Traumatizing robberies and violent crime continue to go up in Chicago this year, hitting a six-year high compared to the same time last year. It’s crime in neighborhoods perceived as safe, sometimes taking place in broad daylight, that’s driving the increased fear among Chicagoans and suburbanites.
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
Election integrity – both real and perceived – is essential to government’s legitimacy and stability. Illinois, like the rest of the nation, better fix its problems now.
Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.
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Something seems strange about the MN (32) and IL (30) income tax rankings. The study is based on a 55,754 median income, so MN’s effective income tax rate on that median would be 6.28%. Would’ve thought there’d be a much larger gap. Maybe because MN has personal exemptions 2x bigger than IL?
Most people don’t know the starting point for taxable income in MN starts at 1040 Line 43 vs Line 37 in IL. That means they get to deduct itemized deductions before determining tax liability. Not sure how that plays out overall, but guessing it lowers the burden.