-- Connecting the dots between our economy, government and business --
The state legislature's Commission on Government Forecasting and Accountability revised the state's revenue estimates, reducing cannabis tax fund expectations by $8 million this fiscal year. It was just one of three general fund revenue sources where officials now anticipate fewer dollars than initially budgeted.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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There are probably many more people growing their own with a medical use card. Many illnesses qualify and if mental illness qualifies most people in Illinois could grow pot.
https://cbdication.com/how-many-plants-can-you-grow-in-illinois/
The black market is thriving, from what I hear. I know some tokers and they don’t visit the dispensaries, too expensive with the tax, they say. I expect with a looming recession on the horizon, that the $80 an 1/8th with taxes will be a luxury few heavy users can afford, and the black market will pick up the slack for half the price.
yup, that’s what my kids tell me, black market pot is $40 an 1/8….but you don’t know what’s in it or what it’s spiked with
I think the bigger unanswered question with states that have legalized pot, is it leading to increased blackmarket pot use laced w addictive drugs (i.e. fentanyl)? Also, I’m astounded how many young folks are out driving around stoned. you can smell it as they drive by.
Spot on and you can smell it in parking lots too.
Interesting that none of black financially disastrous S &SW burbs have profited from state dispensaries pot sales taxes …so much for equity?—-from articale –” while municipalities and counties with dispensaries have received a combined $144 million, IDOR records show.
That includes the suburbs of Addison, Arlington Heights, Aurora, Buffalo Grove, Carpentersville, Lombard, Mount Prospect, Mundelein, Naperville, North Aurora, Northbrook, Rolling Meadows, Rosemont, Schaumburg, St. Charles and Wheeling.”
Hmm, I thought recreation was some sort of outdoor activity where one got some exercise…..