McHenry County leaders want out of Northeast Health Region in Pritzker plan – Northwest Herald

“I’ve said that we’re all in this together, but at the same time, it doesn’t make sense for McHenry County to be held back if we’ve met all the requirements until the other counties in our region catch up to us,” McHenry County Board Chairman Jack Franks, D-Marengo, said. “Our families and businesses are suffering, and every passing day prolongs that suffering. More jobs are forever lost, more businesses shuttered, and more people losing hope.”

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Lightfoot’s Plan to Protect Affordable Housing with $3M Fund Advances – WTTW (Chicago)

The $3 million would come from the city’s Affordable Housing Opportunity Fund, which is fueled by the fees paid by developers under the Affordable Requirements Ordinance. The grants — or no-interest loans with deferred payments — are designed to make up for rent that residents were unable to pay during the pandemic or to pay for stepped up cleaning efforts to prevent the transmission of the virus, officials said.

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Virus Downturn Will Further Strain Troubled Public Pension Funds – Route Fifty

Comment: Note in particular the last column in their about the ratio of pay-go rate to current contributions. That means how much more would have to be paid to honor pensions if the pension runs out of money, which is when the government becomes directly liable for pensions. Chicago’s teacher pension, for example, would have to pay out about 1.5 times more than is currently being put into the pension each year.

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Taxpayers In America’s 10 Most Populous Cities Are Overburdened – Forbes

According to TIA’s analysis, “The City of Chicago has a Taxpayer Burden of $37,100, which is each taxpayer’s share of the city’s debt. Chicago taxpayers also pay taxes to the county and other underlying government units. If these debts are included, each taxpayer’s burden is $69,500. When state debt is added, each taxpayer has a burden of $122,100.”

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Fed Officials Warn of Risk of Business Failures on ‘Grand Scale’ – Bloomberg

Federal Reserve officials warned the virus outbreak and a partial shutdown of the U.S. economy would result in a decline in the current quarter of historic proportions and risk the potential of massive bankruptcies that could create a lasting scar.

“You will get business failures on a grand scale and you will be taking risks that you would go into depression” if shutdowns persist, Federal Reserve Bank of St. Louis President James Bullard said.

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Racism ‘influences who lives and dies’ from COVID-19 – Crain’s

African Americans make up less than one-third of the city’s population, but as of April 29, they accounted for nearly 3 out of every 5 deaths from COVID-19, according to the Chicago Department of Public Health. That translates to a death rate for black Chicagoans more than three times higher than that of non-Latino white residents.

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Murphy: Pritzker’s Plan Does Not Work For Springfield – NPR (Illinois)

Said Republican state Representative Mike Murphy of Springfield, “I’m glad he has a plan, a regional plan. I think we need to tweak it…I think having everything from, you know, Adams County all the way across to Vermillion County in the same region, I don’t think that works well. I think we need to look at it a little bit more of a micro-regional consideration.”

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