VIDEO: Why housing is so pricey in Illinois
VIDEO: Why housing is so pricey in Illinois
Government restrictions on zoning and land use are making Illinois housing and rents more expensive then they need to be.
Government restrictions on zoning and land use are making Illinois housing and rents more expensive then they need to be.
If you plan to be at Lollapalooza from Megan Thee Stallion to Blink-182, expect taxes to add $91 to the cost of general admission. Get a premium ticket and city, county and state sales and amusement taxes add $1,001 to the cost.
Chicago housing affordability is among the lowest in the Midwest, driven primarily by restrictive land-use policies and slow approvals. Low-income families have it worse than in other large Midwestern cities.
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Government in Illinois has a lot to do with why housing costs are so high. Zoning and land-use reforms can boost the supply of affordable housing without forcing taxpayers to subsidize it.
Chicago doesn’t have enough housing, in part because restrictive regulations and zoning drive up costs and headaches for developers. Mayor Brandon Johnson has recommended solid fixes, but the city must restrict aldermanic power.
Josh Bandoch, head of policy for the Illinois Policy Institute, testimony about how accessory dwelling units can help fix Chicago’s affordable housing shortage. City regulations and mandates can derail this free-market solution, though.
As Chicago Public Schools spending per student continues to rise, test scores and proficiency levels among students continue to drop.
Hundreds of Chicago Public Schools buildings have a space-use problem – they’re too empty. Nearly 60% of schools are underutilized while 5% are overcrowded. Only 37% are at ideal capacity. The Chicago Teachers Union wants to add staff to the empty schools.
College degrees are just one potential path to prosperity. Apprenticeships are a viable alternative Illinois’ education system should embrace.