Illinois’s Bond-Market Penalty Hits Lowest Since Pandemic Crash – Bloomberg*

“During the spring when the pandemic hit, Illinois got hurt worse than other states because they have less margin for error with their budget,” said Daniel Solender, director of the municipal bond group at Lord, Abbett & Co. LLC, which holds Illinois debt as part of $31 billion in municipal assets. “Of the states, Illinois is benefiting the most from the recovery of the lower quality part of the municipal bond market.”

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Lawmakers propose cut in Medicaid rates – Capitol News IL

Sen. Dave Koehler and Rep. Fred Crespo filed companion bills in the General Assembly which call for reducing the enrollment-based payments by 20 percent for the duration of the COVID-19 disaster declaration. They argue that patient demand for routine, nonemergency medical services like outpatient procedures has plummeted amid the pandemic, while the insurance companies that manage the program have received the same per-patient monthly rates, resulting in higher profit margins.

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Column: Hard endings for a couple of hard cases – Champaign News-Gazette

Jim Dey: “Vrdolyak was a symbol of days gone by — the ringleader of the decades-old Chicago City Council wars in which he led White aldermen in a ceaseless struggle for political power against Black aldermen led by Mayor Harold Washington…By contrast, Sandoval epitomized the current grubby corruption and dysfunction of state and local government in Illinois.”

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Taxpayers likely to cover Soldier Field, Sox park debt shortfall – Crain’s

The Illinois Sports Facilities Authority, which operates the Chicago White Sox stadium and pays the bond debt tied to the 2003 renovation of Soldier Field, reported during its board meeting yesterday that its hotel tax proceeds during the three months ended Sept. 30 were down nearly 91 percent year over year. The authority relies on hotel taxes to pay back the state of Illinois for an annual advance it receives to make its debt service payments to bondholders.

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Proposal To Rename Lake Shore Drive For Jean Baptiste Point Du Sable Stalled Again – Block Club Chicago

Ephraim Martin, CEO of Martin’s International Foundation, said Thursday the honor is long overdue. “We will let the 240 years of bygones be bygones, but you must now start the process of correcting systemic racism in Chicago and…vote ‘yes’ to rename Lake Shore Drive, Du Sable Drive. We people just cannot take it any longer, the Black Heroes Matter coalition is saying ‘the time is up, let us do the right thing.’”

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New study says Chicago’s teacher evaluation may penalize Black educators – Chalkbeat Chicago

“It’s not because Black teachers are less effective or have lower performance than white teachers in Chicago. It’s that Black teachers in Chicago teach systematically in very different school settings,” one researcher explained. “Black teachers are systematically in schools that are less resourced. It’s not just the classroom environment, it’s the package of goods and services at the school level that is explaining differences in observation scores.”

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