Wednesday, August 23, 2017

Top Illinois Stories

Illinois’ Teacher Pension Plans Deepen School Funding Inequities – Bellwether Education Partners

Leave a Reply

Your email address will not be published.

Bond sale to pay overdue bills may aid Illinois’ rating: S&P – Reuters

The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. Comment: Move your credit card debt over to your mortgage. That's fine by the ratings agencies because they care only about near term default risk.

Leave a Reply

Your email address will not be published.

Madigan cancels school funding override vote ‘in light of progress’ – Chicago Sun-Times

Leave a Reply

Your email address will not be published.

Other Highlighted Illinois Stories

Bill would stop governments from suing citizens who challenge new taxes – INN

Leave a Reply

Your email address will not be published.

Rauner vetoes proposal for state-owned workers’ compensation insurance provider – Illinois Policy

House Bill 2622 would create a state-run workers’ compensation insurance company, while failing to address the real problems with Illinois’ workers’ compensation system – the most expensive in the region.

Leave a Reply

Your email address will not be published.

Reverse Robin Hood – Eric Allie Cartoon

Reverse Robin Hood

Leave a Reply

Your email address will not be published.

AFSCME stall tactics are all political – and they’re costing Illinoisans millions – Illinois Policy

Leave a Reply

Your email address will not be published.

Rauner to sign immigration bill — sparking anger on right – Chicago Sun-Times

Leave a Reply

Your email address will not be published.

Why is K-12 enrollment declining? – INN

Leave a Reply

Your email address will not be published.

Gov Vetoes Aid For Vocational Students – NPR IL

Leave a Reply

Your email address will not be published.

Mayors hit Rauner on school TIF veto – Crain’s

A group that represents the state's mayors is asking Gov. Bruce Rauner to reconsider his move to ding communities with tax-increment financing districts in his veto of a major school-aid bill.

Leave a Reply

Your email address will not be published.

Lawmakers give insight into school funding reform negotiations – INN

Leave a Reply

Your email address will not be published.

On Illinois farms, where labor is tight, foreign workers are welcomed – Chicago Tribune

Rendleman Orchards migrant workers

Leave a Reply

Your email address will not be published.

GOP lawmakers say the time to deal with TIFs in school funding formula is now – INN

Leave a Reply

Your email address will not be published.

Big deals don’t always work: Massive electronics plant just over Illinois border stands vacant – Milwaukee Journal Sentinel

Four miles over the state line, in Harvard, Ill., on a gentle rise overlooking miles of surrounding farmland, stands a monument to hopeful plans gone wrong.

At 1.5 million square feet set amid more than 300 acres of landscaped prairie, ponds, roadways and parking lots built to accommodate thousands of cars, the cellphone manufacturing complex Motorola Inc. opened in 1996 dwarfs anything else in Harvard.

Leave a Reply

Your email address will not be published.

Opioid drugmaker settles with Illinois for $4.5 million – Tribune

Leave a Reply

Your email address will not be published.

Illinois Finance Authority teeing up state revolving fund deal – The Bond Buyer/SourceMedia

Leave a Reply

Your email address will not be published.

Communication chaos in Cairo: Confusion has replaced shock since HUD told 400 people they will have to move. – The Southern

Comment: Cairo and Harvey may be turning out as the initial Illinois municipalities to entirely flatline, but they won't be the last. The General Assembly continues to ignore the obvious need for Chapter 9 bankruptcy authorization in Illinois and for appointment of emergency managers.

Leave a Reply

Your email address will not be published.

Public Pensions: Why Do 100% Required Contribution Payers Have Decreasing Fundedness? – Stump

This is for pension wonks. Even with full ARC contributions to pensions, which the vast majority of Illinois pensions don't receive anyway, often end up underfunded.

Leave a Reply

Your email address will not be published.

Poverty striking rural Illinois at a faster rate than cities – INN

Leave a Reply

Your email address will not be published.

Rauner Vetoes Part Of Bill Meant To Help More College Students Get SNAP Benefits – Northern Public Radio

Leave a Reply

Your email address will not be published.

