Thanks, I needed that. One workshop offered during the 72nd National Restaurant Association convention here last week: “Don’t Lose Your Restaurant By Accident. Don’t kill or maim your customers; it’s bad for business…”
Best of Chicago voting is live now. Vote for your favorites »
“Under the current system, some districts in Illinois are the Grand Cayman Islands of public school finance,” writes Merrill Goozner in Chicago Enterprise (May). “Because they harbor large concentrations of business property, they can levy extremely low tax rates and still end up with some of the highest per pupil expenditures in the nation. Take north suburban Niles, home of Golf Mill Shopping Center and numerous other commercial enterprises. The Niles tax rate for its schools is nearly 30 percent less than the statewide average. Its elementary school rate of 99 cents per $100 of equalized assessed valuation is a pittance compared to tract home-dominated Park Forest, which has a $6.51 per $100 rate. Yet, Niles raises $6,200 per elementary-school pupil from local taxes; Park Forest, a mere $2,200… In the next few years, a court is going to find the Illinois system… a constitutional travesty.”
Pay and performance. Two area execs got noted when Business Week (May 6) asked, “Are CEOs Paid Too Much?” Dane A. Miller of northern Indiana’s Biomet (a maker of orthopedic devices) ranked number one on the list of “executives whose companies did the best relative to their pay.” James J. O’Connor of Commonwealth Edison ranked last on the list of executives whose companies did the worst relative to their pay.
Art accompanying story in printed newspaper (not available in this archive): illustration/Carl Kock.
