Editorial: Elon Musk’s warning for Illinois – Chicago Tribune*

"States that make it easier for employers to grow and hire will reap the benefits. States that pound employers with heavy tax and regulatory burdens will scare them off. It’s not rocket science."
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5 years ago

It is detrimental to shareholders if public companies in Illinois are not forming a small committee of board members and management to look at the costs/opportunity costs of moving out of state given several adverse scenarios. What is the straw that will break a particular company’s back? For the exchanges, I suppose it is a transaction tax. For someone like Abbot Labs or John Deere, it is not as clear. Exchanges could also throw a shot across the bow by moving some transactions to data centers in places like Dallas.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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