Legal battle continues over Exelon nuclear tax credit that competitors call corporate welfare – INN

Leave a Reply

Your email address will not be published.

Property taxes grow faster than Illinoisans’ ability to pay for them – INN

Illinois homeowners’ property taxes are among the highest in the nation. They are consuming more and more of Illinoisans’ incomes.

Leave a Reply

Your email address will not be published.

Baby Boomer retirements drive up property taxes – INN

Property taxes The Baby Boomer generation owns 52 percent of the homes in Illinois. In five years, the largest group of them will qualify for senior citizen property tax exemptions.

Leave a Reply

Your email address will not be published.

Rauner vetoes plan requiring overdue bill reporting – Chicago Sun-TImes

Leave a Reply

Your email address will not be published.

Illinois’ perpetual eclipse – Scott Stantis cartoon

Illinois' perpetual darkness

Leave a Reply

Your email address will not be published.

Rauner calls immigration bill ‘very reasonable’ – Chicago Tribune

Comment: Rauner is right. It's mostly just a codification of court rulings already made.

Leave a Reply

Your email address will not be published.

Suits linked to Rutherford sex charges cost public $515K – Sun-TImes

Leave a Reply

Your email address will not be published.

Illinois residents face Obamacare rate hikes of up to 43 percent next year – INN

Leave a Reply

Your email address will not be published.

Public Pensions Interest Group Says: Your Money Creates More Value With Us! – Stump

"Spewing faulty research commissioned by misguided public unions the National Conference of Public Employee Retirement Systems (NCPERS) has taken to playing the Frank Drebin role," wrote pension actuary John Bury. We've seen similar quack research on the economic impact of public pensions from the CTBA and unions here in Illinois.

Leave a Reply

Your email address will not be published.

Illinois school admin costs top heavy and could get heavier under SB1 – INN

A review by the Metropolitan Planning Council (MPC) of 2014 general administration costs for Illinois schools showed an average per pupil cost of $518. MPC said that’s the second highest in the country.
That’s higher than New York’s $341 per pupil cost, more than four times Texas’ $129 per pupil cost and more than five times California’s per pupil cost of $95 and Florida’s $78 per pupil cost. MPC says Illinois' more than 850 school districts dwarfs Florida’s 67 regular public school districts and that doesn’t include Illinois’ regional and special education districts.

Leave a Reply

Your email address will not be published.

Moody’s warns delay of state funding for Illinois schools a ‘credit negative’ – Illinois Policy

School funding is locked up due to the current fight in Springfield over the state’s new education funding formula and the bailout of Chicago Public Schools it contains.

Leave a Reply

Your email address will not be published.

Durkin says House mocked education needs with sham vote – North Cook News

Comment: You wouldn't know that from many irresponsible headlines who reported the vote as if it was meaningful and not theater. We'll have our own story up on that shortly.

Leave a Reply

Your email address will not be published.

Trucking company relocating from Illinois to northwest Indiana, adding 500 jobs – FOX59

HMD Trucking is currently located in Chicago Ridge, Illinois and hauls freight all across the country. The new facility in Gary will include a 9,000-square-foot office building for their administrative team and a 26,000-square-foot space for truck and trailer maintenance, repair and warehouse.

Leave a Reply

Your email address will not be published.

Drury pushes fiscal fixes in governor campaign – Pantagraph

Comment: An Illinois Dem who stood up to Madigan and asks how much things cost? Oh, the humanity.

Leave a Reply

Your email address will not be published.

Three Takeaways From Springfield’s (In)Action On School Funding – WBEZ

Leave a Reply

Your email address will not be published.

New Group to Promote Humane Farming, Expose Animal Cruelty in Illinois – WTTW

Leave a Reply

Your email address will not be published.

Job growth remains below national average – July Unemployment Rate Increases Slightly – IDES

Leave a Reply

Your email address will not be published.

Top Chicago Stories

Toni Preckwinkle Discusses Cook County Soda Tax Pushback – WTTW

Leave a Reply

Your email address will not be published.

