Saturday, November 25, 2017
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Top Illinois Stories

Unemployment Rate Drops in All Metro Areas for Fifth Consecutive Month – IDES

"It is encouraging that the unemployment rate is down statewide and Illinois gained 18,200 jobs over the past year," said IDES Director Jeff Mays. "However, six of the 14 metro areas did not add jobs, which is a clear sign of the need for more sustained job growth across all areas of the state."

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J.B. Pritzker Op-Ed: Experience solving problems and thinking big

"Bold," he says.

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College students fleeing Illinois for cheaper tuition. Legislature seeks to change that. – Belleville News-Democrat

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Other Highlighted Illinois Stories

State supreme court to decide if taxpayers can sue government for overspending – INN

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Illinois Lawmaker’s Plan To Combat Opioid Abuse With Cannabis – NPR IL

Senator Don Harmon, a Democrat from Oak Park, says medical marijuana could help individuals using and/or abusing opioids.  He’s behind a plan to give that option.

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Cook County Board approves budget with 321 layoffs – Chicago Tribune

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Berg: Small businesses are Illinois’ lifeblood, but they’re treated like dirt – INN

FILE - Small town, mom and pop shop, small businesses, Main Street

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More Highlighted Illinois Stories

Dan Rutherford federal sex harassment suit dismissed – Chicago Sun-Times

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McCaleb: Reasons to be thankful in tax-and-spend Illinois – INN

There really is at least some good news.

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It is time for a fair tax for Illinois – Opinion – State Journal-Register

Comment: Like other progressive income tax proponents, this author doesn't have any numbers about how much more revenue would be raised and how much it would cost the top 10% to 20% to pay for tax  cut for others and for shouldering all Illinois' fiscal problems. Nor does he mention that revenue from this wouldn't arrive for at least another five years.

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Trump taps Chicago exec Barbara Stewart for national service CEO spot – Chicago Sun-TImes

Trump on Tuesday tapped Barbara Stewart, an Adler Planetarium trustee who once worked for former Illinois GOP Lt Gov. Bob Kustra, to be the Chief Executive Officer for the Corporation of National Community Service.

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Proposed State of Illinois Pension Contributions to Increase by Nearly 7% in FY2019 – Civic Federation

Comment: Good luck with that, as we face another budget battle and a deficit that will probably exceed $3 billion.

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This Thanksgiving, nearly 1M Illinois households forced to rely on food stamps – IL Policy

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Oh, stop badmouthing the state – Eric Allie Cartoon

Badmouthing Illinois

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A new transparency in Illinois? – American Spectator

Illinois’ Debt Transparency Act will keep taxpayers more informed about how much the state’s backlog of bills is costing them.

But a fiscal watchdog says the state can still do more to keep its citizens better aware of the mounting debt.

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Use special funds as intended or scrap them, Truth In Accounting founder says – Prairie State Wire

As we wrote in our recent article linked here, $13 billion still languishes with the Illinois Treasurer.

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Honeywell announces plans to idle Metropolis plant, reduce workforce by 170 positions – The Southern

ForgottenOuch. Yet another hit on Southern Illinois.

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10 years after financial crisis, Illinois’ manufacturing industry yet to recover – INN

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Judge permanently blocks Trump sanctuary cities order – Chicago Sun-Times

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Illinois Government’s Gender Hypocrisy Gap – Forbes

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Illinois to stay in much-criticized voter database for now – A.P.

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Despite 3,400 new jobs in October, Illinois’ labor market is nothing to celebrate – IL Policy

illinois unemploymentNearly 100,000 Illinoisans have left the labor force since January 2017.

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Rauner still short on answers – Opinion – The Southern

His response, or lack thereof, was reminiscent of an absentee father bringing elaborately wrapped gifts to his child’s birthday party, but having absolutely no idea what was inside the packages. It wouldn’t have taken much thought to anticipate the first two questions — how many jobs will be created by this project and when will ground be broken. Yet, Rauner didn’t have these most basic answers." Comment: That's the new Rauner. He just doesn't indicate any command of the facts, as he  used to..

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Madison County public safety, taxpayers both win after bi-partisan work – Belleville News Democrat

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DCFS workers face violence on the job – Chicago Tribune

To measure the violence, the Tribune gathered worker compensation claims, police reports and interviews with DCFS officials.

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Illinois gets high marks from National Safety Council on efforts to battle opioid epidemic – INN

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Jim Nowlan: What do voters do when we’re stymied? – Jim Nowlan – Daily Journal

"[The Illinois Supreme Court] is a political court, in this sense: One owes his seat to Madigan; another is the wife of Chicago City Council baron Ed Burke, and a third is a close friend of state senate president John Cullerton, himself a former Madigan protege."

