Editorial: Lori Lightfoot’s parting gift NASCAR – Crain’s*

“The latest case in point comes in the form of news that the plan to host a NASCAR race through the streets of the Loop on July 1 and 2 is going to shut down the area in and around Grant Park for far longer than the Lightfoot administration originally reckoned. Even worse, it now appears the expanding NASCAR time frame means City Hall must find a new place and potentially a new time to hold Taste of Chicago…. Worse still: The local alderman, Brendan Reilly, says he learned of the proposed Taste move not from the administration but

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Illinois bill would require personal finance course in high school – Center Square

Wirepoints President Ted Dabrowski, who co-authored the website’s schools report, isn’t sure how much difference Lightford’s proposal will make, even if it becomes law. “Every kid should learn about finances and how to manage their financial future, but the first priority for Illinois leaders should be to assure that kids can read and do math and today that’s not happening,” he said. “Instead of adding another mandate for this they should mandate that schools massively elevate the percentage of kids who can read and do math in Illinois schools.”

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Public Finance Spotlight: Wirepoints – Stump

Actuary Mary Pat Campbell: “Wirepoints has several features, and the best part is the daily email. Wirepoints has helped give me more detail on the players, and the specific tactics being tried out so I don’t look like a complete ass from the East Coast when I write about the Midwest. So if you want to know about one of the most important incipient public finance disasters….check out Wirepoints!”

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Opinion: Yes, some Vallas donors are conservative, but not MAGA – Crain’s*

Andy Shaw: “None of Vallas’ deep-pocketed donors are, in my experience, racist, right-wing ideologues. Yes — most are conservative business people, and perhaps Trump or DeSantis supporters — but none have city contracts. So their Vallas support, like their contributions to my nonprofit work, is not about deeper pockets, but about a city that’s safer, less corrupt and more business-friendly.”

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Sen. Sue Rezin seeks to end Illinois moratorium on nuclear reactors – The Times* (Ottawa)

Under Rezin’s legislation, public utility and energy companies would be given the option to choose whether they want to invest in the construction of both traditional, large nuclear reactors or new, small modular reactors that could be placed in existing infrastructure, such as factories or pre-existing coal-fired power plants already connected to the electric grid.

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Biden Proposes $350M Federal Grant to Fund Far South Side CTA Red Line Extension – WTTW (Chicago)

Even if the federal grant is approved by Congress, Chicago would need an additional $2.4 billion to cover the total cost of the project, much of which city officials hope will come from the federal government in future years. Mayor Lori Lightfoot created a new tax-increment financing district along the southern branch of the CTA Red Line to generate $959 million for the project first proposed by former Mayor Richard J. Daley in the 1950s.

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Chicago wants to open a casino to help pay down its public pension debt – Reason Foundation

“…(E)ven under the proposal’s optimistic outlook, the casino’s annual revenue is only a fraction of the annual required contributions to the city’s police and fire pension fund. Due to the gargantuan amount of unfunded liabilities the city already owes, this move is unlikely to mitigate future tax hikes, and a significant effort to fulfill the pension promises made to workers still lies ahead.”

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Marriage, Then Mortgage Much of the racial gap in homeownership is tied to rates of family formation – City Journal

Not long ago, the importance of marriage and family to basic economic advancement was a legitimate part of policy discussion, even on the political left. In 2008, then–presidential candidate Barack Obama delivered a Father’s Day speech in a Chicago church emphasizing the link between the family and economic success: “Of all the rocks upon which we build our lives, we are reminded today that family is the most important,” he said. “Yes, we need more jobs and more job training and more opportunity in our communities. But we also

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Column: Illinois needs a new flag — but don’t let legislators pick – Champaign News-Gazette

“After covering Illinois politicians for more than 30 years, I have no faith whatsoever in their collective wisdom. None. Zip. Zilch. Nada. Just look at this statement from (state Sen. Doris) Turner: ‘For years, Illinois was seen as fiscally irresponsible. We have turned that around and returned Illinois to the great state it is, and our flag should reflect that.'”

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Vallas dissed Biden and Obama in Chicago – Politico

“The comments came during a lull in (mayoral candidate Paul) Vallas’ political life, two years after losing the 2019 mayoral race and before he geared up for another bid. But they now could affect his future as he looks to run the nation’s third-largest city, where Obama remains a revered figure”

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