lack of access to finance meanslandlords struggle to pay for projects like roofrepairs and this puts properties and neighborhoodsat risk of deterioration.
“A public bank could offer low-interest loans tohomeowners and landlords. This would decreasethe poor conditions in many housing developmentsthat cater to low-income residents. It also ensuresthat homeowners are able to care for their homes,which can stabilize and improve property values,”added Enyia.
As mayor, Dr. Enyia’s economic agenda seeks to
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promote balanced growth across the entire city andstrengthen Chicago’s economy by ensuring thatmoney circulates within the city for the benefit ofthe public. Moving Chicago forward requires boldthinking under new leadership.
Invest In Our Chicago!
You can make an investment in the future - intrustworthy leadership, a high quality schoolsystem, protected public assets, reliable cityservices, and a fiscally sound government. Amarais the candidate that represents the future of ourcity. Make an investment today. Every dollaramount - $25, $50, $250, $500 - counts.
The campaign headquarters will be closed this
week.
Amara's Commentary
The Need for More Transparency inGovernment
The mayor's response to the question of why thesereckless bond deals were not renegotiated: “I’vetold you what I’ve done, what you can do, and inother places where you can’t, unfortunately there’sa thing called a contract.”
But it was known that these sorts of complicatedbond deals often put the public at risk and in thiscase, the public lost out.
Moreover, this same mayor was willing to use hisposition to renegotiate the parking meter contractand in fact came out with an even worse deal thanthe first, while using city lawyers to affirm what istantamount to an unconscionable contract in lightof its effect on the public.
This case underscores the need for moretransparency in government and proactiverepresentation in city council. This pattern ofrepeatedly having to demand hearings aftermismanagement, corruption or simple poordecision-making have cost the city, is the emblemof poor leadership.
#WhatAboutAmara?
In Photos
The AAPLE Forum brought together principals,teachers, and education activists from around thecity to discuss ways to collaboratively address themost pressing issues in CPS.
Amara is proud to be amongst so many who arebeing proactive about establishing an educationagenda for Chicago.
From Amara
"With virtually no money and little political backing, Jane Byrne, inher first run for public office, announced her candidacy for mayor in1979 taking on the party bosses."
And she won. A woman whose mind is made up cannot be stopped.
Thank you Mayor Byrne for being a trailblazer.
Copyright © 2014 Amara For Chicago, All rights reserved.
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