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Comment: Can’t wait to see the opinion and the grounds. The statute seems clear.
It’s simple division. Divide the dollar size of our problems by the number of high earners. The numbers are preposterous.
Comment: We think the numbers are worse than indicated here, as reflected in our recent report.
State Sen. Napoleon Harris, D-Harvey, said he is considering introducing a measure amending the state law that requires the Illinois comptroller’s office to seize a municipality’s tax revenues when a community is delinquent funding pensions.
State Rep. Jeanne Ives, R-Wheaton, who traveled out of her district Monday to weigh in on Harvey’s pension crisis at City its Hall, held up the south suburb as an example of what could happen in towns across the state if pension reform isn’t enacted.
A House bill that would allow communities to consolidate local township governments has earned support from both parties – and the opposition of township officials.
The measure also requires prevailing wage to be paid at privately funded refineries.
Two weeks before Amazon executives pulled into Indianapolis on their tour of possible HQ2 cities, the state of Indiana decided to exclude internet-delivered software from sales tax. In Chicago, the public outrage among tech companies has receded into a resentment that still boils just below the surface. “The cloud tax is a thorn in the side for many Chicago tech companies and small businesses alike,” says Fred Hoch, executive chairman of the Illinois Technology Association, a trade group for tech companies. “It should go away. Indiana is thinking progressively.”
Comment: Allowing the option of Chapter 9 bankruptcy to Illinois towns and cities that might benefit is long overdue.
Illinois Treasurer Michael Frerichs is getting national headlines today on a matter he has no business whatsoever dabbling in — a matter on which he has no oversight and no accountability.
Facebook is still potentially on the hook for fines under a unique Illinois law of $1,000 to $5,000 each time a person’s image is used without permission.
Comment: This kind of thing doesn’t help U of I’s already declining application numbers.
Ted talks with Tom Miller of WJPF Radio to discuss Harvey and the possibility that hundreds of other cities across the state could have their revenues garnished to pay their public safety pensions.
You’d be mistaken to think Harvey, Illinois has a unique pension crisis. The mess is everywhere, from East St. Louis to Rockford and from Quincy to Danville. A review of Illinois Department of Insurance pension data shows that Harvey could be just the start of a flood of garnishments across the state.
By Wirepoints’ Mark Glennon
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