Financial distress, as defined in the report, includes credit accounts in forbearance, deferred payment status or otherwise showing signs of trouble. Experts point to several contributing factors: stubborn inflation, uneven wage growth, high housing costs and lingering labor market uncertainty.
Don’t worry-the Illinois legislature wants to change accounting practices so any financial problems can be cleanly swept under the rug.
Truth in Cook County
2 hours ago
Chicago has made itself too expensive. Ridiculous minimum wage rules, ever increasing taxes, an overly aggressive permitting scheme, the union pension benefit for vote scheme, and the cost of time lost due to traffic congestion are all factors. They have no sense that they must lower costs and compete to become a place where one sees the potential to thrive.
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.
Don’t worry-the Illinois legislature wants to change accounting practices so any financial problems can be cleanly swept under the rug.
Chicago has made itself too expensive. Ridiculous minimum wage rules, ever increasing taxes, an overly aggressive permitting scheme, the union pension benefit for vote scheme, and the cost of time lost due to traffic congestion are all factors. They have no sense that they must lower costs and compete to become a place where one sees the potential to thrive.