After soda tax, Preckwinkle doles out premium perks and bonuses – Illinois Policy

Teamsters Union Local 700, which represents 3,500 guards and other security personnel, ended up with a slew of new perks including: payment for attending roll call, eliminating the cap on the use of personal time, a $1,200-per-person signing bonus, no increase in health care premiums, and 4 percent in additional salary increases, according to Crain’s Chicago Business.

Leave a Reply

Your email address will not be published.

Chicago Police arrests drop 24 percent in one year – Chicago Sun-Times

Chicago Police officers made 85,493 arrests in 2016, a 24 percent drop from the year before and roughly half the number of arrests they made the year before Mayor Rahm Emanuel took office.

Leave a Reply

Your email address will not be published.

Amid soda-tax war, Teamsters thank Preckwinkle for a good new deal – Crain’s

One of the county's top unions is bragging about all the good things Preckwinkle is giving its members in a new contract.

In a memo to members, Teamsters Union Local 700, which represents 3,500 guards and other security personnel at the county jail and some staffers in the Clerk of the Circuit Court's office, specifically thanks Preckwinkle for items including a new payment for attending roll call, lifting a cap on use of personal time, a raised uniform allowance and expanded shift differentials, a $1,200-per-person signing bonus and, most notably, a zero percent hike in health care premiums at a time when workers all over the country are being asked to pay more.

Leave a Reply

Your email address will not be published.

Other Highlighted Chicago Stories

Highlights of Chicago’s Municipal Employees’ Annuity and Benefit Fund – Truth in Accounting

Leave a Reply

Your email address will not be published.

South Side Struggles To Attract Young Homeowners – WBEZ

Chicago's Chatham neighborhood is one of the communities seeing a drop in younger residents.

Leave a Reply

Your email address will not be published.

Civic Federation: TIFs Are Good for Chicago Public Schools – WTTW

Leave a Reply

Your email address will not be published.

Chicago aldermen fail to attend committee meetings nearly half the time – Illinois Policy

Leave a Reply

Your email address will not be published.

24 Percent Drop In Arrests Shows Police Officers Are Under Attack: Alderman – DNAinfo

Leave a Reply

Your email address will not be published.

Chicago becomes a testing ground for the next wave of restaurant design – Archpaper.com

Leave a Reply

Your email address will not be published.

Are international homebuyers cooling on Chicago? – Crain’s

One important reason Chicago-area agents sense a chill is that international buying is more a suburban phenomenon than an urban one, and the heat in Chicago's market has largely been in the city. Each year, roughly half of all international home buys nationwide are in suburbs, according to NAR, and about a quarter are in cities. (Other buyers go to small towns, resort areas and such.)

Leave a Reply

Your email address will not be published.

Chicago City Council records reveal severe shortage of serious legislation – Illinois Policy

Leave a Reply

Your email address will not be published.

City doubles down on stance against federal court oversight of CPD – Chicago Sun-Times

City attorneys have fired back against a class-action lawsuit seeking a federal court consent decree over Chicago Police Department reform, claiming federal oversight is unnecessary because the city has made its own “substantial and ongoing reforms.”

Leave a Reply

Your email address will not be published.

Crain’s: Cook County Union Lauds Preckwinkle for New Contract – WTTW

Leave a Reply

Your email address will not be published.

Block 37 developer gets three years in federal prison – Chicago Sun-Times

Leave a Reply

Your email address will not be published.

Ban Self-Driving Cars To Avoid ‘Back To The Future’-Style Craziness: Burke – Wicker Park – Chicago – DNAinfo

"There is nothing preventing someone from doing the same thing, because there is no law," Burke said, after showing a clip from the beloved '80s classic.

Leave a Reply

Your email address will not be published.

Don’t buy the spin on CPS. It’s still a dumpster fire. – Crain’s

Comment: Wow--this is from Greg Hinz.

Leave a Reply

Your email address will not be published.

