-- Connecting the dots between our economy, government and business --
A bungle like approving the Corliss Avenue deal can cause public support to flag. The deal never should have happened. Not only should the county probe what happened in that case, it should conduct a deeper dive into the agency to see if any other too-cozy deals have escaped scrutiny. And it should set in place reforms that ensure public trust in the land bank doesn’t get undermined again.
If other states’ recent tax votes are any indication, Pritzker’s proposal could be a tougher sell than he thinks.
Comment: If Senator Terry Link indeed was wired or is singing, he would be a gold mine for the feds. Link has long been a go-to guy for public unions. Link has denied any cooperation wit the feds.
Dr. Nerissa Brown of the University of Illinois at Urbana-Champaign Gies College of Business analyzes the effects of political corruption on firm value. She and her colleagues found that in districts with high level of corruption, the value of firms in those areas declined by 4%.
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Preliminary reports from Illinois’ state actuaries show the state’s pension shortfall worsened to a record $137 billion in 2019. The data also shows the state’s total pension costs in 2019 exceeded $10 billion, the first time in state history.
Illinoisans outside Chicago may be laughing at the city’s reckless new contract with its teachers, but the real joke is on them.
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