Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.
As housing prices continue to soar out of reach for more Americans, an impulse from policy makers across the country has been to attempt to mandate “affordable” prices through legislation. One common idea is rent control, which limits how much landlords can increase rents on residents. A related one is inclusionary zoning, which forces developers...
Disproportionate and low voter turnout presents challenges for municipal democracy nationwide. However, a straightforward reform acknowledged by scholars and policymakers – aligning the timing of municipal elections to coincide with general elections – offers a clear solution to enhance voter participation significantly. Research shows the timing of local elections influences voter turnout, which subsequently impacts...
They call it “inclusionary zoning,” but in reality the government mandate for a portion of developments to be “affordable” limits supply and drives up costs. Chicago should pull back from this form of rent control.
Illinois lags other states on approvals for new housing. It has one of the lowest rates for housing approvals in the United States. That drives up costs.
Nearly 100,000 Chicago-area residents are out of work, and at 6.2% the Chicago metro area has the highest unemployment rate of the nation’s 50 largest metro areas. Illinois as a whole isn’t doing much better, with a 6.1% unemployment rate.
At the 1920 Census, Chicago’s population was 2.7 million, up over 516,000 in a decade. More than 100 years later, Chicago’s population is 2.66 million, a loss of 128,034 from nine straight years of decline.
Published July 9, 2024 America is facing a housing affordability crisis. According to a 2022 survey, 73% of Americans said the average person could not afford a home in their area, and 69% were worried about their children and grandchildren being able to afford a home. That’s unfair. Everyone deserves a good roof over their...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.