-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
Why a “Presidents” golf tournament the he HATES the President!
Instead, open up the NASCAR track in Joliet that Pritzker shut down.
I watched last year’s. Cars going 40 mph into tire barricades as they couldn’t handle the turns. Night fall causing the race to get cut short. Empty bleacher seats because of their cost. Another financial fiasco for our fair city
NASCAR has a perfectly good track to run races on in Joliet (Chicagoland Speedway) that hasn’t held a NASCAR race since 2019. It has:
But there’s probably not enough chance for graft (AND NASCAR took Lori Lightfoot for a ride with the low sanctioning fees) running a race in Joliet so a downtown crash fest it is.
Bread and circuses has evolved into SNAP and NASCAR
The Hotel tax is effectively 17.39% split among City, County, State and other smaller taxing bodies. The ticket tax is 9% to City and sales tax of 10.25% on top of that of which the City, County and State are beneficiaries.. The City has the most hotels and the most events. As the generator of revenue for the County, the State and miscellaneous others, not sure what the problem is providing support to the City for the extraordinary expenses necessary to keep the party partying.
I do not get $5M on NASCAR in downtown Chicago. Just doesn’t make sense to me.
“… if it’s such a wonderful economic development program to bring these folks into town every year and it brings so much economic income to the city, why do we need to subsidize it?” DeWitte asked.”
Great question, too bad there wasn’t a great answer.
And where’s the proof for the claim by Dems that this event had an economic impact worth millions? Did they factor in the losses downtown business face due to the heart of the tourist district being shut down for nearly a month for NASCAR?
Actually, the city cleared a measly 50K after all costs and putting its residents through maddening traffic patterns.