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State union workers protect the vulnerable – Opinion – Belleville News-Democrat

American Federation of State, County and Municipal Employees (AFSCME) Council 31 Executive Director Roberta Lynch speaks at a news conference Thursday, Oct. 12, 2017, in Springfield. By: Roberta Lynch, executive director of the American Federation of State, County and Municipal Employees Council 31.
Presented without comment.

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Peoria budget still asks too much of local taxpayers – JournalStar

"What we think is 'nuts' and 'surreal' instead is any government that steadfastly refuses to confront its structural deficits, thereby punishing its taxpayers by default. In City Hall’s case that means annual pension payments that are eating up the vast majority of property tax revenue and that in the last decade have nearly tripled (to $9.1 million next year) for police and more than doubled (to $9 million) for firefighters"

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Wise up: Government budgets in Illinois are not balanced – Crain’s

By Wirepoints' Mark Glennon.

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Southern Illinois U at Carbondale wants to dissolve academic departments — all of them – Inside Higher Ed

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Property tax truths – Illinois Policy

Take this quick quiz. Very informative.

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$80M Mississippi River Bridge Opens From Illinois to Iowa – A.P.

Savanna, Illinois, to Sabula, Iowa

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Illinois expects to save $1.2 million with its new open source data portal – StateScoop

Lots of great work being done by the Illinois Department of Innovation & Technology.

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IMRF pension system hires new leader – Daily Herald

Chicago native and current City of Memphis Chief Financial Officer Brian Collins is taking over leadership of the Illinois Municipal Retirement Fund early next year.

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Ives cites culture surrounding ‘phony property tax freeze’ in her decision to run for governor – Prairie State Wire

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George Will: In Illinois, a looming battle over the bankrupting ‘blue model’

"Self-government has failed in the nation’s currently fifth-most populous state."

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Top Chicago Stories

Chicago Park District’s Turkey Surprise: ‘Nominal’ property tax hike proposal – Chicago Sun-Times

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Study: Chicago Charter High Schools Give Kids An Academic Edge

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Chicago budget that relies on debt deal sails through council – The Bond Buyer/SourceMedia

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Have They Got a Bond for You – Wall Street Journal

Connecticut and Chicago borrow a debt trick from Puerto Rico.

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Other Highlighted Chicago Stories

Stalled Schaumburg hotel project seeks tax – Daily Herald

Schaumburg trustees have unanimously recommended the village's endorsement of a Cook County tax incentive to save a two-hotel project that has already been approved but is financially stalled

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JPMorgan Chase CEO sees early results of $40 million investment in South, West sides during Chicago visit – Chicago Tribune

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A Rahm Thanksviging – Scott Stantis Cartoon

A Rahm Thanksgiving

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More needless referendums to crowd Chicago ballot in 2018 – Illinois Policy

Chicago City Council continues its tradition of putting popular but toothless measures on the ballot to protect incumbent power and block real reform.

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Chicago Park District seeks to raise property taxes as part of $462 million budget – Chicago Tribune

Comment: Nothing beats hiding bad news by releasing it on a holiday eve.

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Some lady told the cops her luxury SUV was stolen, but it wasn’t, so she used a flamethrower with napalm to torch it. Allegedly – Daily Herald

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CTA announces plans for 25 cent fare hikes for bus and train riders – Chicago Sun-Times

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Bannockburn School District Cuts Tax Levy By 5% – Patch

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A good news, bad news dog that didn’t bark at Chicago City Hall – Truth in Accounting

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Is the Downtown Apartment Bubble Bursting? – Chicago Magazine

The pool deck of Optima Signature in Streeterville

With an expected 5,000 new rental units in the first quarter of 2018, some developers are offering up to three months rent free to lure new tenants.

   

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Activists planning return to Mag Mile for ‘Day of Defiance’ – Chicago Sun-Times

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City Council approves Emanuel’s $8.6 billion budget on 47-3 vote – Chicago Sun-Times

See our Quicktake linked here about what's left out here: an admission by Rahm that he has no answer about how to pay the coming ramp up in taxpayer contributions to the pensions.

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Alderman pass Emanuel’s 2018 budget – Fox32

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How to save the city of big shoulders – Opinion – RealClear Poitics

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County budget passes; calls for 321 employees to be laid off – Chicago Sun-Times

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Analysis Grades Chicago On Chances to Land 2nd Amazon HQ, And it Doesn’t Look Good – NBC Chicago

Chicago gets an “F” for stability in a new analysis grading big cities' chances to lure Amazon in its quest to find a second headquarters that's sparked a bidding war across the nation.

