Intergenerational Theft: Illinois Teacher Pension Debt Per Student Rivals College Loan ‘Crisis’ – WP Original

  By: Mark Glennon*   Illinois is among the worst states in the college student debt “crisis,” as it’s often called. Per student college debt here averages $28,543, according to the Institute for College Access & Success.   But look at unfunded teacher pension liabilities on a ‘per student’ basis and you get about the same. That’s the calculation made for all fifty states by the National Council on Teacher Quality in a report earlier this year. Illinois is the very worst by that measure: $27,022 of unfunded teacher pension debt per student, according to the report (p. 78).  

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Chicago property tax hike hits businesses hard – Crain’s

At the Wieners Circle in Lincoln Park,  the restaurant’s total tax bill would climb about $3,197 after the increase is phased in over four years, equivalent to 750  sandwiches. “That’s a lot of hot dogs,” says the owner. At 155 N. Wacker Drive taxes would leap nearly $2.2 million, to more than $14.3 million, Crain’s estimates. Taxes would shoot up to $12.44 a square foot from $10.54 at the nearly 1.2 million-square-foot building. That’s the equivalent of nearly 5,500 hours of work for the consultancies and law firms that occupy the structure, assuming an hourly rate of $400. On the

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Rauner’s new, winning message focused on public sector unions – Greg Hinz – Crain’s

“Bruce Rauner finally seems to have come up with a reform message that could resonate in this Democratic blue state. The message is clear and direct and has more than a little truth to it: Government unions are getting rich off of you and your kids and need to be reined in before your property taxes go through the roof. Comment: Certainly is a good way to put it, and Rauner needs to be saying it that way. His messaging has been poor though his positions are right. He needs crisp lines like that explaining his reasoning.

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Illinois elections have shades of old Soviet Union – Reboot

Only 39 percent of all Illinois legislative candidates faced an opponent in the general election. That means more than 60 percent of the time, voters don’t have a choice on who to vote for. How does Illinois stack up? Michigan rated 100 percent in contested races, with every 2014 legislative district fielding at least two major-party candidates. And California and Minnesota had competitive races in more than 90 percent of their legislative districts. Illinois, on the other hand, ranked in the bottom fifth for competitiveness. Thanks to rigged maps, incumbents choose voters; voters don’t choose candidates.

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South Side story: Chicago’s urban renaissance – USA Today

The South Side of Chicago has had a reputation for being gritty and crime-infested, but many of its neighborhoods are evolving into vibrant communities that are drawing people from the usual attractions downtown. “The whole South Side gets labeled as the dangerous section of the city and that’s just not the case.” Comment: Dat’s duh troot.

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Hillary Clinton Proposes HFT Tax; “Hillarity Ensues” – Themis Trading

Hillary Clinton is gambling that your memory is so short-term, that you won’t remember the Chicago fundraising dinner thrown for her earlier this summer by Chopper Trading founder Rajiv Fernando. Be certain. Be appeased. High-five yourselves, just like Clinton and Emanuel always do. There will be no trading tax imposed on high speed trading firms.

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