-- Connecting the dots between our economy, government and business --
UnitedHealthcare will stop offering Affordable Care Act plans in Illinois in 2017, the Tribune confirmed Tuesday. The departure of the insurance company will reduce the number of coverage options for consumers in 27 counties.
Case Shiller Chicago home price index for March released today has us in second to last place among 20 metro areas that they track, YoY.
A bill aimed at helping Exelon’s money-losing nuclear plants in the Quad-Cities and Clinton, Ill., likely won’t make it out of the spring session, but the company hasn’t yet confirmed it will close the two plants.
“We are closer to the other side of the shore from where we began,” Emanuel said. Rahm must have been confused — thinking about the Titanic, maybe. This bill clearly postpones funding and compounds the unfunded liability each year.
While Republican leaders are pushing for that measure to be approved by Tuesday night, Democratic leaders are saying that won’t happen.
$300 million delay per year is worth $18 billion additional cost, as Rahm apparently sees the world.
A settlement in a lawsuit against the city means Mayor Rahm Emanuel won’t have to testify about an alleged “code of silence” in the Chicago Police Department.
By: Mark Glennon* If you’re scratching your head about why public unions are thrilled with the override of Governor Rauner’s veto of SB777, which reduces taxpayer contributions in the near term for Chicago’s police and fire pensions, here’s why: Overlooked by our ace press corps is the funding guaranty in the bill. Starting in 2020, taxpayer contributions increase to whatever-it-takes, sky’s-the-limit, annual contributions sufficient to fund the pensions, and property taxes automatically increase to cover those amounts. The bill also mandates that revenue from any casino in Chicago go towards pensions. So, public unions are thinking
Chicago’s mayor and police and fire unions are pleased with Illinois Senate action to re-approve legislation for a five-year savings plan on pension contributions.
Not only does Illinois House Speaker Mike Madigan’s rush-job budget overspend by $7 billion, but it also does not even include appropriations to pay state workers.
“The Metropolitan Water Reclamation District of Greater Chicago lost one of its triple-A ratings because of the collective pension and debt burden of Chicago and the other local governments that share the same tax base.” Comment: Bingo. It’s the consolidated financial crisis that’s key. Perhaps the muni community is moving beyond its silo mentality.
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