‘We helped them out and they helped us out’ – WBEZ

In Chicago, more than 2,300 people have been shot so far this year. But teens fixing dilapidated school auditoriums say the work helps keep them off the streets.

Leave a Reply

Your email address will not be published.

Nasty Women Chicago is having an art show

Comment: Brought to you in the interest of balance, and out of respect for their truth-in-labeling.

Leave a Reply

Your email address will not be published.

Soda tax lawsuit alleges Jewel wrongfully taxed consumers paying with food stamps – Chicago Tribune

The parent of Jewel-Osco was sued Friday for allegedly applying Cook County's new sweetened-beverage tax to purchases made with federal food stamps, transactions that are supposed to be exempt from the penny-per-ounce tax.

Leave a Reply

Your email address will not be published.

Chicago Charters Seek To Grow As CPS Enrollment Declines – WBEZ

As enrollment declines in Chicago Public Schools, 11 local charter school networks are seeking the Chicago Board of Education’s permission to add another 2,300 students over the next several years.

Leave a Reply

Your email address will not be published.

Harvey firefighters’ pension on ‘collision course’ with bankruptcy, appeals court says – Chicago Tribune

"Harvey has set up a collision course over a period of many years where the beneficiaries of their firefighters' Pension Fund are being paid substantially out of the money that the firefighters have themselves contributed to the Pension Fund and the money the Pension Fund earns from investments…" the court wrote. "In essence, Harvey is robbing Peter to pay Paul, but what happens when Peter retires?" Comment: Pensions are bleeding out all across the state. Excess will morph into hardship, as we have been warning for years, especially in cities and towns that are themselves broke, like Harvey.

Leave a Reply

Your email address will not be published.

Cook County: Soda tax no longer runs afoul of food stamp rules – Chicago Tribune

Cook County officials say they've solved a problem with the new sweetened beverage tax that put roughly $87 million in funding used to run the federal food stamp program in Illinois at risk of being withheld.

Leave a Reply

Your email address will not be published.

Cook County retailers report beverage sales decline – Chicago Sun-TImes

Comment: Try not to take it out on the retailers. This is a big hit on them, especially the small guys. If you've stopped buying taxed beverages try to make it up on something else.

Leave a Reply

Your email address will not be published.

Data on 1.8M Chicago voters exposed online – The Hill

Leave a Reply

Your email address will not be published.

Who’s running more and more big local companies? Foreigners. – Crain’s

The past three years have seen an influx of CEOs from abroad. Stefano Pessina took charge of Walgreens in early 2015; Briton Steve Easterbrook to succeeded American Don Thompson at McDonald's; Brazilian Bernardo Hees became CEO of Kraft Heinz, with the merger of Kraft Foods and H.J. Heinz; Rosemont-based food distribution giant US Foods tapped Canadian Pietro Satriano; Brazil native Jose Almeida took over Deerfield-based Baxter International; and Chicago-based Archer Daniels Midland promoted Argentina-born Juan Luciano to the top job.

Leave a Reply

Your email address will not be published.

Mayor Emanuel rejects call to rename Washington, Jackson parks – Fox32

Leave a Reply

Your email address will not be published.

Michael Bloomberg throws support behind Cook County soda tax – Chicago Sun-Times

A seven-figure broadcast and radio buy was made Thursday and Bloomberg plans to be “on the ground” driving that message and supporting those who support the tax for as long as it takes.”

Leave a Reply

Your email address will not be published.

Poll: Cook County Board Chair Preckwinkle has worse approval rating than President Trump – INN

Leave a Reply

Your email address will not be published.

Jobs vs. Bullets – Crain’s

A detailed look.

Leave a Reply

Your email address will not be published.

U of Chicago reminds freshmen that it doesn’t do safe spaces – CampusReform

Comment: Thank goodness such places still exist: “At the University of Chicago, we insist that all faculty and students are free to debate, disagree, and argue, without fear of being silenced,” Dean of Students Dr. John (Jay) Ellison wrote in a letter welcoming incoming freshmen to campus."

Leave a Reply

Your email address will not be published.

