Thursday, July 27, 2017

Illinois Highlighted Stories

Illinois Highlighted Stories Continued

What Illinois stands to gain from losing huge Foxconn factory – Crain’s

The Kenosha area is so near that there's a lot of potential for Illinois job-seekers and suppliers.

And the benefits Illinois derives from Wisconsin's deal comes without having to pay out a reported $3 billion in incentives.

"When you need that many people and a company ramps up as fast as Foxconn intends, it will be difficult for Wisconsin to meet all of their needs," Peterson said. "The reality is, it's a pretty short trip for people (who live) in Lake and McHenry counties, or even Cook. We have a lot of people that can benefit."

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

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

Lawmakers quickly adjourn 2nd day of school funding session – Associated Press

Comment: Senate President John Cullerton says he won't send the school funding bill to Rauner for his amendatory veto, which will have to be negotiated and voted on, until Monday. Why not now? Because.

ISBE Supplied Staffers DIY School Funding Simulator – NPR IL

Comment: Almost nobody knows where the dogs are buried in this bill, a monstrosity of unknown proportions, as we called it in our own article linked here. The few who may know can't be trusted.

America and the Foxconn Dream – Bloomberg

"Wisconsin is about to shell out as much as $3 billion for the privilege of luring Foxconn Technology Group. At $519 per citizen, it would have been cheaper to buy an iPhone for every man, woman and child in the midwestern state."

Berg: Illinois’ political machine is still humming – Illinois Policy

Madigan, Martwick and Mautino are cogs in a well-oiled political machine that continues to enrich Illinois' political class at the expense of taxpayers.

Foxconn To Get $230,000 In Incentives For Every Wisconsin Job Created – ZeroHedge

"Besides one's view on incentives - which ultimately have to be funded somehow by taxpayers - there is another potential problem: this is not the first time Foxconn has come out with bombastic promises to create US jobs, only to quietly reneg on its pledge."

Illinois colleges receive credit rating upgrade, but structural problems remain – Illinois Policy

Many reforms are still needed in Illinois higher education system despite credit rating affirmations and upgrades to seven Illinois universities.

Illinois General Assembly passes bill to restrict collection, use of geolocation data – Illinois Policy

Whether a new bill would actually strengthen privacy protections, or merely encourage lawsuits, burden businesses and suppress innovation are open questions.

No movement on 1st day of special session on school funding – A.P.

Comment: Expect that to continue. General Assembly leadership says "bailout Chicago or no school for kids everywhere."

Mr. Madigan, Mr. Cullerton, Wisconsin thanks you for blocking Illinois reforms – Editorial – Chicago Tribune

"We hope Michael Madigan and John Cullerton realize they've delivered more for the governor of Wisconsin than for the people of Illinois."

Taxes hiked, Democrats blamed, but how much will Republicans be boosted in 2018? – Cook County Record

“Mike Madigan can’t be defeated in his home district no matter how many negative ads the Republicans run,” Dick Simpson said. “They may be able to pick up a couple of seats in the House or Senate, but they can’t win a majority in either house because of gerrymandered districts.”

Parents could be held reponsible for gun-wielding kids – Chicago Sun-Times

Parents would be held responsible — and ordered to perform community service — for their gun-wielding kids under a crackdown proposed Wednesday to stop the bloodshed on Chicago streets.

Foxconn announces $10 billion investment in Wisconsin and up to 13,000 jobs – Milwaukee Journal Sentinel

The project could reshape the economy of southeastern Wisconsin and involve not just a large factory but a virtual village, with housing, stores and service businesses — spread over at least 1,000 acres. That acreage, an area totaling more than 1.5 square miles and could potentially could be assembled from parcels that initially weren’t contiguous, the source said.

At 20 million square feet, the factory would be three times the size of the Pentagon, making it one of the largest manufacturing campuses in the nation. It would initially employ 3,000 workers making an average of $53,900 a year.

Council unleashes North Side land rush despite infrastructure concerns – Chicago Sun-Times

The City Council on Wednesday seized what a North Side alderman called a development opportunity not seen since the Great Chicago Fire.

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