Chicago is facing an unprecedented budget crisis thanks to a massive increase in pension payments. In order to solve the problem, Chicago’s mayor Rahm Emanuel has proposed the largest property tax increase in city history.
Chicago’s Netflix tax took effect on September 1st and already Chicagoans are seeing the ill effects. Nine plaintiffs have filed a lawsuit challenging Chicago’s authority to tax a streaming Internet service with the 9% surcharge it typically reserves to other forms of entertainment.
Oreos have been for years made in Chicago, Illinois (and several other American cities). Mondelez International, Inc. – the company that delivers us the chocolatey, spherical goodness – announced they would make their next wave of Oreo manufacturing investment not in Chicago, but in Mexico. This move will reduce – not end – Chicago’s role in production. Jobs in the Windy City will be halved – from 1,200 to 600. (Other cities will continue their current roles.)
The Heartland Institute celebrated its Grand Opening on Friday, August 21 and Saturday, August 22 in his new building in the affluent suburb of Arlington Heights on Chicago’s Northwest side at 3939 North Wilke Road. This puts Heartland closer to O’Hare Airport – as well as to supporters and audiences who better align with “Heartland values.”
Chicago Ald. George Cardenas has proposed raising taxes on sugary drinks in an effort to correct the city’s budget woes. Last night, the effort appeared to fizzle, as community members and elected officials objected to the sin tax, noting that the tax would have little effect on both the budget and Chicago’s long-term health.
On May 12 and 13, Chicago received a series of downgrades in its credit ratings for the city itself, the Chicago Board of Education (CBE), and the Chicago Park District. The downgrades began Moody’s Investors Service’s (MIS) decision to lower Chicago’s credit rating two notches to the noninvestment-grade “Ba1” level with a negative outlook. The embarrassment continued the next day when the CBE and Chicago Park District ratings dropped three notches to junk levels.
Last week, Heritage Foundation President, Jim DeMint and Heritage Action for America Chief Executive Officer, Michael Needham led a discussion at Chicago’s Ritz Carlton. Their topic was “A Bold Agenda for a Better America: Taking on the 114th Congress”, as a way to deliver opportunity to all, but favoritism to none.
How has Shimer College done since the inmates took it over? A ranking of colleges published by Washington Monthly in October — based on cost of tuition, student indebtedness, and graduation rates and adjusted for the percentage of students who are minority or low-income — ranked Shimer the worst college in America.
Heartland Institute writer Paula Bolyard joins The Heartland Institute’s Budget and Tax News managing editor, Jesse Hathaway, to discuss a lawsuit filed by former Chicago Bears linebacker Hunter Hillenmeyer against the city of Cleveland, Ohio.
While John Fund was in Chicago speaking to the Chicago Lawyers’ Chapter of the Federalist Society, co-author Hans von Spakovsky was at his venue in Toledo, Ohio, doing the same to promote their book: Obama’s Enforcer: Eric Holder’s Justice Department, which catalogues the abuses of power at the Department of Justice under Attorney General Holder. Set forth is how Attorney General Eric Holder, Jr has politicized the Justice Department and put the interests of left-wing ideology and his political party ahead of the fair and partial administration of justice.
Want to understand the full significance of Chicago’s red-light camera program? Consider an imaginary world in which laws are enforced and prosecuted by robots and algorithms instead of flesh-and-blood people.
The myriad executive branch Departments, Agencies, Commissions and Boards have been in omni-directional fashion vastly exceeding their authority – doing things that are clearly the Constitutional purview of (amongst other others) the legislative and judicial branches.
Global warming is not the reason why Chicago’s 1800s-era sewer system occasionally floods people’s basements, despite Washington Post propaganda to the contrary. Instead, the culprits are the age of Chicago’s sewer system and the city’s tremendous population growth since the 1800s.
Chicago faces a significant, and growing public pension problem. According to the Chicago Sun Times, Chicago’s four pension plans (including for teachers and public safety workers) face a combined debt[…]
How is that school shootings were almost unheard of when there was no age limit to buy guns, no licensing of gun dealers, and no such thing as a background check or waiting period? Could the problem be people and not guns, which, after all, are inanimate objects? Do knives compel us to stab? Do baseball bats compel us to bludgeon? Do pills compel us to poison?
A judge in Sangamon County Circuit Court has blocked a modest reform of Illinois’ pension system for state workers and retirees outside Chicago from taking effect June 1, giving Gov. Pat “Four Counties” Quinn the excuse he’s probably been looking for to block reforms for two of Chicago’s pension plans. (I’ll explain “Four Counties” in a moment.)
With more than $155 billion in debt and a projected annual deficit $3 billion in 2015, Illinois has certainly proven it can spend like Nero. Now Chicago is inviting the state to allow it to turn to increasingly more discriminatory and greater confiscatory heights of tax on mobile broadband.