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
11 Comments
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.
If the IL pols lowered PTs, they’d certainly get that lost revenue back in some other ways from the abused IL taxpayers. The pols aren’t giving up their cushy and high-paying jobs, pensions, and health care benefits nor those of most of their fellow State of IL workers. Corruption is way too entrenched in IL.
Property taxes were #1 reason we left. $10K for our house in DuPage vs $1650 for a larger house on more land in SC. And, our property taxes have gone DOWN the last three years due to the influx of so many new residents. Down $25/year, but when did IL property taxes ever go down? Beyond that, what did we get for $10K a year? Poor roads, crime, expensive schools with little return, high government pension debt, etc. For $1650 a year, we’re lacking nothing in SC, very responsive state and local government.