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Fiscal Responsibility and a Bedtime Story |
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Written by Wojciech Sawa
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Monday, 30 April 2007 |
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Page 7 of 8
City Growth Facts:
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When the results of the 2000 census were published, the magnitude of Chicago’s transformation became clear. The city’s population increased by 112,000 people — a substantial growth registered for the first time since the 1940s.
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According to a study done by the Brookings Institution Metropolitan Po-licy Program, a striking emergence of Chicago’s downtown neighborhoods took place – they grew by 16,000 residents during the 90s. In the same time period, the city’s median income increased by 12.6 percent, that is 2 percent higher than the median incomes of the entire state or of the six-county metropolitan region. Tens of thousands of work places were created in the downtown area. The city experienced a high-rise construction boom. The number of people living under the poverty level has been reduced. The tourist and convention industries experienced a spur of growth bringing the city $9 billion in annual income.
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The city became one of the most beautiful in the country.
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Chicago has become a global model for how a metropolis can pursue environmental goals to achieve economic success.
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