dmarc117 Posted February 25, 2010 Share Posted February 25, 2010 http://cbs2chicago.com/local/cps.chicago.p....2.1520429.html CHICAGO (CBS) ― Chicago Public Schools CEO Ron Huberman said he foresees a 2011 shortfall of more than $1 billion. Quote Link to comment Share on other sites More sharing options...
darin3 Posted February 25, 2010 Share Posted February 25, 2010 On one hand, I moved to Texas to start my own real estate development consulting time at the absolute worst time imaginable. On the other, it looks like I moved OUT of California at a pretty opportune time. I love Chicago and gave thought of moving there, too... looks like it's another place that will be hit hard - in one way or another - by the fledgling economy and state of affairs in this country. Sad. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 25, 2010 Author Share Posted February 25, 2010 On one hand, I moved to Texas to start my own real estate development consulting time at the absolute worst time imaginable. On the other, it looks like I moved OUT of California at a pretty opportune time. I love Chicago and gave thought of moving there, too... looks like it's another place that will be hit hard - in one way or another - by the fledgling economy and state of affairs in this country. Sad. ive read that illinois is just as bad as cali. scary times. f me! Quote Link to comment Share on other sites More sharing options...
Big John Posted February 25, 2010 Share Posted February 25, 2010 Why you moved out of Detroit? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 25, 2010 Author Share Posted February 25, 2010 Why you moved out of Detroit? no sh1t!! we are thinking of going back. getting some land out in the burbs. Quote Link to comment Share on other sites More sharing options...
darin3 Posted February 25, 2010 Share Posted February 25, 2010 no sh1t!! we are thinking of going back. getting some land out in the burbs. Honestly, I'd stay in Chicago. There will be a financial rebound sooner rather than later and Chicago's market hasn't been hit as hard as some markets. Stop being a chicken little and weather the storm. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 25, 2010 Author Share Posted February 25, 2010 Honestly, I'd stay in Chicago. There will be a financial rebound sooner rather than later and Chicago's market hasn't been hit as hard as some markets. Stop being a chicken little and weather the storm. the dingy is taking on water!!!!! Quote Link to comment Share on other sites More sharing options...
westvirginia Posted February 25, 2010 Share Posted February 25, 2010 no sh1t!! we are thinking of going back. getting some land out in the burbs. I heard they were selling 3 houses for $1 there... Quote Link to comment Share on other sites More sharing options...
tbimm Posted February 26, 2010 Share Posted February 26, 2010 My Mom and Step Dad are starting to feel the pinch up there too. They planned very well and saved a bunch for retirement but are watching that dwindle quickly after they both lost their jobs. Worst part is they both have health concerns that REQUIRE keeping insurance which is sucking their savings and retirement dry. An example of people who did all the right things and are still screwed. No health care reform necessary? Not as long as you don't get sick. No matter who you are or how you planned! Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted February 26, 2010 Share Posted February 26, 2010 It aint just Chicago . . the whole state is bankrupt. At least the California broken system has nice scenery and warm weather . . . we get the same bankrupcy crisis with ice and snow . . . Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 28, 2010 Author Share Posted February 28, 2010 http://www.suntimes.com/news/maxedout/2073...maxed28.article Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted February 28, 2010 Share Posted February 28, 2010 http://www.suntimes.com/news/maxedout/2073...maxed28.article From the link: A tax increase seems unlikely this spring, if only because of election-year fears, though most expect Gov. Quinn to again propose boosting the state's 3 percent income tax. Anti-incumbency fervor among voters had emboldened Statehouse Republicans pushing a no-new-taxes platform. Of course you have a problem, your state income tax is way low. We have 7.85% here in Minny and we too have a deficit but nothing like as much as Illinois. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 28, 2010 Author Share Posted February 28, 2010 From the link: Of course you have a problem, your state income tax is way low. We have 7.85% here in Minny and we too have a deficit but nothing like as much as Illinois. 7.85 geezus!! whats your real estate taxes? sales tax? Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 1, 2010 Share Posted March 1, 2010 7.85 geezus!! whats your real estate taxes? sales tax? Look at all the other states - even Alabama and Mississippi have higher income tax than you. Your rich folks have been making hay for years. Sales tax comparison There are slight variations on these based on county and city but these are the state rates and you'll notice that MN is higher than IL in sales tax too. Quote Link to comment Share on other sites More sharing options...
Hugh 0ne Posted March 1, 2010 Share Posted March 1, 2010 8 3/8 in New York. Quote Link to comment Share on other sites More sharing options...
Big John Posted March 1, 2010 Share Posted March 1, 2010 There are slight variations on these based on county and city but these are the state rates and you'll notice that MN is higher than IL in sales tax too. There is also a difference based on exemptions too. Minnesota has clothing exempt up to a limit where Illinois doesn't. Also with food, some states are totally emempt, but some states like Illinios has food at a reduced sales tax and some states have food at the full sales-tax rate. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 1, 2010 Share Posted March 1, 2010 There is also a difference based on exemptions too. Minnesota has clothing exempt up to a limit where Illinois doesn't. Also with food, some states are totally emempt, but some states like Illinios has food at a reduced sales tax and some states have food at the full sales-tax rate. True. That makes comparison difficult. Still, the state income tax rate is an easier comparison and it seems to me at first glance that Illinois is extremely low. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted March 1, 2010 Share Posted March 1, 2010 True. That makes comparison difficult. Still, the state income tax rate is an easier comparison and it seems to me at first glance that Illinois is extremely low. I IS ridiculously low . . but that is completely contradictory to dmarc assertions that it is all because of the Dems. I thought the left just wanted to tax everyone at exorbitant amounts? Either way I need to move out of the IL asap Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 1, 2010 Author Share Posted March 1, 2010 http://cgi.money.cnn.com/tools/costoflivin...stofliving.html Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted March 1, 2010 Share Posted March 1, 2010 http://cbs2chicago.com/local/cps.chicago.p....2.1520429.html STAY SOUTH FIB Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 1, 2010 Author Share Posted March 1, 2010 STAY SOUTH FIB lol....if i go anywhere, im going warmer. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 2, 2010 Author Share Posted March 2, 2010 URBANA -- Interim University of Illinois President Stanley Ikenberry now says the school could have to raise tuition for next year's incoming students by as much as 20 percent to make up for missing state aid. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted March 2, 2010 Share Posted March 2, 2010 Like it hasnt been rising every year anyway . . . tuition has been out of control for some time now. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted March 2, 2010 Author Share Posted March 2, 2010 Like it hasnt been rising every year anyway . . . tuition has been out of control for some time now. like i said.....higher education one of the next bubbles Quote Link to comment Share on other sites More sharing options...
Big John Posted March 2, 2010 Share Posted March 2, 2010 like i said.....higher education one of the next bubbles Georgia is asking for a 77% increase. Quote Link to comment Share on other sites More sharing options...
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