New warning from S&P for Chicago: Read it carefully – WP Original
Serious as next year’s problem is, the statement contains a much starker warning for the longer term. It quantifies just how far off Chicago is from addressing its pension crisis.
Serious as next year’s problem is, the statement contains a much starker warning for the longer term. It quantifies just how far off Chicago is from addressing its pension crisis.
http://www.reuters.com/article/2015/02/25/us-usa-politics-chicago-garcia-idUSKBN0LT29020150225
http://new.livestream.com/accounts/10387990/events/3838929/videos/78315681
http://www.bnd.com/2015/02/25/3680295_madigan-education-groups-renew.html?rh=1
http://www.illinoisinnovation.com/innovation-index/analysis-finds-alignment-federal-funding-academic-science-technology-rd-research-quality-output-illinois/
http://tucson.com/ap/commentary/reversing-course-in-illinois-with-a-republican-governor/article_abb5ac52-41e4-54b0-977e-ce507ef9f4a9.html
Last year, 296 towns imposed a sales tax on top of the state’s 6.25 percent. And elected officials in 173 of those towns have the authority to raise sales tax rates without asking voters for permission (“home-rule” powers). There’s no cap on local sales tax rates for home-rule towns. http://m.dailyherald.com/article.html#!/102210/2a71ff57aeb063f632a7268549d32f3f
Chicago Board of Education members are expected to vote on a measure providing for up to $300 million in bonds for recent projects and about $400 million more to restructure existing loans. A spokesperson said said the district will use the $400 million worth of refinancing to lower its borrowing costs. http://www.chicagotribune.com/news/watchdog/cpsbonds/ct-cps-new-bonds-met-20150225-story.html
http://www.usatoday.com/story/news/nation/2015/02/25/wisconsin-right-to-work-legislation/23982419/
The Illinois Board of Higher Education instructed state universities to plan for a 20 percent reduction in state appropriations — about $40 million to Univ. of Illinois Chicago. http://news.uic.edu/rauner-calls-for-209m-cut-to-u-of-i-budget
http://illinoiselectiondata.com/projects/2015LiveResults.php
http://www.politico.com/story/2015/02/rahm-emanuel-chicago-mayoral-election-2015-runoff-115481.html
It’s certainly not uncommon for local governments to post promotional videos to YouTube to tout new programs, highlight events or feature interviews with public officials or department employees. http://www.govexec.com/state-local/2015/02/local-government-drones/105999/?oref=state_and_local_nl
Gov. Bruce Rauner’s decision could affect how much you’re paying for electricity. A current bill allows Ameren and Commonwealth Edison to continue asking customers to pay for upgrades to the electric grid. http://wuis.org/post/first-bill-land-rauners-desk-presents-potential-political-legal-issues
Quincy could see its revenue reduced by 6 percent if a proposal by Gov. Bruce Rauner to cut the state’s portion of shared income tax revenue with cities and counties is approved by the General Assembly. http://www.whig.com/story/28182320/moore-city-needs-to-plan-for-worst-case-scenario-on-budget
The Case Shiller Chicago numbers show that we barely eked out home price appreciation last year. In fact, Chicago was in last place for year over year home price gains across 20 metropolitan areas. http://www.chicagonow.com/getting-real/2015/02/case-shiller-chicago-home-prices-eke-out-gain-for-2014/
Baxalta, an upcoming pharmaceutical spinoff company from Baxter International, has chosen to locate its headquarters in suburban Bannockburn. http://www.bizjournals.com/chicago/news/2015/02/24/baxalta-a-baxter-spinoff-chooses-bannockburn-for.html
http://globaleconomicanalysis.blogspot.com/2015/02/uneven-housing-recovery-in-pictures.html
http://www.chicagotribune.com/bluesky/originals/chi-matter-illinois-telehealth-initiative-bsi-20150224-story.html

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