Chicago City Council approves debt refinancing plan to tackle $1 billion budget shortfall – WGNTV (Chicago)
Supporters said refinancing existing debt at a lower rate will save the city $110 million. They also said every business, government and household uses debt this way. Critics, however, don’t trust the Johnson administration and argue the city should strongly consider making cuts.
Gotion’s nearly $4.4bn collective investment in Michigan and Illinois has spawned the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act — or ‘No Gotion Act’ for short. This would prohibit CCP-affiliated companies from receiving green energy tax credits under the federal Inflation Reduction Act. Iran, North Korea and Russia also would be prohibited under the act. A co-sponsor of the No Gotion Act, Darin LaHood, a Republican Representative from Illinois, says in a statement that foreign adversaries who have launched “malign efforts” to undermine domestic supply chains and national
“We haven’t had population loss.” It’s a claim Gov. JB Pritzker and his allies have made before, and it’s preposterous. Unfortunately, they get away with it because the media and many of our supposed watchdogs let them.
Ted joined Jeff Daly to talk about the “progressive-income-tax-for-property-tax-relief” initiative on the November ballot, the latest on why Illinois can expect an electricity crisis, why Trump is right to criticize the bad policies and dismal outcomes in blue cities like Chicago, and more.