Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
April 26, 2024
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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.
Weekly crime statistics from the Chicago Police Department: Report through 4/21/2024.
I’ll bet those downstaters wished their tax dollars lived in their world.
Downstate technically receives back more dollars than they pay in (a constant lament at CrapFax) but they fail to mention that much of those tax dollars are funneled to downstate unionized state employees: prison wardens, university professions, elementary and high school teachers. It’s not like the money goes back into the pocket of the taxpayer. The state is just the conduit to pay for union employees in certain locales.
Downstate has to shoulder assorted unfunded mandates imposed by the Chicago crew and yes I do admit road spending is considerably higher downstate. We also benefit from the spending on the prisons to house Chicago’s baddies that provide a few jobs considering our low cost coal power providers along with the miner jobs have been eliminated thanks to laws designed to shut them down. This can go on and on and I assure you that many of us are of the opinion that we do not get a fair shake downstate on the tax dollars despite the blabber at the… Read more »