Don’t be surprised if Illinois politicians say they want to pursue yet another bad borrowing idea in the near future. This time the excuse won’t be to pay off pensions. Instead, it will be for health insurance benefits owed to government retirees.
A report released this week by Cook Country Treasurer Maria Pappas isn’t getting the attention it deserves in the regular press.
If they have an excuse for this, none is apparent, and we can’t think of one.
The billionaire acknowledged he was eyeing New York but said that’s a lot less likely since the city’s Amazon HQ2 loss. The question now: Is he still looking to make a move?
A splendid chance to remedy a monumental educational failure.
Comment: If there’s anything rating agencies love it’s higher taxes. Well, actually, they also love getting hired and paid by the governmental units they’re supposed to be rating objectively.
Bragging about buy-at-home procurement.
“[T]he Civic Federation has not been able to replicate the $3.4 billion number and the Governor’s Office has not yet provided information about the methodology used to arrive at the figure.”
It’s not just high taxes; it’s lousy services, too.
Comment: “We’ve re-written the bill to make sure that even if they have a footprint here and they clear their trades in New Jersey, they will be responsible,” a supporter says. Swell. They won’t even keep a footprint here.
Comment: Count one side of the equation and ignore the other.
Preckwinkle is advocating for a rent ceiling; Lightfoot, not so much. In this race, that could be decisive.
Joined by more than 100 cheering and laughing high school students, educators at the Chicago High School for the Arts rallied after school Monday to call for higher wages, more money for classroom supplies and pension contributions.
Kentucky and Illinois are weighing extreme options to reduce their pension debt — but critics say they could ultimately cost the states more.
“… [W]e find that increases in corporate tax rates have a statistically and economically significant negative effect on employment among start-up firms. Specifically, for every one percentage point increase in the corporate tax rate, employment in start-up firms declines 3.7 percent.”
Comment: Should be a no-brainer — an ostrich with head in the sand.
Comment: A staggering new debt study by the Cook County Treasurer.

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