Several south and southwest suburban school districts are in line to receive millions of dollars in state grants, provided they abate similar amounts in property taxes, according to the Illinois State Board of Education. They’re eligible for Property Tax Relief Grants, part of the state’s reworking of how the state funds public schools, but as the name implies, the grants require districts to provide tax relief to taxpayers in their districts in the form of property tax abatements. In announcing the 28 eligible districts for the initial round of grants — future grants will depend on the General Assembly setting

“The joke among developers is that we’re all going to have to start meeting in saunas, because everybody’s worried about who’s going to be wired up,” said one longtime Chicago commercial developer, who asked to remain anonymous.

…as Chicago is claiming.

Comment: You gotta love how pensions, the existential threat to the city, aren’t even a campaign issue for some, including Preckwinkle, Mendoza, McCarthy, Lightfoot and Enyia.

An actuary’s perspective.

“As frigid, killing cold besieges Midwestern cities such as Chicago, newspapers, and pundits repeat this foolishness that the warming climate is responsible for this record cold snap.”