University of Illinois plans public-private Chicago innovation center with Rauner backing – Chicago Tribune
Class action seeks to force Cook County to pay property tax refunds owed to payers who won appeals – Cook County Record
The soda tax was repealed, but Cook County still has to find a way to fund the government – The Reader
Cook County taxpayers could be on hook for back pay in fired sheriff’s deputy cases – Chicago Tribune
With an exception or two, the Democratic candidates for governor had a grand time yesterday bashing Amazon the evil and deploring the possibility that the city and state might offer the company big to enormous incentives.
I understand the sentiment—and, to a degree, share it. Under banners that declared "our revolution," the wannabe guvs were talking to a progressive audience at an event hosted by the Chicago Teachers Union. In that crowd, terms like "corporate welfare" are so much mother's milk.
Cook County’s pension system hands out early retirements, multimillion-dollar benefits – Illinois Policy
Included as possible cuts: the closure of some county health clinics, "reduction of services at or closure of Provident Hospital or the Oak Forest Health Center" and possible "downgrading our Level 1 trauma center at Stroger" Hospital. Also, she warned, a recent cost-saving reduction in the inmate population at the jail, from 10,000 to under 7,500. And equally in jeopardy is "our ability to send out property-tax bills on time."
Chicago hotels would be required to provide portable “panic buttons” to workers like housecleaners who venture alone into guests’ rooms, under a plan aldermen advanced Monday. – Chicago Tribune
Northwestern University offering $500 million of top-rated taxable paper – The Bond Buyer/SourceMedia
With state grants flowing, Chicago Public Schools ready to pay off GANs – The Bond Buyer/SourceMedia
In Chicago, where home values still are 30 percent below their 2006 peak, "sluggish employment and lackluster economic and income growth hinder the recovery of broad-based demand in the housing market," according to the Global Real Estate Bubble Index for 2017, published by UBS Wealth Management's chief investment office.
UBS expects home price growth in the Chicago area "to lag behind the national average in coming quarters."
IL Supreme Court: Lawyers can be sued for ‘reverse redlining,’ but A/G overstretched discrimination case – Cook County Record
But don't pop the bubbly just yet.
Regarding that Civic Federation report linked below on property values: Compared with 2006, the total value of all property in the county was still down $137 billion, or 20.57 percent, in 2015.
The decline was steepest in the southwest suburbs (29.7 percent), and the smallest drop-off was in the city of Chicago (15.7 percent). The northwest suburbs were in the middle, at 22.3 percent.
Industrial properties took the biggest hit: Value there was off 54.5 percent over the decade. The commercial sector was down almost as much, 40.8 percent.
390 of the local governments in the northeastern Illinois region are general purpose and 893 are special purpose units of government.That's 1,283 total units of government just in northeastern Illinois!
New Chicago Police Oversight Agency to Begin Operations
Former school official in Chicago suburbs charged in case centered on bond proceeds – The Bond Buyer/SourceMedia
Rahm Emanuel comes to Haifa, Tel Aviv and Beersheva to ink agreements with two Israeli universities and the city of Tel Aviv.
Former school official in Chicago suburbs charged in case centered on bond proceeds – The Bond Buyer
What the New Illinois School Funding Formula Means for Chicago Public Schools – The Civic Federation
10 Months After Rahm Promised 1000 More Cops, Chicago Had Gained 37—Most Districts Have LOST Officers – CWB Chicago
The late-August news that a statewide school-funding bill comes with authority for a $125 million property tax hike in Chicago is just one more straw added to the back of a slow-moving camel that's also known as the luxury home market.
That's the consensus of several agents and others who deal in high-end homes. Although none said this is the straw that will break that camel's back, some said it will further slow down sales and dampen buyers' enthusiasm for big-ticket purchases.