Greencheese
Recycles dryer sheets
- Joined
- Oct 6, 2013
- Messages
- 265
If anyone saw the news yesterday Illinois is about to be kicked out of the mega millions/powerball lottery due to a lack of payments and a budget for the last 2 years. This is on top of bond rating agencies threatening to take the state to junk level investing in July as well should nothing come of the state representatives. This got me thinking, does anyone have experience living in or near a government entity that is struggling financially?
Were there any notable changes to how things were run over time, increases in taxes, loss of services, changes in property/income/sales taxes and shifts in demographics in the near to medium turn that were quickly noticeable?
As a hip, avocado toast eating , suburban living, late 20's, married and renting millennial who resides in the land of Illinois this had me wondering how things could turn out for Illinois residences. Obviously Detroit had it extremely rough prior to bankruptcy but for other towns/cities what has happened? And do the financial hardships really hit everyone, or if you live in an area that tends to be fairly wealthy and without much government assistance do things change much at all for you?
Were there any notable changes to how things were run over time, increases in taxes, loss of services, changes in property/income/sales taxes and shifts in demographics in the near to medium turn that were quickly noticeable?
As a hip, avocado toast eating , suburban living, late 20's, married and renting millennial who resides in the land of Illinois this had me wondering how things could turn out for Illinois residences. Obviously Detroit had it extremely rough prior to bankruptcy but for other towns/cities what has happened? And do the financial hardships really hit everyone, or if you live in an area that tends to be fairly wealthy and without much government assistance do things change much at all for you?