Suburban districts to pick up part of new teacher pensions in 2020 – Daily Herald

A change buried in this year's state budget would require suburban school districts to pick up a portion of costs for teacher pensions beginning in 2020.

Leave a Reply

Your email address will not be published.

Poll shows trouble for Preckwinkle amid pop tax furor – Crain’s

According to a just-released We Ask America survey, a whopping 68 percent of registered county voters who were questioned say they disapprove of how Preckwinkle is handling her job. Just 21 percent give her performance a thumbs-up, with 11 percent undecided.

Leave a Reply

Your email address will not be published.

Alderman says Lincoln bust in West Englewood burned – Chicago Sun-Times

Ald. Ray Lopez (15th) on Thursday accused President Donald Trump of emboldening vandals to set fire to a bust of Abraham Lincoln that has stood as a symbol of freedom in West Englewood for nearly a century.

Leave a Reply

Your email address will not be published.

Wirepoints Original Stories

Court-Ordered Taxes For Pensions Begin In Illinois; Litigation Turmoil Looms – Wirepoints Original

With effective property tax rates already 5.7%, Harvey is a bloodless turnip. Where else will the courts order higher taxes?

Leave a Reply

Your email address will not be published.

Chump Media: Why Sham Votes Happen In Springfield – WP Original

The Wall Street Journal and FOX Business are among those who botched this one worst.

Leave a Reply

Your email address will not be published.

Rahm’s Ramp And The Fate Of Chicago’s Pensions – WP Original

The can has now been kicked on all four city pensions, as shown on the chart.

Leave a Reply

Your email address will not be published.

Plain English Video On Why Phony ‘Balanced’ Budgets Are Key To Our State And Local Fiscal Crises

If you don't know that state and local budgets are deceitful and nearly meaningless, or you don't know why that's so important to understanding our crisis, spend a few minutes watching the video.

Leave a Reply

Your email address will not be published.

Illinois Stumbles Through Fog Towards New School Funding Formula – Wirepoints Original

We know more now, but distortions abound and key points remain unreported or unknowable.

Leave a Reply

Your email address will not be published.

Wirepoints Founder Mark Glennon on WTTW’s Chicago Tonight Discussing Tax Reform – Video – WTTW

Leave a Reply

Your email address will not be published.

Cook County’s Outrageous Attempt To Charge Plaintiffs $17 Million In Beverage Tax Case – WP Original

Sanctions against the county's lawyers? Maybe, but without a firm and unequivocal decision against Cook County a dangerous precedent will be set.

Leave a Reply

Your email address will not be published.

One Chart Shows Awful Fiscal Trajectory of Chicago Area and Illinois – WP Original

And here's a promise: The trend will continue.

Leave a Reply

Your email address will not be published.

Education Funding Bill is a Monstrosity of Unknown Proportions – Wirepoints Original

Shame on everybody who has let SB1 get as far along as it has with such little understanding, Republicans and Democrats alike.

Rauner’s New Staff, Extremism and the Stockholm Syndrome – Wirepoints Original

That which can't pass the establishment in the General Assembly and its enablers in the press is "too radical" for Illinois.

The Importance of Being Scared (in Illinois) – WP Original

"If you are protected from dark things then you have no protection of, knowledge of, or understanding of dark things when they show up.”

Media Watch

Chicago Sun-Times sporting full-page union labor ad in today’s newspaper – Chicago Business Journal

"The evolution of the Chicago Sun-Times took a new — and potentially disturbing — twist in today's issue, which prominently carried on page 5 a full-page display ad from [unions]."

Leave a Reply

Your email address will not be published.

Rep. Ives accuses Chicago Tribune of lying, bias against Republicans – DuPage Policy Journal

Leave a Reply

Your email address will not be published.

Wife’s Cook County position draws line in sand for Tribune reporter – Chicago City Wire

The managing editor of the Chicago Tribune assured Chicago City Wire that reporter Kim Janssen is taking every precaution to avoid even the appearance of a conflict of interest given that his wife, Becky Schlikerman, is a spokesperson for Cook County.

