Monday, September 25, 2017

Why that municipal bond purchase by Illinois Treasurer makes me nervous

The Daily Herald reported today on Illinois Treasurer Mike Frerichs boasting about his purchase of a new issue of Kane County forest district bonds...

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$350 million indeed just a ‘down payment’ on new school funding bill

Read Thursday's WBEZ article on what they correctly call the "down payment" we'll be making this year under the new school funding bill. Most people...

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New Census Bureau data show Illinois income growth still lagging national average

The Census Bureau today released its numbers on household income for 2016. Nationwide, median household income increased a respectable 2.4%. For Illinois, the increase...

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Huh? Martire is president of a school board that gives 100% pension pick-up — and hides it?

The thing about writing about Illinois government, particularly pensions, is that you're forever discovering new things that make your jaw drop. I only recently learned...

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Kudos to the IL Dem who saved Columbus Day in Illinois

It appears we have somebody to thank for saving Columbus Day in Illinois -- Rep. Tony DeLuca of Chicago Heights. See the article linked...

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Note To Readers — A Couple New Features

By: Mark Glennon* Our readership continues to grow rapidly. Thank you. We've added a new section at the top right for our quicktakes on major daily...

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Wow, a few progressives figure out what’s regressive

You read that headline right on the posted article: "Citing social equity issues, Illinois utility seeks to cut efficiency targets." It's about the Future Energy...

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Easy on the Amazon hype

What's up with Chicago's approach to luring Amazon's new 50,000-job second headquarters? Rahm apparently knew about it well before the stories broke yesterday and...

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CTBA’s latest spin on Illinois’ out-migration

The Center for Tax and Budget Accountability has a piece out today linked here challenging the "narrative," as they call it, about shrinking Illinois...

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Recent Glennon Quicktakes

Detroit to Amazon: Forget Chicago, we’ve already been bankrupt.

"Unlike so many other communities, we've cleared our legacy costs," said Eric Larson, CEO of the Downtown Detroit Partnership. "You think about Chicago, which...

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More lawmakers like this, please

Columnist Rich Miller wrote that he noticed Rep. Jeanne Ives (R-Wheaton) doesn’t have a legislative district office, which is unusual, so he asked her...

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Recent Wirepoints Originals

That Puerto Rico Bankruptcy Ruling Will Have Implications for Illinois – Wirepoints Original

Dry stuff for some, but this will be critical in Illinois, sooner or later.

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School Board OKs 100% Teacher Pension Pick-Up; Board President Is Leading Union Activist – Wirepoints Guest

But the new teachers' contract sure hides it well.

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Is Illinois’ New Budget Balanced? Oh, Please. – Wirepoints Original

Remember the surge of relief in early July when so many celebrated passage of a "balanced budget"? Well, never mind.

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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?

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.

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.

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.