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Quick hits: Illinois news in brief for Tuesday, July 13, 2021


Illinois lags in wage, job growth
Small business growth lags in the Land of Lincoln according to a recent report by Paychex, which puts Illinois last in hourly and weekly wage growth among small businesses.
Illinois Chamber of Commerce President and CEO Todd Maisch said a preliminary impression of the data suggests Illinois’ reaction to the pandemic may be to blame.
Honor Flights for veterans canceled for the year
Flights to take veterans of foreign wars of advanced age to Washington D.C. to visit memorials in their honor have been canceled for this year.
The Land of Lincoln Honor Flight organization hoped to continue flights in October, but travel restrictions in the air and on the ground by bus will make it more difficult for the aging population. ....

United States , Todd Maisch , Better Business Bureau , Community Development Block Grant , Illinois Chamber , Illinois Municipal League , Commerce President , Lincoln Honor Flight , Truth In Accounting , Child Tax Credit , Illinois Municipal , ஒன்றுபட்டது மாநிலங்களில் , சிறந்தது வணிக பணியகம் , சமூக வளர்ச்சி தொகுதி மானியம் , இல்லினாய்ஸ் அறை , இல்லினாய்ஸ் நகராட்சி லீக் , வர்த்தகம் ப்ரெஸிடெஂட் , லிங்கன் மரியாதை விமானம் , உண்மை இல் கணக்குவைப்பு முறை , குழந்தை வரி கடன் , இல்லினாய்ஸ் நகராட்சி ,

United States financial condition worsened by nearly $10 trillion in 2020


United States financial condition worsened by nearly $10 trillion in 2020
April 15, 2021 05:30 ET
| Source:
Truth in Accounting
Truth in Accounting
Chicago, Illinois, UNITED STATES
Chicago, April 15, 2021 (GLOBE NEWSWIRE) The Financial State of the Union report analyzes the audited financial report of the United States government for the fiscal year ending September 30, 2020. This report is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting. 
This year’s report found that the U.S. government’s financial condition worsened by nearly $10 trillion in 2020. The United States needs $123 trillion to pay its bills. The majority of this debt can be attributed to $55.1 trillion in Medicare promises and $41.2 trillion in Social Security. These are promises that have been made to our citizens, but the government has not set any money aside to fund them. Ot ....

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Honolulu Has Third-Worst Finances Of Any American City


The City and County of Honolulu’s balance sheet is in rough shape.
That is the assessment of Truth In Accounting, a non-partisan think tank that promotes transparency in government financial reporting.
In its annual report on the financial health of cities, the Chicago-based group found that Honolulu city government has the third-worst finances of any major American city.
That conclusion was reached by comparing the value of unfunded debt to total residential population.
Truth In Accounting Founder and CEO Sheila Weinberg says Honolulu is what she calls a “sinkhole” city; a municipality that has more debt than they have assets available to pay that debt. ....

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