Leave a Reply

Your email address will not be published.

Sun-Times editor Jim Kirk leaving to join Tribune parent company – Chicago Sun-Times

Leave a Reply

Your email address will not be published.

PolitiFact fumbles fact-check: Education funding proposal is a CPS bailout – Illinois Policy

Comment: Matt Deitrich, who wrote the "fact check" piece for Politifiact, which is now affiliated with the BGA, is among the most biased columnists in the state and his article was hack job nonsense.

Leave a Reply

Your email address will not be published.

How I fell for Emanuel’s budget spin – Greg Hinz – Crain’s

Says Greg Hinz: "I'm referring to my post yesterday that the city's projected deficit for fiscal 2018 is the lowest in more than a decade, a sizeable but still manageable $114 million. But it turns out, that figure includes neither the cost of contract settlements with police and fire units or the roughly $70 million needed to finish hiring the new police the mayor has promised will hit the streets over a two-year period." Comment He's still missing it. The big one is growth in unfunded pension liabilities. That's where the losses get buried. Government "budgets" mean almost nothing and are routinely invalidated by actual results.

Leave a Reply

Your email address will not be published.

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

Top Illinois Stories

Illinois’ Teacher Pension Plans Deepen School Funding Inequities – Bellwether Education Partners

Leave a Reply

Your email address will not be published.

Bond sale to pay overdue bills may aid Illinois’ rating: S&P – Reuters

The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. Comment: Move your credit card debt over to your mortgage. That's fine by the ratings agencies because they care only about near term default risk.

Leave a Reply

Your email address will not be published.

Madigan cancels school funding override vote ‘in light of progress’ – Chicago Sun-Times

Leave a Reply

Your email address will not be published.

Top Chicago Stories

Toni Preckwinkle Discusses Cook County Soda Tax Pushback – WTTW

Leave a Reply

Your email address will not be published.

After soda tax, Preckwinkle doles out premium perks and bonuses – Illinois Policy

Teamsters Union Local 700, which represents 3,500 guards and other security personnel, ended up with a slew of new perks including: payment for attending roll call, eliminating the cap on the use of personal time, a $1,200-per-person signing bonus, no increase in health care premiums, and 4 percent in additional salary increases, according to Crain’s Chicago Business.

Leave a Reply

Your email address will not be published.

Chicago Police arrests drop 24 percent in one year – Chicago Sun-Times

Chicago Police officers made 85,493 arrests in 2016, a 24 percent drop from the year before and roughly half the number of arrests they made the year before Mayor Rahm Emanuel took office.

Leave a Reply

Your email address will not be published.

Amid soda-tax war, Teamsters thank Preckwinkle for a good new deal – Crain’s

One of the county's top unions is bragging about all the good things Preckwinkle is giving its members in a new contract.

In a memo to members, Teamsters Union Local 700, which represents 3,500 guards and other security personnel at the county jail and some staffers in the Clerk of the Circuit Court's office, specifically thanks Preckwinkle for items including a new payment for attending roll call, lifting a cap on use of personal time, a raised uniform allowance and expanded shift differentials, a $1,200-per-person signing bonus and, most notably, a zero percent hike in health care premiums at a time when workers all over the country are being asked to pay more.

Leave a Reply

Your email address will not be published.

Wirepoints Original Stories

Court-Ordered Taxes For Pensions Begin In Illinois; Litigation Turmoil Looms – Wirepoints Original

With effective property tax rates already 5.7%, Harvey is a bloodless turnip. Where else will the courts order higher taxes?

Leave a Reply

Your email address will not be published.

Chump Media: Why Sham Votes Happen In Springfield – WP Original

The Wall Street Journal and FOX Business are among those who botched this one worst.

Leave a Reply

Your email address will not be published.

Rahm’s Ramp And The Fate Of Chicago’s Pensions – WP Original

The can has now been kicked on all four city pensions, as shown on the chart.

Leave a Reply

Your email address will not be published.