“You’re speaking to one fired-up SOB,” Oberweis declared, noting that his family has lived in the metro area for 160 years and has been in the dairy business for 90 years. “This really pains me. . . .We’ve got so much working for us, location and transportation and universities. Everything except the politicians.”
Call it a primal scream of sorts from a pretty well-known business official.
A vote for McCann is a vote for Pritzker and Madigan and the big-government status quo.
Comment: Big salute to Chris Gladwin. He’s using his winnings from the sale of Cleversafe, which he founded, to do lots of good. He recently also contributed $7.6M to IIT.
Truth in Accounting has updated information that shows some states, Illinois included, have such large amounts of hidden debt that they’re essentially insolvent. The term “zombie bank” comes from the savings and loan crisis of the 1980s. It was used to describe a bank that was broke but still operating thanks to accounting gimmicks and government support.
With the average home value estimated at just under $111,700, that bill brings the average effective property tax rate up to 2.56 percent. In contrast, the state average in 2017 was 2.22 percent, while the national average was just 1.17 percent.
Ted was on WTAX with Joe McLaughlin last week talking about Wirepoints’ push to end lawmaker pensions in Illinois.
Comment: Terrifying, but they’re merrily on their way to an overwhelming reelection.
A first look at the effort, dubbed P33, shorthand for Plan for 2033, tonight to 100 to 200 members of the Commercial Club and the tech community.
Comment: If there’s one piece of jurisprudence that always prevails in the Illinois Supreme Court it’s that public unions win.
No, sorry, but it’s a different story for Barko.
When Sears moved its headquarters from downtown Chicago to the suburbs in 1990, the company got a $250 million tax break. After threats to move out of state, the company was given an extension in 2012 as the first deal was about to expire.

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