-
Website
http://capitolfax.com/ -
Original page
http://capitolfax.com/2009/05/31/noontime-update/ -
Subscribe
All Comments -
Community
-
Top Commenters
-
wordslinger
96 comments · 42 points
-
Rich Miller
147 comments · 56 points
-
LoopLady
16 comments · 6 points
-
theoriginallynns
16 comments · 2 points
-
dupage dan
28 comments · 2 points
-
-
Popular Threads
http://www.microsoft.com/windows/windowsmedia/p...
Yep. Works. Thanks.
http://nalert.blogspot.com/2008/04/texas-leads-...
Where is the evidence?
http://www.census.gov/popest/cities/SUB-EST2007...
Also, Detroit was already empty.
Detroit is still considered a big city by the U.S. Census Bureau even though it's in decline. Alright, he's a Brookings Institution study.I'll quote from it first:
Total employment in metropolitan Chicago grew moderately before the 2001 recession,declined from 2000 through 2003,and rose again in 2004 and 2005.The region gained 346,000 jobs(an 8.2% percent increase)from 1995 through 2000.Despite recent gains,total employment fell by 109,900(2.4 percent)from 2000 through 2005.Over the entire period 1995-2005,the region gained 236,100 jobs(5.6 percent),well below the national growth rate.
Manufacturing employment declined almost continously since 1995,with the largest annual losses occurring in 2001 and 2002.The region lost 35,700 manufacturing jobs(a decline of 5.3 percent)from 1995 through 2000 and another 141,300(22.2 percent) from 2000 through 2005.The result was a loss of 177,000 manufacturing jobs(a 26.3 percent decline)over the entire decade,the largest total loss of all regions included in this analysis.
http://nalert.blogspot.com
/2006/07/brookings-study-
says-chicago-area-is.html
Here's something from Crain's Chicago Business:
Financial pressures on Illinois residents are deepening, as the state continues to lose economic ground compared to the nation and its own past.
That's the gloomy bottom line on a comprehensive study of the state's economy being released this morning by the Chicago-based Center for Tax and Budget Accountability and the two research units of Northern Illinois University at DeKalb.
The study finds that, though the rate of decline has somewhat slowed, Illinois continues to lose good-paying manufacturing jobs to service-industry posts that tend to pay less.
As a result, most Illinois workers actually earned less in 2007 than they did in 2000, adjusted for inflation, with median household income dropping from $54,900 in 1999-2000 to $49,328 today.
http://nalert.blogspot.com/20
07/12/illinois-continues-to-lo
se-high-paying.html
Here's the Wall Street Journal:
And the evidence that we discovered in our new study for the American Legislative Exchange Council, "Rich States, Poor States," published in March, shows that Americans are more sensitive to high taxes than ever before. The tax differential between low-tax and high-tax states is widening, meaning that a relocation from high-tax California or Ohio, to no-income tax Texas or Tennessee, is all the more financially profitable both in terms of lower tax bills and more job opportunities.
and
Texas created more new jobs in 2008 than all other 49 states combined. And Texas is the only state other than Georgia and North Dakota that is cutting taxes this year.
http://online.wsj.com/article/
SB124260067214828295.html
===A multi-billion dollar budget hole had long ago threatened to make this an especially bitter session. But budget negotiations turned out to be fairly cordial once the state’s coffers received a $12.1 billion boost, courtesy of the federal stimulus package.
"We were fortunate that the stimulus arrived when it did," said Rep. Jim Keffer, R-Eastland. "It softened the blow and it allowed us to preserve the 'rainy day fund,’ which will be [important] for the next session."
Indeed, lawmakers are already talking about raiding that fund, based on robust oil and gas income, in preparing for a possibly larger budget shortfall in 2011. ===
[Emphasis added]
No doubt that Texas oil helps but Texas is more than oil now. It has more Fortune 500 corporate headquarters than any other state. This isn't a coincidence. Low taxes and less regulation help. According to the U.S. Census Bureau, Plano is the wealthiest per capita large city ( cities with populations over 250K ) in the U.S. This isn't due to oil. It's due to high tech and consumer products like Pepsico.
http://www.dallasnews.com/sharedcontent/dws/dn/...
tbd
Here are some low-lights:
1) 49th in teacher pay
2) 1st in the percentage of people over 25 without a high school diploma
3) 41st in high school graduation rate
4) 46th in SAT scores
5) 1st in percentage of uninsured children
6) 1st in percentage of population uninsured
7) 1st in percentage of non-elderly uninsured
8) 3rd in percentage of people living below the poverty level
9) 49th in average Women Infant and Children benefit payments
10) 1st in teenage birth rate
11) 50th in average credit scores for loan applicants
12) 1st in air pollution emissions
13) 1st in volume of volatile organic compounds released into the air
14) 1st in amount of toxic chemicals released into water
15) 1st in amount of recognized cancer-causing carcinogens released into air
16) 1st in amount of carbon dioxide emissions
17) 50th in homeowners' insurance affordability
18) 50th in percentage of voting age population that votes
19) 1st in annual number of executions
Quite a few other metrics besides job creation and number of F500 companies by which to fairly (note "fairly" is the operative word) rate a state.
If you are interested, the full report is here: http://shapleigh.org/system/reporting_doc
ument/file/255/Texas_on_the_Brink_2009
_website_final.pdf
So, please, spare us the Texas is a paradise line. Despite what Steve, Tom Cross and the Illinois Policy Institute corporate welfare recipients believe, it's not and it has a lot for which to be ashamed.
"Gov. Quinn is at the hearing and took a question about the budget."
That is the most refreshing thing about this whole budget year. At least Quinn is down there fighting for it.
Not gonna happen, if the tax hike doesn't work (and it probably won't) it will be the 50% operations budget and away we go. Overtime is not an option.
The proposals are becoming less and less progressive as time goes on.
A couple imply such, even though the facts that they present say nothing of the sort.
General Assembly should take action to bring our weather in line with competing states?
If the politicians were honest, they would plan for a tax increase that would be abated when the economy improved. Unfortunately the history of Illinois is that of self dealing, special deals for special people and dishonesty in dealing with the public.
As far as business climate is concerned, how often do you see a company coming to Illinois without unrecoverable subsidies? is usually an announcement that they are relocating away from here.