“In accounting, a surplus means the excess of assets (money had) over liabilities (money owed) accumulated. But in government budgeting it is defined as an excess of receipts over disbursements…The county is projecting its expenditures will be less than its receipts, but if history is any indicator this does not include the correct retirement payments for county workers.”
As required by state law, Chicago must provide an annual report within six months of the end of the fiscal year. Unfortunately, Chicago continues to miss its June 30th deadline.
Tuesday’s filing alleges District 65 instructed Pre-K through second grade teachers to ask students: “What is your understanding of whiteness?” Meanwhile, fourth grade teachers were instructed to ask how Whiteness showed up in a political cartoon.
The state will permanently cap family child care payments at 7% of their income and increase reimbursement rates for providers in the state’s child care assistance program by 3.5% to help providers as they recover from the pandemic.
Records show the flood of fraud happened after IDES failed to follow federal recommendations to adopt free fraud-fighting tools that were made available in 2019. Only recently did the agency begin using those tools. A separate process to help identify problematic claims also didn’t become fully functional until February, nearly a year into the pandemic.
“About 99%” of the criticism Lightfoot gets as mayor is motivated by racism and sexism, she said.
“The forest preserve district doesn’t carry the baggage of poor financial management that the state of Illinois does, and its employee pension fund, which is separate from the county’s, is among the better-funded, at around 59%.”
Naperville Mayor Steve Chirico said tornado-damaged areas likely won’t meet federal requirements to qualify, but the city is tracking costs incurred in recovery efforts. “We’re not going to be talking about millions. We’re going to be talking about hundreds of thousands probably.”
Moody’s Investors Services raised the state’s rating one notch, citing “material improvement in the state’s finances.” Although the upgrade still leaves Illinois bonds rated just two notches above so-called “junk” status, Gov. JB Pritzker said it marked a turning point for the state, and he credited the General Assembly and members of his own administration for bringing greater fiscal discipline to the state’s budget.
“Achieving a ratings upgrade in this case from Moody’s for the first time in 23 years, that is something that we should all pay attention to,” Gov. JB Pritzker said. “It’s a huge note of progress for our state and I am very proud.”
Jim Dey: “Illinois Democrats targeted Republican state Rep. Deanne Mazzochi for termination with extreme prejudice — in other words, political oblivion…By the time Democrats finished slicing and dicing Mazzochi’s current 47th district, it was no longer her district. Instead, Democrats squeezed her into what is now the 46th district.”
If not, members say they will push for a special city council meeting and compel the CPD Superintendent David Brown to appear before the panel.
University of Illinois Athletic Director Josh Whitman called Gov. JB Pritzker’s signing of Senate Bill 2338 into law “the most dramatic, meaningful change to come to the collegiate model since the adoption of athletic scholarships.”
Data released last week from the U.S. Bureau of Economic Analysis showed the state’s economy grew at an annual rate of 6.4 percent during the quarter as its gross domestic product approached its pre-pandemic level.
Gov. J.B. Pritzker says those wanting clearer guidance for in-person education won’t get complete certainty. The governor also said the COVID-19 pandemic isn’t over.
The equal rights case was brought by parents of student-athletes who say the governor prohibiting high school sports while allowing college and pro sports harmed their children. Sangamon County Judge Raylene Grischow denied Pritzker’s motion to dismiss, saying the plaintiffs have adequately alleged their cause of action.
S&P Dow Jones released the April CoreLogic Case-Shiller home price indices this morning showing that Chicago area single family home prices continue to soar. The 9.9% gain from last year is the highest appreciation in exactly 7 years and the 102nd consecutive month of annual gains.
Nationally, home prices increased at the fastest rate in the indexes record. The Chicago area is still in last place among the 20 metro areas tracked – the only metro stuck in the single digits.
“Most folks, when they think about the SAFE-T Act, all they think about is the end of cash bail and that is just one segment of the overall plan,” said state Sen. Elgie Sims. Come July 1, police will have the state-mandated duty to render aid and life-saving assistance like CPR if someone is injured, and to intervene if another officer is using unauthorized force or a force exceeding what’s permissible, among other changes.
Beginning in 2022, businesses with 100 or more employees will need to provide information like employees’ race, ethnicity, gender, and salary/hourly wage. This law is an initiative of the Illinois Legislative Black Caucus and was originally passed as part of the Equity Pillar legislation in January.
The city said it will continue to update the advisory every other Tuesday, but that the emergency order can be reinstated if a state rises above the 15 cases per day per 100,000 residents threshold.
As soon as next month, student athletes will be able to hire agents and sign endorsement deals, profiting from their name, image and likeness.
We finally have a more comprehensive tally of the grotesquely oversized federal assistance dispensed under the guise of pandemic relief. The insanity of American fiscal and monetary policy is matched only by the gall of Illinois politicians who are using it to claim they’ve put Illinois on the right track.
Wirepoints President Ted Dabrowski joins John Anthony on Black and Right. They discuss new analysis from Wirepoints on local police pensions, collective bargaining reform, and Illinois’ new election law.
With fewer officers and more to do, the existing employees made a lot of money—but the city became less safe and, for taxpayers, more expensive.
Chicago’s construction set-aside program for minorities and women is one of the last surviving big-city programs in the country. Mayor Lori Lightfoot plans to keep it that way for at least six years, while relaxing standards — but not relaxing them enough to satisfy some aldermen.
“The coronavirus relief funds at issue here are not State funds,” Cook County Judge Raymond Mitchell wrote in his order. “They are not the product of tax revenue that the State collects and then disperses to municipalities.
“(Edward) Gibala, the executive director of the State Universities Retirement System, had been a sort of Paul Revere for the pension systems since the 1960s, warning state leaders that their chronic underfunding of pensions would create problems for future leaders. By 1967, SURS was already underfunded by $143 million.”
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