Pension deficits are causing communities to consider more borrowing – and gambling with the proceeds – as pensions continue to consume bigger shares of budgets.
Bloomington is the only metro area to recover jobs lost during the COVID-19 pandemic and statewide mandated shutdowns. Illinois is still missing 200,100 jobs as of January 2020.
The nation recovered 85% of the jobs lost to the COVID-19 downturn, but only one metro area in Illinois beat the U.S. average. The Chicago area only recovered 64% of its jobs. Bloomington was one of just 11 U.S. areas to lose jobs last year.
When a child’s lemonade stand was targeted by government regulators, an 11-year-old entrepreneur fought back. Now Illinois law officially bars government from interfering with a child’s right to sell cold summer drinks.
When a child’s lemonade stand was targeted by government regulators, the 11-year-old entrepreneur fought back. Now Illinois is about to bar government from interfering with a child’s right to sell cold summer drinks.
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.