Audit of Illinois treasurer’s office finds $1.6 billion ‘understated’ in financial statements – Center Square

The report from the Auditor General for the fiscal year that ended June 30, 2021, said testing of financial statements show uncorrected duplicate deposits between the treasurer’s office and the office of the Illinois Comptroller. “It was determined only the duplicate deposit portion of the reconciling items would have been double counted in the available cash balance reported by the [comptroller],” the report said.

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Here’s a Look at Settlements Stemming From Illinois’ Biometric Privacy Act – NBC5 (Chicago)

Illinois’ Biometric Privacy Act prohibits private sector companies and institutions from collecting biometric data from unsuspecting citizens in the state or online, no matter where the business is based. Data cannot be sold, transferred or traded. Unlike any other state, citizens can sue for alleged violations, which has sparked hundreds of David-and-Goliath legal battles against some of the world’s most powerful companies. If a company is found to have violated Illinois law, citizens can collect civil penalties up to $5,000 per violation compounded by the number of people affected and days involved. No state regulatory agency is involved in enforcement.

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Why Is Chicago’s Rail Extension Funding Considered Controversial? – Governing

The TIF district that’s planned to fund the Red Line Extension is different from the typical Chicago use of the tool. For one thing, the school district would still collect its full share of the property tax in the district. It’s also unique in that it would generate the tax increment in an area with more economic activity closer to the urban core and distribute its benefits to a public project in the South Side. CTA has referred to it as an “equity TIF,” though that’s not an official designation.

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Man who threatened Illinois senator sentenced to probation – WICS (Springfield)

Police say Michael Hoyle pulled a gun on Senator Elgie Sims of Chicago while the two were driving on Lawrence Avenue in Springfield. Senator Sims says after he drove away the man continued to chase him until Sims was able to find a police officer. On August 17, Hoyle pleaded guilty to the charge of aggravated assault; The charges of unlawful use of a weapon and aggravated unlawful use of a weapon were dismissed.

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Kady McFadden and Ameya Pawar: How government and the private sector can fix complex challenges together – Chicago Tribune*

“In short, industrial policy is a public-private partnership in which a government uses a coordinated strategy that employs tax policy, incentives, public purchasing power, research grants and public enterprises to encourage economic development. Often all at once, and when done well, it works on the supply and demand side simultaneously. For examples, look no further than satellite technology, the internet and the COVID-19 vaccine.”

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Chicago Public Schools website features appalling video justifying burning and looting – American Thinker

“Rosenberg ably excerpts some of the most remarkable assertions of the video, but in order to fully grasp the level of hatred being expressed, it is worthwhile listening to the almost 7 minutes of the rant, in which the speaker, author Kimberly Jones, credits participating on Operation Push (Jesse Jackson’s old outfit) for her level of economic sophistication (such as it is).”

 

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