It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
29 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
"Back in 2008, Mayor Daley told us we needed to sell the meters to offset a property tax hike. Then he hiked our property taxes anyway. Similarly, Mayor Lightfoot and her City Council allies...say they need to bring in casino revenue to offset a property-tax hike. They say they needed the casino revenue to fortify the police and fire pensions. Then they conceded that the casino’s revenues 'only will be a drop in the massive bucket the city needs to fill each year in order to pay for the pensions,' as Becky Vevea and Mariah Woelfel of WBEZ put it."
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Twelve Illinois Congressmen vote against bill to give federal custody to non-citizen defendants charged or convicted with assaulting cops – Wirepoints Quickpoint
May 17, 2024
6 Comments
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Chicago Teachers Union Plays Hooky – Wirepoints in the Wall Street Journal*
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4 Comments
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale
May 17, 2024
8 Comments
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio
May 17, 2024
No Comments
Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.
It’s an epic flimflam of hold my beer proportion. If water in his shoes Daly could rob the city, watch this!
There’s no argument that the parking meter deal was shockingly horrid for taxpayers and I’m sure the casino will be a financial nightmare too. However, each time he used the cringe inducing word “alderperson” his credibility took a dive.
The parking meter deal was bad primarily because Daley spent all the proceeds upfront instead of investing the entire amount and using a portion the yearly interest proceeds to fund operations. The other reason the deal looks much worse now is that parking meter rates are much higher than they were prior to the deal.
https://newsblogs.chicagotribune.com/clout_st/2008/12/aldermen-deba-1.html
Unbelievably bad deal, grossly negligent whoever advised the city. By selling the parking meters you’re essentially selling an income stream. Why wouldn’t the city raise the rates before they sold the meters. Higher rates = higher income stream = higher sale price. Anybody that has ever bought or sold an apartment knows this.
If there is one thing I know, it’s that Chicago politicians will find a way to mess this up in ways you never thought possible!
Casino will bring River North traffic to a screeching halt