Column: Good riddance – Chicago Reader

“If Chicago were a meritocracy (in which we’re judged by our performance), (Ald. Ed) Burke would have been bounced from the finance chair sometime in the 1990s. But Chicago is more like a kleptocracy in which we publicly worship our leaders. And so Burke not only remained in his finance position, but was hailed as a fiduciary wizard for whom we should be eternally grateful.”

Read More »

Updated monthly: Consumer Price Index and changing food prices for the Chicago metro area – Chicago Tribune*

Prices in the Chicago-Naperville-Elgin area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.6% in November, the U.S. Bureau of Labor Statistics reported. Regional Commissioner Jason Palmer noted that the food index rose 0.7%, and the energy index fell 5.1% in November. The all items less food and energy index was down 0.3%.

Read More »

WalletHub: Chicago inflation not as bad as St. Louis – Center Square

“When we are looking at nearby places, St. Louis ranks 15th, and the closer you are to number one is a bad thing,” analyst Jill Gonzalez said. “Chicago-Naperville-Elgin area ranks 20th…Some cities are feeling inflation more than others and others are feeling it less. Chicago is one of the few places where it is not rising that much right now.”

Read More »

As Investors Buy More Homes Around the Obama Presidential Center Gentrification Worries Soar – Illinois Answers Project

In the zip code covering much of South Shore, investors bought up 32% of homes for sale in the third quarter of 2022 – that’s tied for the most in the city. That’s far more than the 17% of homes investors bought in 2015 before Jackson Park was announced as the home of the center and more than double the 14% of homes bought by investors in 2005 in the middle of the housing bubble.

Read More »

How Illinois Courts Are Hidden From FOIA – Better Government Association

Illinois’ exemption of the judicial branch from FOIA is not the norm nationwide. Statistical information from the courts is subject to open access laws in 27 states, and 15 more have court rules and policies that make the data available. But a quirk in the wording of Illinois’ FOIA – it does not explicitly name the judicial branch – has allowed the courts to interpret the law to mean they are exempt from FOIA.

Read More »

Lori Lightfoot ripped by Chicago media for ignoring concerns about police scanner suppression- FOX News

“Mayor Lori Lightfoot’s administration has refused to meet with members of the Chicago media who have voiced concern this will impact journalists’ ability to cover events as they unfold and warn the public about ongoing threats to safety,” Chicago outlet WGN9 reported. As an example, the media was not able to report in real-time recently when a man armed with a rifle walked through a Chicago neighborhood, later being shot by police.

Read More »

Chicago TIF for $3.6 billion project transit heading toward approval – The Bond Buyer

The Chicago Transit Authority’s plan to establish a special transit tax-increment financing district to raise $1 billion needed to compete for federal grants to build a $3.6 billion rail transit extension could win final approval Wednesday. The City Council’s Finance Committee advanced the measure to establish what would be the city’s second transit TIF district at a Monday meeting, setting the stage for a full council vote Wednesday.

Read More »

SAFE-T Act Faces Next Test in Court, Where Opponents Say it Violates State Constitution – NBC5 (Chicago)

The challenge right now is, in many of Illinois’ counties, they do not have any capacity to provide any kind of pretrial supervision,” said David Olson, co-director of the Loyola Center for Criminal Justice. That’s why he said the Office of Statewide Pretrial Services has been established through the Illinois Supreme Court, to offer that service in parts of the state where it’s not available.

Read More »

Editorial: All Biden’s Green Job Losers – Wall Street Journal

“President Biden sold the Inflation Reduction Act (IRA) as a giant climate jobs program, but then how does he explain what happened Friday at the Stellantis Jeep Cherokee plant in Belvidere, Illinois? Some 1,350 workers are losing their jobs so the auto maker can finance its government-mandated and subsidized electric-vehicle expansion.”

Read More »

Column: Surprise revenue growth boosts state budget picture – Champaign News-Gazette

Jim Dey: “November tax receipts were led by increases in revenue of state income tax (up $228 million), corporate tax (up $85 million) and sales tax (up $134 million). (Revenue manager Eric) Noggle attributed increases in sales-tax revenue to a ‘promising start’ of the Christmas shopping season. In addition to the big three, the state also enjoyed smaller increases generated by taxes on cigarettes and inheritances as well as interest on ‘state funds and investment.’”

Read More »