-- Connecting the dots between our economy, government and business --
The discussion is returning and this time it will be informed and rational, if Friday’s New York Times article is an indication.
A comprehensive look at the Contract Clause and other legal issues.
See our own article on this NYT story and more on the topic linked here.
“And now the pension crisis, in Springfield and locally, is spinning off other problems. The Illinois Exodus is more than a population issue. It is pillaging many Illinoisans’ greatest asset: the value of their homes.”
Incomes overall in America are growing smartly, but some states and regions are doing better than others.
One not so surprising exception is Illinois where growth was revised down 1.2%. Its neighbors Indiana (1.5%), Michigan (2.5%) and Wisconsin (2.6%) experienced modest upward revisions. Illinois incomes have grown faster over the last year (3.7%) than during the late Obama years amid an uptick in manufacturing, but the state still lags in the Great Lakes region.
Manufacturing earnings in Illinois have increased 4% over the last four quarters, but workers and businesses have been fleeing. Last year
Thank you, Richard M. Daley.
The Chicago Department of Housing proposed at a Sept. 11 City Council committee meeting a series of reforms to the Chicago Community Land Trust, which provides affordable homes to city residents that meet certain income restrictions.
Strenuous opposition came almost immediately from the very neighborhood groups Lightfoot had courted throughout her campaign.
“Local political leaders act as if mismanagement just doesn’t matter. Could there be lessons here for Chicago?”
Illinois is No. 5 at $67,836/year.
City Treasurer Kurt Summers announced the Chicago Community Catalyst Fund in 2016 with much fanfare — the city would earmark $100 million to jump-start investments in struggling neighborhoods, providing the seed money needed for ventures in places where many banks had been reluctant to put their money. None of it was spent. In fact, it wasn’t until Summers was about to leave office this May
Comment: In short, nobody has a plan.
Funding for a third Chicagoland airport was included in the latest state budget. The controversial plan brings a risk for more corruption and overspending that will cost taxpayers millions.
A bullet hole through my apartment wall? Oh, that, just something made by a screwdriver. No, wait, by son did it. Shot gun by accident.
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