Day: November 11, 2017

Emanuel wants to raise restaurant permit fees and fines for building code violations – Chicago Tribune

November 11, 2017 No Comments

<img class="trb_em_ic_img aligncenter" title="Mayor Rahm Emanuel visits a unit in the Trianon Lofts. Mayor Rahm Emanuel helps open the Trianon Lo" sizes="(min-width: 1260px) 750px, (min-width: 1060px) calc(100vw - 559px), (min-width: 840px) calc(100vw - 419px), (min-width: 800px) 800px, 100.1vw" srcset="http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/350/350x197 350w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/400/400x225 400w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/450/450x253 450w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/500/500x281 500w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/550/550x309 550w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/600/600x338 600w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/650/650x366 650w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/700/700x394 700w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/750/750x422 750w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/800/800x450 800w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/850/850x478 850w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/900/900x506 900w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/950/950x534 950w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1000/1000x563 1000w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1050/1050x591 1050w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1100/1100x619 1100w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1150/1150x647 1150w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1200/1200x675 1200w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1400/1400x788 1400w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1600/1600x900 1600w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/1800/1800x1013 1800w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/2000/2000x1125 2000w, http://www.trbimg.com/img-5a0503ba/turbine/ct-1510278069-bq7erryvui-snap-image/2048/2048x1152 2048w" alt="Mayor Rahm Emanuel visits a unit in the Trianon Lofts. Mayor Rahm Emanuel helps open the

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Bloomberg article echoes our warnings about Chicago’s cash-for-body-parts financing

November 11, 2017 1 Comment

Read yesterday’s Bloomberg piece, “Bondholders Fret as Alchemy Turns Chicago’s Junk to Gold.” It’s about Chicago’s new sale of ownership to some of its future income. Bondholders will have a first claim to more than 90 percent of the approximately $715 million of sales-tax revenue collected each year, says Bloomberg. We wrote often about the legislative authorization for this as it, and similar proposals, moved through the General Assembly. Most recently, my article in Crain’s last month was about the same financing method. Too late now. Not mentioned in the article is that the legislation also made it mandatory for

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