Pastor Wants Presidents’ Names Removed From Washington, Jackson Parks Over Ties To Slavery – CBS Chicago
In a letter to Cook County Board President Toni Preckwinkle, the Illinois Liquor Control Commission wrote that even though the tax on sweetened beverages excludes alcohol, many of the wholesalers to which it applies distribute both kinds of products and therefore have to deal with the tax complications of the county's new levy. As a result, it "may lead to practices that violate the Illinois Liquor Control Act."
Illinois could lose $87 million in federal food stamp funding over Cook County soda tax – Chicago Tribune
Three members of the Cook County Board have opened a new front in the battle over the county's controversial new tax on soda pop and other sweetened beverages, moving to limit board President Toni Preckwinkle's ability to file civil lawsuits. The measure would require advance board approval of any civil suit filed by the president on behalf the county that seeks more than $500,000. The board also would have to be notified of any suit seeking more than $100,000.
Redbox Founder to Son: I Wish I Had Known These Things Before My First Job – Gregg Kaplan – LinkedIn
Class action: Chicago tramples rights in prosecuting distracted driving tickets – Cook County Record
Preckwinkle doubles down on foolish: Vengeance is mine, sayeth the soda taxer – Editorial – Chicago Tribune
In an action a judge said could have "a chilling effect" on government and citizens' rights, county attorneys are seeking $17 million in damages from the Illinois Retail Merchants Association, the group that, with a couple of co-plaintiffs, won a temporary restraining order delaying the levy by about a month.Comment: Gotta be kidding me. The sanctions here should be assessed against Cook County for trying to penalize legitimate legal activity.
Judge: Lawyers may need to justify $1.12M fee request for ‘3 months work’ in sex toy case settlement – Cook County Record
Chicago Municipal and Laborers’ Pension Funding Changes Approved as Part of State Budget – The Civic Federation
Home prices in the Chicago area grew the least of any of 20 major U.S. metropolitan areas in May, according to a national index released this morning.
The region's single-family values were up 3.3 percent in May from a year earlier, according to the S&P CoreLogic Case-Shiller Indices. It's the lowest year-over-year increase shown this year, following 3.9 percent growth in May.
Chicago professor resigns after being attacked by a small group of ‘militant LGBT students’ – The Blaze
Suburban property taxpayers would be on hook for CPS’ $17B in debt if schools bill becomes state law – Chicago City Wire
Judge: South suburban Harvey illegally diverted water cash owed to Chicago, millions missing – Chicago Tribune
Riverside Investment plans a campus containing 1.5 million square feet of residential and office space.
Here comes your bailout for the financially-mismanaged Chicago Public Schools – Belleville News-Democrat
Being ‘mad at the math’ won’t end Illinois’ ongoing financial woes, attorney says – Chicago City Wire
Venture funding for Chicago companies in the second quarter was the highest in seven years.
Total funding—led by the monster $500 million-plus funding of Outcome Health—was $684 million, according to Dow Jones VentureSource. That's the most for a single quarter dating back to at least 2010.
Chicago’s annual financial report for 2016 finally surfaced today: $3.6 billion loss for 2016 – Truth in Accounting
Aldermen choose how to use infrastructure dollars from a preapproved list of projects. The result: A big spending gap between neighborhoods.
The agency that operates McCormick Place will be able to pile on to its massive debt load thanks to the state's long-awaited budget. Built into legislation that passed last week is a $293 million increase in the bonding capacity. The agency maxed out its borrowing limit two years ago. Despite a gargantuan long-term debt burden that totaled $3.7 billion as of June 2016, McPier officials plan to take advantage of the new line of credit immediately.
Moody’s warns of another credit downgrade for CPS after district fails to make full $733 million pension payment – Illinois Policy
Cook Co. jury orders $115M to families of victims of 2013 Afghanistan military cargo plane crash – Cook County Record
Analysis: North Cook County fire, police pension funds paid $195 million, lost $5 million on investments in 2016 – North Cook News
Proposed Fair Workweek ordinance would mandate predictable schedules, stable paychecks – Chicago Tribune
Chicago Looks to Become Fintech Mecca As Lawmakers Show They Actually Understand Blockchain – International Business Times
U.S. Supreme Court decision could have big impact on mass actions in Cook County, elsewhere – Cook County Record
Long before President Trump turned a protectionist eye to the iniquities of Canadians, another opinionated American tycoon decided that he had had enough. Eighty years ago, the cross-border irritant wasn’t Nafta or softwood lumber. As Maj. Frederic McLaughlin saw it, Canada was flooding American markets with too many hockey players. In 1937, his short-lived America-first campaign was all about making his Chicago Black Hawks great again.
Inspired by Sanders, activists in Chicago push Democrats to left — or out of the way – Chicago Tribune
New Cook County Pop Tax In July Also Includes Juice Boxes, Gatorade, Red Bull And More – DNAinfo Chicago
How Chicago Is Quickly Becoming The Social Entrepreneurship Capital In The US (And What It’s Doing To Get There) – Inc.com
City Council’s 30-minute limit on public comment would be an insult to taxpayers – Opinion – Chicago Tribune
City watchdog offers Emanuel cost-saving ideas as dozens of union contracts expire – Chicago Tribune
The assessed value of residential properties in 50 suburban townships increased an average of 11 percent over the past three years. But the rise in assessments varies widely, from 32.7 percent for homes in Kane County's Plato Township to as little as 1.3 percent in Lake County's Antioch Township.
Chicago Teachers Union Pet: South Suburbs’ Hutchinson leads charge for CPS bailout – South Cook News
Supreme Court decision puts dent in ‘patent troll’ cases, may put companies on defense in Chicago court – Cook County Recod
In the week that ended May 13, buyers put 874 homes under contract in the city, according to data posted Monday by the Chicago Association of Realtors. (It's the latest week for which data is available.) The contract figure is on pace to end May as a record-setter. Both weeks of May have had more contracts than any week in March, which saw more contracts signed than any month going back to 2007. If the momentum continues through the later weeks of May, the monthly total will eclipse March's 3,141 contracts.