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McHenry County reduces levy 11.2%, asks other taxing bodies to follow – Daily Herald

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McHenry County Board members offer up IMRF pension alternative for elected officials – Northwest Herald

A pair of McHenry County Board members have put together a proposal encouraging countywide elected officials to enroll in private retirement plans rather than plans through the state’s pension system.

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Todd Stroger hears voices; they want him to run – Opinion – Chicago Sun-Times

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Chicago violence hovers near 20-year high, with pockets of improvement – Chicago Sun-Times

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More than 300 Cook County employees will lose jobs to balance budget – Chicago Sun-Times

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South Barrington looks to collect more in property taxes next year – Chicago Tribune

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How Chicago’s New Budget Could Affect You In 2018 — And Beyond – WBEZ

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Typical Chicago homeowner will pay $174 more to City Hall, CPS in 2018 – Chicago Tribune

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U.S. Steel responds to Chicago’s plans to sue company over spills – Chicago Business Journal

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Aldermen strike out in bid to block Rahm’s ‘blank check’ to CTA, CPS – Sun-Times

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UIC may absorb John Marshall Law School – Crain’s

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Soda tax repeal spurs Cook County cuts and layoffs – The Bond Buyer/SourceMedia

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Todd Stroger announces he’ll again run for Cook County board president – Chicago Sun-Times

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Chicago Prepares to Sue U.S. Steel Over Chromium Leaks – NBC Chicago

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Wirepoints Original Stories

A near-perfect way to hike property taxes in Illinois – Wirepoints Original

Local officials and union leaders have employed a near-perfect method to pressure residents into accepting higher taxes year after year: Sell the idea that communities around them are more generous than their own.

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Rising property taxes and stagnant incomes: A lethal combination for Illinoisans – Wirepoints Original

A lethal combination of rising property taxes and stagnant incomes has forced many Illinoisans to rethink their relationship with their state. More than a million net residents have already fled the state since 2000 - and you can’t blame others for thinking about joining them.  

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Pending Federal Tax Changes Would Lower Illinois Home Values And Deepen Property Tax Rage – Wirepoints Original

An overall tax cut wouldn't change those results.The effect of doubling the standard deduction is being overlooked

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An omen of things to come for Illinois downstate police and fire pension funds – Wirepoints Original

In Illinois, 118 fire funds already have more pension beneficiaries than active workers. Another 73 police funds are in the same dire position. That’s 191 of the 653 fire and police funds, or nearly 30 percent, that are upside down.

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Quicktakes

Rahm’s big confession – Quicktake

In the Chicago City Council discussion Tuesday about the budget it passed, Mayor Emanuel was asked what the plan is to deal with big...

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Wirepoints now in Crain’s as a regular column

I'll now have a regular, monthly column in the Government section of Crain's Chicago Business, both online and print editions. It will appear around...

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Watch this speech and imagine it’s an Illinois Democratic newcomer – Quicktake

Somebody gave a remarkably good speech at the City Club of Chicago this month about our fiscal crisis that' s worth watching. Never mind...

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More Wirepoints Original Stories

Wilmette tax hike discussions distract from administrative bloat, pensions (Part 2) – Wirepoints Original

Reform obviously needed, not higher taxes.

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School districts don’t want to miss opportunity to raise property taxes, even in Wilmette (Part 1) – Wirepoints Original

Wilmette school district officials pursue more tax hikes despite falling property values, jump in property taxes.

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Audio: Wirepoints’ Ted Dabrowski Discusses Schaumburg Financial Situation – AM560

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Mussman’s property tax bill: from bad to worse – Wirepoints Original

Lots of reasons why this property tax "freeze" is a failure, but these latest additions have made it even more of a mess.

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Illinois Court Ruling Makes It Nearly Impossible For State To Control Labor Costs – Wirepoints Original

What’s the point of negotiating?

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Illinois lawmakers poised to embrace good-for-nothing property tax freeze – Wirepoints Original

The latest proposal that may get fast tracked and passed immediately is a good-for-nothing property tax freeze introduced by Rep. Michelle Mussman.

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Bailout For Chicago Port Authority Up For Vote This Week In Veto Session – Wirepoints Original

Bailout first, reform later.

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Media Watch

Goodbye Tribune Tower: We’ll miss our cathedral when we have to move out – Chicago Tribune

Tribune Tower

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Why Crain’s is no longer allowing comments – Crain’s

Comment: Bitchers and moaners, you're still welcome here.

