-- Connecting the dots between our economy, government and business --
Ted joined Jeff Daly to talk about Illinois politicians’ next attempt at a progressive income tax amendment, why Chicago is falling faster into a downward spiral, why the city just suffered a credit downgrade from S&P, and more.
Read more from Wirepoints:
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Summary and audio linked here.
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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Audio and summary
New spending projects will be the primary target of any tax hikes. It’s questionable whether paying down a deficit is more important than property tax relief or just as equally unimportant.
The Republicans should put up a credible candidate for Governor and turn this state around. Someone needs to contest our gerrymandering districts so that all people have representation
UHaul are carnival barkers. United Van Lines are carnival barkers. The IRS are carnival barkers. Indiana are carnival barkers. Listen to Jumbo Belly, things are just fine.Can’t Moody’s finish the process and just give the bonds a C rating? City is effecively there now from an obligations to resources perspective.
No doubt. Look what they did with years of federal COVID bucks- used them to create even more deficits.
100% correct