Pritzker wants state COVID-19 relief package; calls for federal help – State Journal-Register (Springfield)

State lawmakers are facing at least $4.2 billion lost in revenues for the upcoming budget, which kicks in July 1, and about $2 billion lost in the current budget, leaving the uncertainties to Washington, D.C. “We need to rely upon the federal government and its support for all the states in order for us to provide the services the people need,” Pritzker said in his daily briefing Wednesday.

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Public pension-fund losses set record in first quarter – Wall Street Journal

Public pension plans lost a median 13.2% in the three months ended March 31, according to Wilshire Trust Universe Comparison Service data released Tuesday, slightly more than in the fourth quarter of 2008. March’s stock market plummet led to the biggest one-quarter drop in the 40 years the firm has been tracking. “It was a horrible quarter for all public funds,” said Chicago Teachers’ Pension Fund Investment Chief Angela Miller-May.

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“Illinois politicians can keep playing games as long as the market keeps bailing out the state. But when the market stops, the choice is chaos or reforms.” – Ted on AM 560 Chicago’s Morning Answer

Ted talked about the impact of Illinois delaying its latest bond offering and the fact that nearly half of COVID-19 deaths in Illinois are linked to retirement homes. “As long as the market or federal government keeps bailing out Illinois, politicians can keep playing games. But when that stops, the choice is chaos or reforms.”

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Real estate prices defy the crisis – Crain’s

Not only have Chicago-area home prices continued going up throughout the first several weeks of the shutdown, but several signs point to further increases in the coming weeks and months. Among them: a steady increase in the number of property showings, an ever-tighter inventory of houses for sale in the city and real estate agents’ reports of homes getting multiple offers.

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Metro East legislators urge Gov. Pritzker to move region to next phase of recovery plan – KSDK (Edwardsville))

Senators Rachelle Crowe and Christopher Belt and state Representatives Monica Bristow, Katie Stuart, Jay Hoffman, LaToya Greenwood and Nathan Reitz issued a letter to the governor: “We also propose that our region move to the next phase this Friday, May 15, as we currently meet the criteria to move forward, rather than waiting until the end of the month.”

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Illinois attorney who filed lawsuits against Pritzker for stay-at-home order now working with dozens of businesses that have reopened, filing suit for others – Chicago Tribune

DeVore has advised the businesses to write letters to their local health boards, citing a portion of Pritzker’s order which says health officials have the authority to shut down businesses that violate Pritzker’s order if they’re determined to be public health risks. The letters go on to tell local health authorities that because the owners believe their businesses aren’t public health risks, they will reopen within 48 hours.

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