New nationwide accounting rules now require state and local governments to report all economic development incentives programs. In terms of transparency, the impact of this accounting shift will be seismic.
Have Chicago’s financial advisors ever shown the mayor and her city council what an extreme national outlier Chicago has become? Do the city’s top officials have any idea just how poorly the Windy City stacks up against the nation’s other major cities? Do they have any clue how much stress Chicagoans live under?