Wirepoints President Ted Dabrowski joins Dan Proft and Amy Jacobson on Chicago’s Morning Answer. They talk local elections and how the federal stimulus money could increase outmigration and cause home values to drop as the federal stimulus money runs dry.
Even more evidence Illinois can thank the federal government’s covid bailouts for its budget bonanza – Wirepoints
April 24, 2024
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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.
Illinois just suffered the lowest presidential primary turnout since 1960, according to the Illinois State Board of Elections. Blame voter apathy on a lack of competitive elections. On gerrymandering. On the concern people have, thinking their votes don’t matter. It’s likely a little bit of each.
The real pandemic that is occurring in Chicago which should get more Main Street media attention is the crime rate. We are on pace to exceed 2016’s historic murder rate with some of the most strict gun laws in the country. I have heard exactly zero solutions from Lightfoot on addressing the crime. She is simply waiting until the heat gets unbearable and then she will sack the police commissioner. Graft up, crime up, taxes up.
Residential tax rates in many of Cook County’s white-collar bedroom suburbs are even higher than Chicago’s residential rate. Families who move from Chicago to these suburbs face RE tax bills equivalent to annual private-school tuition+. We lived in such a suburb, for its supposedly great public schools, paid $20,000/year tax-bill for a relatively modest 3 bedrm/3 bath colonial on 50′ lot, still doable on a two-salary professional household income – but not as “no-pension” retirees. Municipal and school district salaries and pensions were excessive here, as in most suburbs: teachers earning 6-figure salaries after 5 years tenure, mediocre middle-school gym… Read more »
I honestly can’t wait to see the Mag Mile get tore up again this summer. Seems fitting.
Haha, you think that’s coming back? LOL, the ghetto walkers and their handlers will still have them there, just for cameras though. Should be funny
There are simple solutions.
Pass another Federal stimulus!
Change the Federal tax law!
Or …..
Moving from Chicago to the suburbs is like fleeing a home engulfed in flames and getting on a sinking ship.
The housing boom nationwide is a temporary bubble due to government programs allowing people to ignore paying rent and/or mortgages due to covid. Homes that would normally be put up for sale are not being listed, When demand exceeds supply prices increase. That combined with historically low interest rates is causing the hot real estate market. It won’t last much longer, and then once again it will be obvious that Illinois real estate is a terrible investment.
The biggest problem is those fleeing the Chicago are bringing their bone head politics to the burbs and drilling more drilling more holes. Please leave your “Democrat” ideas that destroyed the city behind. Du Page USED to be an ideal place to live.
The sheetlibs who leave Chicago for the ‘burbs and expect it to change into hardcore progressive are the worst. The very reason WHY the suburbs are superior to the city is because they are anti-progressive…at least until they turn it all dark, dark blue, and wreck it.
Name me a Cook County white-collar suburb that’s “anti-progressive”.
Exactly, staying in IL and moving to the suburbs is just … buying time. When food and gas run out or are too expensive, expect Jamal to come to your neighborhood, and it won’t be to scrimmage.
I never said ‘white-collar’. I said suburbs. The libs aren’t moving to Maywood, they’re moving to Palatine and Mt. Prospect and Orland Park, and the Palos towns, etc. Look at the map of trump/biden voters. there’s a path of red through the northwest and southwest areas of the counties. Now, these towns still have large numbers of Democrat voters. But these towns don’t have the overwhelming toxic progressive strains that places like the north shore, Evanstan, Oak Park do that went 90%+ to Biden. My town has went just over 50% to Biden, but Mark Curran won the senate race.… Read more »
debstor, you aren’t out yet?
all those white women without guns are gonna get a rude awakening; as if the thugs care that they did their bidding prior to the money running out.
I earn my living in the private sector indirectly helping others deal with the collapse of Illinois. I’ll continue earning my living here, while I can, until it becomes unbearable. If I were in some other industry, or just a regular guy, I’d probably have left long ago, like many of my friends, family and neighbors. But I’ve been busy lately and my job wouldn’t transfer well to other midwestern Red states. I don’t want to say exactly what I do, because it’s a small world, but the time will come when it becomes unbearable for me, and that’s about… Read more »
So basically, the advantages of you living in Illinois outweigh all the negatives that you constantly complain about. Apparently your ability to earn a living in Illinois more than compensates the high taxes you pay and the liberal people that have the audacity to move into your neighborhood. You’re not alone in your decision to stay. Most people choose to do the same. Many people also talk about leaving the state after they retire but most stay because their family and friends also live near them. Financial motive is only one factor when determining where to live. Our elected leaders… Read more »
“Most people choose to do the same.”
Most people stay, but more people choose to leave IL than any other state except West Virigina.
yeah Illinois!!!!
“Our elected leaders are well aware of this and will continue to exploit whenever necessary.”
They exploit one side of the aisle while giving preferential treatment to their prefer constituents.
As I’ve always said, the Democrats in IL don’t want conservatives here, at all. They’d much rather see you leave so they can have one party rule over the ruins. A supermajority in the legislature isn’t enough. They want you gone.
Clearly its still worth it for you to remain in Illinois. The financial positives must outweigh the negatives. Must not be that bad.
Everyone thought the 2008 housing bubble was bad just wait the next one coming will dwarf it.