-- Connecting the dots between our economy, government and business --
Illinois’ more than 200 hospitals and nearly 50 health systems generate a total impact of $88.8 billion annually on the state’s economy, according to a new report, “Illinois Hospitals and Health Systems $88.8 Billion State Economic Impact” releases recently by the Illinois Health and Hospital Association (IHA).
As expected. Likely to go up on appeal however the trial court rules. Fortunately, it’s in Federal courts where it belongs.
“Not only do these judges benefit from the redistribution of taxpayer wealth, they also rule in their own favor to protect the Illinois pension cabal when practical, necessary reforms are challenged in the courts.”
Comment: The real focus has to be on ending the heroin epidemic. It’s not just a humanitarian crisis but an economic one, at the core of gang violence and soaking up social service spending. Chicago is the distribution center for heroin coming out of Mexico and that’s another reason why the border must be enforced.
Though neighboring and Great Lakes states added a combined 200 factory jobs per workday on net in 2015, an average of 56 Illinois manufacturing workers, on net, received pink slips each workday during the same time.
“We have a duty to evaluate what’s going on in that school district, learn the facts and then decide what’s appropriate action to take,” said Rauner.
Comment: Orrick is a leading California law firm. Municipal bankruptcies are not yet authorized for Illinois, but, if that happens, most of this would apply.
Mayor Rahm Emanuel touted improving graduation rates as he campaigned for re-election last year. But an investigation by WBEZ and the BGA found that graduation rates were inflated, because many principals were regularly labeling students as transfers out of the district when they should have been classified as dropouts. In response, CPS went back and scrutinized who had been counted as a transfer in the past.
You might be surprised to learn that about 70% of the budget for Catholic Charities of Chicago comes from government funds, which are derived in turn from taxes. The developing fiscal crisis in Illinois may illustrate some of the risks in relying on government money for charity.
The Chicago “doctorpreneur” has assembled a group of about 30 physicians to fund health care-related startups at the earliest stages. His pitch is simple: Doctors generally have capital and need to diversify their finances beyond their own practices and the stock market. Meanwhile, one of the biggest barriers for health care entrepreneurs is finding investors comfortable enough with the sector.
Comment: This is about Batnick’s plan to give retirees the option to immediately receive 75 percent of what the state expects they’d earn through their pension over the rest of their lives — which is too high to work.
By: Joe Mathewson* Chicago Public Schools’ desperate and very costly quest for buyers of its recent $725-million bond issue (cut from $875 million) is a harbinger of peril ahead, not only for CPS but for the City of Chicago and other Illinois local governments and special districts relying fatuously on borrowing to pay current expenses. If the Illinois legislature finally passes a pending bill permitting municipalities and special districts to seek relief in U.S. Bankruptcy Court, there might be a parade of them knocking on that door. They’d be well received, for Chapter 9 of the Bankruptcy
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER