IMRF. We will be writing about the implications of this shortly.
Instead of directing their concern at the person who actually oversees CPS, U.S. Sens. Dick Durbin and Tammy Duckworth sent letters to U.S. Secretary of Education Betsy DeVos and Illinois schools Superintendent Tony Smith expressing their alarm and requesting more data collection at federal and state levels. By threading the needle carefully, they honed in on narrow aspects of the Tribune’s investigation that touched on state and federal data collection and transparency, not CPS’ failures.
-0.9% over the past year.
The shame. The shame.

Mayor Rahm Emanuel wants to turn the screws a bit more on people who rent homes or rooms through Airbnb and other online platforms, calling for a new 2 percent fee to go toward adding shelter beds for domestic abuse victims.
The board unanimously passed a resolution Tuesday calling for the state of Wisconsin to reconsider the waiving of environmental regulations when providing various incentives for the Taiwan-based maker of liquid-crystal displays, such as those used in some flat-screen TVs, as well as other electronics.

“[State government is] handing out the perks and getting all the stardom with police officers and firefighters unions, but then they hand the dinner check to us,” said the mayor.
If you want to understand Illinois’ corrupt budget making process, look at how lawmakers just “cleaned up” some unaccounted-for budget deficits. In the blink of an eye, Illinois politicians made $1.2 billion in deficit spending disappear. There was no debate needed over how to fund it. In fact, pols didn’t need to find any actual cash to pay for it at all.
Riverdale, Illinois is in line to sell off its share of state income tax coming from the state of Illinois as part of an upcoming $10 million bond offering. It’s the third Illinois municipality to use the new authority given by the state last year to sell its ownership in future tax revenue to a separate entity, which will hold that money to ensure repayment of the bonds. The new structure is carefully designed to ensure that, even in bankruptcy, the bank — bondholders — gets paid no matter what the consequences. We’ve written often here criticizing this new structure.

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