During the recession, American households have reduced their spending, paid down their debt, and increased their savings. Sadly, Government has not followed their example.
by Wesley Fox According to the Department of Commerce and Economic OpportunityGrant Tracker website, the Little Black Pearl Workshop received a $71,000 grant to help complete the industrial arts glass studio, located at 1060 East 47th Street in Chicago. Specifically the funds were to be “used to complete the installation of a hood and exhaust system...
The Problem Illinois faces $6 billion in unpaid bills with an unemployment rate over 11 percent—the highest in 27 years. The state pension system is underfunded by $80 billion, and the state’s bond rating ranks second lowest in the country. In response, Governor Pat Quinn’s proposed fiscal year 2011 budget would raise income taxes by...
In 2009, the Department of Commerce and Economic Opportunity and the Department of Transportation paid the Mississippi River Parkway Commission $30,800 in total.
The Department of Commerce gave Prairie State Power Company $2,340,000 in grant money during a three month period from October 2008 through January 2009.
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.