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It was sponsored by state Rep. Robyn Gabel, D-Evanston, one of the most wacked out lawmakers in Springfield. Among her other initiatives: wind turbines in Lake Michigan. via $600 million soda tax falls flat in House committee | Early & Often.
The index also showed that Chicago-area home prices rose 0.7 percent from February to March, reversing five consecutive months of declines. Still, prices remain 3.6 percent lower than their level in September, when prices were at their highest level during the previous 12 months. via Chicago-area home prices up 11% from last March – chicagotribune.com.
You “talk about taxes afterward,” said Cook County’s CFO. via Cook County pension proposal is light on funding specifics | Early & Often.
High-earners leaving Illinois in droves
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Increases in minimum wages appear to help some poor families escape poverty while having the perverse effect of dragging other families below the poverty line. http://chicagopolicyreview.org/2014/05/22/minimum-wage-increases-the-unintended-consequences/
The latest political power play at the Abraham Lincoln Presidential Library and Museum comes from Speaker Michael Madigan, who is pushing a plan to set up the center as a free-standing state agency despite opponents’ concerns it would become a patronage haven. Comment: Loved the Tweet about this story on the mock account, Pat Quinn’s Brain: “What a dick” Madigan is. http://www.chicagotribune.com/news/politics/clout/chi-madigan-makes-power-play-for-lincoln-library-and-museum-20140526,0,6402932.story?track=rss
A House committee has approved a plan to speed up hydraulic fracturing for oil and gas in Illinois. http://www.therepublic.com/view/story/5c91761d6fe54fbb98275d92b8aa0e38/IL–Oil-Drilling
Most young tech types don’t give a shit about it. They should. http://pointsandfigures.com/2014/05/27/the-pension-crisis-and-startups/
By: Mark Glennon* Sen. Terry Link, D-Waukegan, last week aired a plan to stabilize Illinois police and fire pensions, you might have read. It wasn’t. It was a stunt — an attempt to stop any reform of those plans, and it should have been reported that way straight out, as a plain fact. It was “a plan to shore up hundreds of pension funds that cover police and firefighters outside of Chicago,” as Greg Hinz at Crain’s described it; a “blueprint for stabilizing” those funds, as WBEZ called it; and a “first responder pension reform plan,” as Rich Miller
By: Mark Glennon* Our readership continues to grow nicely here at WirePoints, and you will be noticing the following changes: Nancy Mathieson joining as Contributing Editor. Nancy has a 30-year career in business, securities regulation and public policy. She was formerly a Director of Market Surveillance at the New York Stock Exchange, where she managed a professional staff in investigating for securities trading violations. Most recently, Nancy was Operations Director at Truth in Accounting, a Chicago non-profit whose mission is to promote transparency in government financial reporting. Nancy was an officer of the National Investor Relations Institute (NIRI)
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