Currently Illinois is tied with California for the lowest ratings of any state from Moody’s and Fitch rating services.
Check out this chart at the link below! It takes up to 27 bureaucratic steps and 2-5 years to fire a teacher in Chicago.
And they wonder why their government school students do so poorly and taxes are so high – government union corrupted politics!
Illinois is now taxing its citizens for things they buy online. This will include when you buy from such companies as Amazon and other companies.
While the company must have affiliates in Illinois in order to qualify for the tax, most large companies do have affiliates and so you will likely be taxed.
Probably the largest single cost of local and sate government is in K-12 government education (public schools). It eats up around one third of all of their revenues.
To make matters worse, governments routinely fudge their education figures. This study found that costs are actually 44% higher than reported.
And the outrageous costs don’t stop there. When you take a cold hard look, the study found that public schools cost more than private schools!
Some example per pupil costs in the study:
Wash DC $22,400
Los Angeles $19,000
In just the last ten years Chicago’s population declined as follows:
29% of white population left!
18% of african-american population left!
But the hispanic population rose by 3%. How many are illegal aliens is not discussed in the article.
The city’s racial component is now about 1/3 white, 1/3 black and 1/3 hispanic.
This is the largest income tax increase for any state since the latest recession.
The state already ranks very high for gasoline taxes, property taxes and sales taxes.
According to a study of states for the year 2010, Illinois tops the list of states in the worst financial situation.
In Dec 2010, the Gov borrowed $15 billion to pay bills!
It’s general fund balance is MINUS $4.7 billion.