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The big lesson in DNAinfo’s neighborhood news experiment – Crain’s

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Why the demise of DNAinfo and Gothamist did not surprise this reporter – Chicago Business Journal

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A story I’m proud of and a promotion at the Chicago Sun-Times

By: Mark Glennon* Three years ago I wrote here taking a close look at a front page Chicago Sun-Times story I thought was dangerously unfair....

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— Connecting the dots between our economy, government and business —

Wirepoints Original Stories

A near-perfect way to hike property taxes in Illinois – Wirepoints Original

Local officials and union leaders have employed a near-perfect method to pressure residents into accepting higher taxes year after year: Sell the idea that communities around them are more generous than their own.

Leave a Reply

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Rising property taxes and stagnant incomes: A lethal combination for Illinoisans – Wirepoints Original

A lethal combination of rising property taxes and stagnant incomes has forced many Illinoisans to rethink their relationship with their state. More than a million net residents have already fled the state since 2000 - and you can’t blame others for thinking about joining them.  

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Pending Federal Tax Changes Would Lower Illinois Home Values And Deepen Property Tax Rage – Wirepoints Original

An overall tax cut wouldn't change those results.The effect of doubling the standard deduction is being overlooked

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Quicktakes

Rahm’s big confession – Quicktake

In the Chicago City Council discussion Tuesday about the budget it passed, Mayor Emanuel was asked what the plan is to deal with big...

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Wirepoints now in Crain’s as a regular column

I'll now have a regular, monthly column in the Government section of Crain's Chicago Business, both online and print editions. It will appear around...

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Watch this speech and imagine it’s an Illinois Democratic newcomer – Quicktake

Somebody gave a remarkably good speech at the City Club of Chicago this month about our fiscal crisis that' s worth watching. Never mind...

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Top Illinois Stories

Unemployment Rate Drops in All Metro Areas for Fifth Consecutive Month – IDES

"It is encouraging that the unemployment rate is down statewide and Illinois gained 18,200 jobs over the past year," said IDES Director Jeff Mays. "However, six of the 14 metro areas did not add jobs, which is a clear sign of the need for more sustained job growth across all areas of the state."

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Your email address will not be published.

J.B. Pritzker Op-Ed: Experience solving problems and thinking big

"Bold," he says.

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College students fleeing Illinois for cheaper tuition. Legislature seeks to change that. – Belleville News-Democrat

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Other Illinois News

State supreme court to decide if taxpayers can sue government for overspending – INN

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Illinois Lawmaker’s Plan To Combat Opioid Abuse With Cannabis – NPR IL

Senator Don Harmon, a Democrat from Oak Park, says medical marijuana could help individuals using and/or abusing opioids.  He’s behind a plan to give that option.

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Cook County Board approves budget with 321 layoffs – Chicago Tribune

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Berg: Small businesses are Illinois’ lifeblood, but they’re treated like dirt – INN

FILE - Small town, mom and pop shop, small businesses, Main Street

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Expert: Latest Illinois high speed rail delay not surprising – INN

Randall O'Toole, a senior fellow at the Cato Institute, said people shouldn't get their hopes up for 110 mile-per-hour service – not in 2018, and not ever.

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Top Chicago Stories

Chicago Park District’s Turkey Surprise: ‘Nominal’ property tax hike proposal – Chicago Sun-Times

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Study: Chicago Charter High Schools Give Kids An Academic Edge

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Chicago budget that relies on debt deal sails through council – The Bond Buyer/SourceMedia

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Have They Got a Bond for You – Wall Street Journal

Connecticut and Chicago borrow a debt trick from Puerto Rico.

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Other Chicago News

Stalled Schaumburg hotel project seeks tax – Daily Herald

Schaumburg trustees have unanimously recommended the village's endorsement of a Cook County tax incentive to save a two-hotel project that has already been approved but is financially stalled

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Your email address will not be published.

JPMorgan Chase CEO sees early results of $40 million investment in South, West sides during Chicago visit – Chicago Tribune

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A Rahm Thanksviging – Scott Stantis Cartoon

A Rahm Thanksgiving

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More needless referendums to crowd Chicago ballot in 2018 – Illinois Policy

Chicago City Council continues its tradition of putting popular but toothless measures on the ballot to protect incumbent power and block real reform.

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Your email address will not be published.

Chicago Park District seeks to raise property taxes as part of $462 million budget – Chicago Tribune

Comment: Nothing beats hiding bad news by releasing it on a holiday eve.

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Media Watch

Goodbye Tribune Tower: We’ll miss our cathedral when we have to move out – Chicago Tribune

Tribune Tower

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Why Crain’s is no longer allowing comments – Crain’s

Comment: Bitchers and moaners, you're still welcome here.

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The big lesson in DNAinfo’s neighborhood news experiment – Crain’s

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