AGP Executive Report
Last update: 9 hours agoChicago Finances: The City Council voted 44-6 to put the city’s $75 million parking-meter payment toward pension debt, rather than next year’s budget gap. Supporters say the extra payment could save taxpayers about $213 million over time; Mayor Brandon Johnson must find another way to close the gap. Consumer Spending: DoorDash is expanding its $12 value meal boxes to Chicago and 19 other U.S. markets. The boxes include no delivery fee and reduced service fees, with prices about 30% below the average delivery entrée. Business Conditions: Chicago’s business barometer pulled back in October but still indicated growth. Illinois’ unemployment rate dipped to 4.6% in September. Energy Costs: Consumer advocates warn Illinois households could face $2 billion in data-center-related grid costs, sharpening debate over who pays for the power needed to fuel the AI boom. Housing Investment: Gov. JB Pritzker and the Illinois Housing Development Authority announced a $156 million investment in housing.
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