Fitch analyst Eric Kim said “They’ve (Illinois) made some real strides in terms of improving their resilience and the tools that they have available to them to deal with downturns like the one that again we expect to come next year. But there’s obviously a long way to go.”
“For Chicago, Fitch analyst Michael Rinaldi said the city continues to be an outlier, but has reserves and broad taxing authority.” Yessir. Plenty of room for Chicago to increase taxes. ““The city is somewhat more highly dependent on revenues that tend to be quite sensitive to economic conditions,” Rinaldi told The Center Square.Regardless, Rinaldi said Chicago’s credit outlook remains positive.” Even with a deepening recession on the horizon, the outlook remains positive for Chicago. “Fitch analyst Eric Kim said the national outlook means the macro conditions facing state and local governments are going to be weaker with a mild recession… Read more »
You are mentally challenged. Chicago and Illinois are in a death spiral caused by the greed and lust of the public sector employee. DOA, run for your economic life.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
“For Chicago, Fitch analyst Michael Rinaldi said the city continues to be an outlier, but has reserves and broad taxing authority.” Yessir. Plenty of room for Chicago to increase taxes. ““The city is somewhat more highly dependent on revenues that tend to be quite sensitive to economic conditions,” Rinaldi told The Center Square.Regardless, Rinaldi said Chicago’s credit outlook remains positive.” Even with a deepening recession on the horizon, the outlook remains positive for Chicago. “Fitch analyst Eric Kim said the national outlook means the macro conditions facing state and local governments are going to be weaker with a mild recession… Read more »
You are mentally challenged. Chicago and Illinois are in a death spiral caused by the greed and lust of the public sector employee. DOA, run for your economic life.