July 17, 2014 | Wirepoints

“Global Warming Threatens Chicago Tourism” – Really? – WP Original

July 17, 2014 2 Comments

A travel and tourism adviser to the U.S. Commerce Secretary says global warming is hurting Chicago tourism.

High court declines to hear term limits direct appeal – Tribune

July 17, 2014 No Comments

http://www.chicagotribune.com/news/local/breaking/chi-high-court-declines-to-hear-term-limits-appeal-20140717,0,5821667.story?track=rss

Media Coverage One-Sided on Rauner Donors vs. Quinn Donors – Illinois Mirror

July 17, 2014 No Comments

Any time Citadel hedge fund manager Ken Griffin cuts a check for the Rauner campaign, it causes a commotion everywhere from broadcast TV news to print media. However, as Reboot Illinois has reported, nine of Quinn’s top ten donations have come from public sector unions and PACs. Beyond Reboot Illinois, the only other media entities to shed light on Quinn’s donors have been Crain’s Greg Hinz and the Chicago Sun-Times. http://www.illinoismirror.com/media-coverage-one-sided-on-rauner-donors-vs-quinn-donors/

Illinois unemployment rate down for June, but fuller numbers tell different story – Reboot

July 17, 2014 No Comments

http://www.rebootillinois.com/2014/07/17/editors-picks/kevin-hoffmanrebootillinois-com/illinois-june-unemployment-rate-falls-statistics-tell-different-story/20854/

Identity fraud on the rise in Chicago? – FOX Chicago

July 17, 2014 No Comments

A new study done from the National Consumer League finds that Chicagoans need to do a better job to protect their personal information. http://www.myfoxchicago.com/story/26039057/identity-fraud-on-the-rise-in-chicago

NRI witness testimony before lawmakers postponed until Oct. 8 – Early & Often

July 17, 2014 No Comments

http://politics.suntimes.com/article/springfield/live-blog-debate-continues-hearing-witness-testimony-nri/thu-07172014-305pm

Paying off unfunded state liabilities would take almost on year of average taxpayer earnings – Truth in Accounting

July 17, 2014 No Comments

http://www.statedatalab.org/chart_of_the_day/

Has S&P Been Exaggerating Local Governments’ Stability? – Governing

July 17, 2014 No Comments

Comment: They certainly have. Ratings agencies are mostly staffed by people who want to be doing something else within a few years. They have a strong incentive not to rock the boat of the sell-side machine that dominates much of finance. http://www.governing.com/topics/finance/gov-analyst-questions-sps-local-government-credit-ratings.html

Rauner releases “Bringback Blueprint” for Illinois – full text here

July 17, 2014 No Comments

Freeze property taxes; expand sales tax to services; eliminate 67% income tax hike, and more.

Is amending the constitution viable for reforming Illinois pensions? – Pension360

July 17, 2014 No Comments

http://pension360.org/whats-next-for-pension-reform-in-illinois/

Foreclosures fall nationwide, but on rise in Chicago – Tribune

July 17, 2014 No Comments

http://www.chicagotribune.com/business/breaking/chi-foreclosures-chicago-20140716,0,1686856.story

Elgin taxpayers contribute almost 3 times more to pensions than city employees – IPI

July 17, 2014 No Comments

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COFGA’s fiscal year-end report on state revenues

July 17, 2014 No Comments

For wonks who want details, the Illinois Commission on Forecasting and Governmental Accountability provides monthly reports. http://cgfa.ilga.gov/home.aspx

Chicago selects sister cities – WBEZ

July 17, 2014 No Comments

It turns out Chicago has the most active sister city program in the country, and it receives at least one request every week from someone hoping to join its global family. http://www.wbez.org/series/curious-city/sister-cities-chicagos-international-family-110498

Sure, tax inversions squeeze Uncle Sam, but what about Illinois? – Crain’s Chicago Business

July 17, 2014 No Comments

Companies including AbbVie, Walgreens and Horizon Pharma are pursuing or considering inversions because the potential federal tax savings could run into the billions. But what about Illinois? Any action that reduces a company’s federal income tax liability ought to cut its state income tax bill. http://www.chicagobusiness.com/article/20140716/BLOGS10/140719880/sure-tax-inversions-squeeze-uncle-sam-but-what-about-illinois#

TIF revenue down overall; South Side tax district expands rapidly – Early & Often

July 17, 2014 No Comments

Cook County Clerk David Orr says the way Chicago mayors have spent TIF revenue should grab your attention. “It’s a tool — it’s a way to raise money,” Orr said. http://politics.suntimes.com/article/chicago/tif-revenue-down-overall-south-side-tax-district-expands-rapidly/wed-07162014-320pm?utm_medium=twitter&utm_source=twitterfeed