Monthly Archives: July 2015

//July

2015 End of Summer Local Events North Shore of Chicago

One more month to school. August. It feels like the heavens are sautéing us on their stove. But Cook County makes sure that we and children will survive. Here’s their program for August: Evanston's Lakeshore Arts Festival For Family 1-2: Destination Asia Cultural Festival Morton Arboretum, 4100 Illinois Route 53, Lisle. 10 a.m.-4 p.m. Admission: $14, adults ages 18–64; $12, seniors ages 65+ ; $9, youth ages 2–17; children 1 and younger are free. Witness: A vendor expo, Asian food options, demonstrations of origami (paper folding), ikebana (flower arranging), henna art, a bonsai exhibit and more. Entertainment includes: Tsukasa Taiko Drummers, The Miyumi Project, Kerry Leung, Chicago Koto Group, Philippine American Cultural Foundation, and the BIBAK Breaths of Heritage. 1-2: Lakeshore Arts Festival Dawes Park, Sheridan Road at Church Street, Evanston 11 a.m.-6 p.m. Free. The festival includes work by more than 100 artists, live jazz, blues, folk, bluegrass, rock and classical [...]

By |2015-07-30T18:56:53-06:00July 30th, 2015|Local Events|Comments Off on 2015 End of Summer Local Events North Shore of Chicago

Good times get better for companies in Lake County IL

As reported a few months ago, suburban office vacancies show a consistent decline with 2014 reporting a 24.4 percent vacancy. Vacancies accelerated to 22.6 percent the quarter after and 21.3 percent during the last period. In our area, highest vacancies have been in Lake County with Cook County sinking towards the bottom. Lake County's vacancy remains 24.9 percent, although it is down from 30.3 percent a year earlier. The Cook County submarket's vacancy is 12.2 percent, down from 16 percent a year earlier. Tenants in Lake County, Deerfield, and Cook County continue to pay good money for territory. Fortune 500 CDW Corporation leased 209,000 square feet in adjacent buildings in Lincolnshire. Verizon beat records by moving to the largest amount of square feet in the quarter. The company located from 127,000 square feet at 777 Big Timber Road in Elgin to 160,000 square feet at 1701 W. Golf Road in [...]

By |2015-07-28T15:09:12-06:00July 28th, 2015|English Articles|Comments Off on Good times get better for companies in Lake County IL

How far does $50 go in Illinois?

How far does $50 go in Illinois? Sperling calculates cost of living indices on a US average of 100. Anything below 100 means Illinois is cheaper than the US average. Illinois is cheaper for the following utilities: • Housing: 87 • Groceries:97.1 • Miscellaneous: 98 Health ranks 100. Illinois holds its general rate of living in Illinois at 95.60. The cost of living is measured by how far your purchasing power extends in comparison to other regions or states. (At the same time, however, states with higher price levels generally raise their salaries so the calculation balances out). After two years of observations, the Bureau of Economic Analysis recently showed that $50 would go furthest in Mississippi, Arkansas, South Dakota, Alabama, and West Virginia. Unsurprisingly, you would get least for your buck in the District of Columbia, Hawaii, New York, New Jersey, and California. We pay higher property taxes than [...]

By |2015-07-21T20:43:19-06:00July 21st, 2015|English Articles|Comments Off on How far does $50 go in Illinois?

Illinois Population is Shrinking

Illinois Population Shrinking A year ago, Deep Blue Financial reported on the exodus from Illinois. The United Van Lines' annual National Movers Study had observed that citizens were leaving the Land of Lincoln for three reasons: taxes, unemployment, and property prices. Crain’s Chicago Business (2014) disagreed citing statistics that showed that more people were moving in to Chicago than ever before! IL Population is Shrinking This year, Reboot Illinois drives her stake in the matter insisting that “Illinois has suffered the largest population drop in the United States.” California, Texas, and Florida boomed. In contrast: New U.S. Census Bureau data shows Illinois had nearly 10,000 fewer residents in 2014 than in the previous year … Sherrie Taylor, a researcher at Northern Illinois University’s Center for Governmental Studies (CGS), said six states lost population from 2013-2014: Illinois, West Virginia, Connecticut, New Mexico, Alaska and Vermont. Of those, Illinois easily [...]

By |2015-07-17T21:01:43-06:00July 17th, 2015|English Articles|Comments Off on Illinois Population is Shrinking

Cook County Sales Tax Hike

Hike in Cook County Sales Tax As though we Illinoisans don’t have enough tax on our plate, Cook County President Toni Preckwinkle decided Tuesday to raise the sales tax rate by 1%. Ironically, this same Preckwinkle opposed tax increase back in 2010. But maybe that was when she running for office…   Average Effective Sales Tax per Age Group Preckwinkle argues that the County’s employee pension situation is insufferable. There are nearly 650 locally run pension funds in Illinois, which cover retired police officers and firefighters, along with one consolidated fund for municipal retirees, called the Illinois Municipal Retirement Fund, or IMRF. Many of these funds are nearing insolvency, destroying city budgets, and forcing cuts in local services. Springfield, for instance, has cut its police force by nearly 15 percent since 2007. Preckwinkle’s only other option for mitigating the situation would be a property tax, but tax rates [...]

By |2015-07-01T15:32:03-06:00July 1st, 2015|English Articles|Comments Off on Cook County Sales Tax Hike