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“You will drop all your demands and accept what we offer. If you so much as blink, we will start from scratch with a new school district and run it as it must be. The old school district will be gone, you with it.”
Comment: Outrageous misuse for political grandstanding of taxpayer’s money held at the Treasurer.
Bloomberg’s tally included analysis by absolute net gain and loss of income: New York’s annual net loss was the highest, with a net $8.4 billion leaving the state. Exiting incomes of $19.1 billion were replaced by people who brought in $10.7 billion less in income. Illinois and New Jersey were next with net outflows of $4.8 billion and $3.4 billion, respectively.
Leaders of the Illinois Education Association were in Springfield this past week calling for more generous pension-spiking legislation that will drive the already badly underfunded Teachers Retirement System even deeper in debt.
Mayor Lori Lightfoot was warned Friday not to pile more “unfunded mandates” on Chicago businesses by raising the city’s minimum wage to $15 an hour or supporting a stalled ordinance that would guarantee employees more predictable work schedules.
The warning came from Aldermen Gilbert Villegas (36th) and Matt O’Shea (19th) who, in addition to being on Lightfoot’s leadership team, represent Chicago wards that border the suburbs.
Corporations have shifted their offices to downtown Chicago in unprecedented numbers, and once-stylish suburban luxury homes are derided as McMansions. Affluent people now show a well-documented preference for living in or near the city.
Data released on May 23 by the U.S. Census Bureau show 1,040 Illinois communities shrank from July 2017 to July 2018, with population decline affecting communities of all sizes relatively equally during the year.
Despite plans for new technology, the office still relies on a green screen computer mainframe. The system’s low-quality data is so outdated that investigators can’t calculate its precise age.
A new audit warns that a monumental and costly task is in store to reform the county’s troubled property tax system.
So if your legislators promise to “only soak the 3%,” remember:
Illinois and New Jersey.
The lawsuit could have much broader implications beyond Chicago. The co-plaintiffs, Grassroots Collaborative and Raise Your Hand for Illinois — a statewide coalition of parents who advocate for public education — are alleging that Chicago’s TIF system has subsidized projects benefiting mostly white, mostly high-income neighborhoods that don’t really need public subsidies for development.
Nuveen, a perennial bull on risky municipal debt, is planning a new fund to invest in state and local government bonds in distress, default or in bankruptcy, according to a securities filing.
“They teach contempt for the very economic system into which they are supposed to be teaching kids to function. They teach the most extreme brand of tribal politics to inflame racial divisions they exploit. They’ve been a blight on government at all levels by supporting machine hacks who pander to them.”
Illinois spends more on the typical student than the rest of the country, according to new figures released this week by the U.S. Census Bureau. And while it’s easy to say more spending on schools and teachers is a good thing, studies have been mixed on the effect public education spending.
Presented without comment.
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