Friday, October 20, 2017

Illinois Highlighted Stories

Illinois Highlighted Stories Continued

Counterpoint by Leslie Munger: Updating antiquated systems will open door to transparency – State Journal-Register

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CPS lays off 186 teachers, staff from Chicago’s west side – Chicago City Wire

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Krug: Chicago, other contestant cities miss bigger point in hunt for Amazon HQ2 – Opinion – INN

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Few Illinois congressmen show eagerness to aid Chicago Stock Exchange sale – Crain’s

But Gov. Rauner urged the Securities and Exchange Commission recently to approve the sale of the Chicago Stock Exchange to a group that includes Chinese buyers, though his support may be too little too late.

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September jobs report: Declining job prospects and a shrinking labor force – Illinois Policy

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‘This will never, ever end;’ Chicago schools demand more even as they hemorrhage students – Chicago City Wire

Chicago Teachers Union press conference Comment: When we Tweeted "This will never, ever end" the Chicago Teachers Union favored it and retweeted it. Credit them with honesty.

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Global steelmaker to move U.S. HQ from Chicago suburb to Alabama – Birmingham Business Journal

SSAB Americas. 60 jobs.

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Illinois Designates 6 Sites as Statewide Enterprise Zones – A.P.

Comment: Instead of central planners picking particular localities, why not make the whole state an enterprise zone?

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Inside Illinois’ $16 billion backlog: What does the state owe your town? – Chicago Tribune

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Balanced budget deep in the red – News-Gazette

Comment: Yet another article showing no understanding of how deeply in the red the real budget is.

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Sources Say Amazon Incentives in the Ballpark of $2 Billion – WTTW

Chicago, Cook County and Illinois government are willing to shell out an incentive package worth around $2 billion in order to lure Amazon, according to two sources close to the bid process. That breaks down to around $1.6 billion in tax breaks and $400 million in infrastructure and capital spending around the project, the sources said. It is not known how the money is divided up between city, state and county, and over what period of time the incentives would be paid.

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Broken Illinois, Exhibit A: First Foxconn, now Toyota-Mazda … – Editorial – Chicago Tribune

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That U of I satellite campus plan is very much a work in progress – Crain’s

Comment: And it's not at all clear that much progress is being made. This announcement got lots of hype yesterday, but it was very...

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Comptroller Mendoza Op-Ed: Taxpayers deserve a better look at the state’s bills – State Journal-Register

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The End Of The Illinois Budget Impasse Didn’t End Agencies’ Problems – No. Public Radio

No surprise to readers here.

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Chicago not yet out of fiscal woods, rating agency says – Chicago Sun-Times

Not that anybody should care what ratings agencies say.

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Rauner’s $1.2B tech hub plan: Boon to city — or to re-election bid? – Chicago Sun-Times

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Rauner, Rahm pitch South Loop game changer, punt on details – Chicago Sun-Times

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Truth in Accounting’s opinion on the debt transparency act

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One federal tax change could determine whether Illinois sinks or swims – Illinois Policy

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Amazon headquarters: See the cities bidding for 50,000 jobs – USA Today

Comment: Yes, we have a chance and we should fight for it, but claims by some that "it's ours to lose" or "we deserve it" go way too far.

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Audio: Wirepoints Founder Mark Glennon on the Latest in Illinois, Chicago Fiscal Disaster – AM560

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Illinois Jobs Decline in September – IDES

10,800 nonfarm payroll jobs lost in just one month.

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Young laborers needed for skilled trades in Illinois – INN

Comment: It's absolutely true and has become a very serious problem -- lots of good-paying jobs going unfilled that people won't take.

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Illinois loses Toyota-Mazda plant because of right to work – INN

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Rahm’s World – Scott Stantis Cartoon

Rahm's world

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Country Club Hills Fire Department – Massive porn problem, sexual harassment should lead to terminations and criminal charges – Illinois Leaks

Comment: The whole town, Country Club Hills, is one massive investigation needing to happen, and it's a financial wreck. If we had an A.G. worth a damn she'd be all over it.

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What word did Emanuel use 31 times in his budget speech? – Chicago Tribune

Rahm Emanuel In recent years politicians have taken to using “invest” as a stand-in for “spend,” but Mayor Rahm Emanuel took it to another level during his Wednesday budget speech. The mayor deployed variations of the word no fewer than 31 times, according to his remarks.

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Fee Hikes, New Spending in 2018 City Budget – WTTW

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Little talk of school consolidation, overhead costs at first ISBE budget hearing – INN

Budget hearings have begun for the Illinois State Board of Education and, so far, most of the talk centered around additional funding, rather than ideas on how to control costs, such as consolidating districts or rolling back administrative expenses.

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