Illinois bond conduit’s slate is full amid tax reform threats – The Bond Buyer

The Illinois Finance Authority board is expected to clear $1.26 billion of deals at its meeting Thursday as borrowers rush to market ahead of federal tax legislation that is likely to end advance refundings and might strip not-for-profits of their tax-exempt borrowing powers.

The IFA is the state’s primary avenue for nonprofits, such as hospitals, private universities, cultural institutions, housing groups, and charter schools, to access the municipal market.

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A Primary Challenge to a Right-Wing Democrat in Illinois Divides the Resistance – The Intercept

Late last month, a group of five national progressive organizations announced their support for Marie Newman, a Democrat running for Congress in Illinois. Nothing unusual there: Newman is a down-the-line progressive on everything from economic populism, immigration, LGBT rights, gun violence and a woman’s right to choose.

What made the move so unusual is that there is already a Democrat safely in the seat – Dan Lipinski.

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GOP tax overhaul will hit these Chicago-area home values hardest – Crain’s

Home values in several Chicago-area counties would take some of the biggest hits in the nation under the tax rewrite in front of Congress, according to a national forecast.

Lake, McHenry, Will and DuPage are listed among the 30 U.S. counties that will lose the most potential growth in home values if the tax package goes through, according to a report released last week by Moody’s Analytics.

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Illinois: Beware a junk bond rating – Wirepoints Original

Moody’s wants to update its rating methodology to increase the influence that debt and pensions have on the overall ratings of state governments. That’s bad news for Illinoisans and the state’s economy. Illinois’ credit is already just one notch above junk – the worst of any state.

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Teachers’ union to Rauner: Thanks for the money, now we’re endorsing your opponent – Updated – Quicktake

Still largely unnoticed is that the new school funding formula provides an additional $350 million for schools every year for ten years. Governor Rauner generally supported that and now often lists it among his successes. His amendatory veto of the bill targeted only the out-sized share Chicago got. It’s a blue state so you have to throw some big bones to the other side if you want to win — that’s the defense often put up in Rauner’s behalf. On Saturday we got one indication of whether that will work. The Illinois Federation of Teachers endorsed J.B. Pritzker. They didn’t

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Illinois drops predictive analytics for at-risk children — GCN

Rather than help evaluate risk to children, the system overwhelmed caseworkers, flagging 4,100 children as facing a 90 percent or greater probability of death or injury. And it did not predict deaths of children who had been subject of several abuse investigations, according to the Tribune.

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Chicago police union official blasts $31 million wrongful conviction settlement as part of ‘cottage industry’ – Chicago Tribune

“What is happening in this city is that the civil rights lawyers have carved out a cottage industry in the name of wrongful convictions,” Preib told aldermen. “They look to this chamber as their blank check. Their playbook is simple: they claim police misconduct, get the prosecutors to exonerate, draft a willing media and then manipulate the citizens of Chicago out of their tax money.”

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