Rockford, Peoria and Carbondale give early signs of economic health, survey says – Chicago Sun-Times

Rockford ranked first because its mix of tool-and-die shops, logistics firms and health care providers makes it a bellwether for working-class Illinois, said MarketBeat. “When job postings dry up or foot traffic in service businesses slows, Rockford usually reflects growing economic caution,” MarketBeat said in a news release.
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Taxpayer
9 months ago

Governor WIDE-LOAD is sure to brag about that

susan
9 months ago

There is a reason for the devastation of these once thriving cities: highest in nation property tax rates. P-tax rates are capitalized in property values (high rates=low property values). High tax rates are not the only economic investment killer: attached hidden debt lien on all Illinois property due to unfunded public pensions and the chilling effect of political crony capitalism (no honest competitive bidding allowed). Illinois has many similarities to Gaza. A terrorist government (which decides whom to attack based upon religion and political affiliation, and refusal to bend the knee) was duly elected and remains in power. Region is… Read more »

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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