Day: September 6, 2016

Civic Federation questions Emanuel’s utility tax plan – Chicago Sun-Times

“The Civic Federation will not be convinced until we see the full actuarial analysis that proves it will be enough to stabilize this fund going forward. The city should get that analysis and share it publicly.” Comment: Hello, reporters, why don’t you demand they be published, too? Instead, we’re routinely asked simply to believe what Rahm and others claim. As we wrote recently, “just publish the damn actuary reports.”

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Black studies struggle at state universities under current fiscal climate – Chicago Tribune

“It’s not just an African-American studies fight. The humanities and social sciences all feel like we’re under attack in this environment where universities tend to have a business mentality in the ways they look at higher education now,” says an associate prof at Chicago State. Comment: That’s as it should be. Scrutiny of liberal arts programs to weed out the BS and indoctrination is decades overdue.

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New state- and city-run retirement savings plans – for the ‘private’ sector? – Truth in Accounting

The US Department of Labor recently passed new rules allowing states to establish new retirement savings plans for people working in private-sector jobs without retirement plans. These new rules reportedly also allow cities to do similar things. So far, eight states have established plans like these. They are California, Connecticut, Illinois, Massachusetts, Maryland, New Jersey, Oregon, and Washington.

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Small biz centers closing because of state budget woes – Crain’s

Springfield’s fiscal mess continues to rack up victims: small business development centers on college campuses around the state, which are shutting their doors or retrenching because of funding shortfalls. About a quarter have closed, the latest at Governors State University in south suburban University Park, which is going the way of other abandoned locations at Joliet Junior College, Illinois State University in Normal and Waubonsee Community College in Aurora.

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Elite Payton College Prep H.S. shows off new $20 million annex – Chicago Sun-Times

When students report for the first day of class Tuesday, they’ll find a spacious cafe, third-floor gym, black box theater, mirrored dance studio and more than a dozen additional classrooms in a bright new space at 1034 N. Wells St. “We have to guarantee one thing to parents: quality,” said Emanuel, who’s determined to keep white middle-class families from fleeing to the suburbs as their children approach high school age.

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Vote No: Bulldoze Illinois’ diabolical ‘Safe Roads Amendment’ – Chicago Tribune

The stated aim of the amendment — it’ll be on your Nov. 8 ballot — is to prevent state and local governments from using transportation revenue for non-transportation purposes. Sounds fine, to a point. But the diabolical effect is that contractors, and the unions whose members they employ, would have constitutionally guaranteed dibs on future billions of state and local revenue dollars.

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Chicago’s ‘tax tsunami’ builds as waves of new taxes hit – Loop North News

The “tax tsunami” that is hitting Chicago property owners and renters is not only about the rising real estate taxes and new utility tax on water, sewer, and garbage collection. It really is about the massive, newly approved $5.4 billion Chicago Board of Education budget that relies on a trio of new real estate tax hikes that will come like waves of a tsunami.

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