With new mayor on horizon, aldermen seek more power on City Council – Chicago Tribune*

Retiring Ald. Tom Tunney arrives for a City Council meeting, March 15, 2023, at City Hall.Proposals include the creation of an Office of Legislative Counsel to analyze legislation and serve as parliamentarian. Said Ald. Matt O’Shea, “We’ve had more than 60 years of mayoral control of the City Council. It’s been too long. I believe it’s time to change and provide an additional check on mayoral power. To officially end what is commonly referred to as the rubber stamp.”

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Plan to Use Cameras to Bust Chicago Drivers Who Park in Bus, Bicycle Lanes Approved – WTTW (Chicago)

Drivers who park their cars in dedicated bicycle and bus lanes, as well as crosswalks, bus stops and no parking zones, will be ticketed if the infraction is captured by city cameras mounted on poles and on the front of buses and other city vehicles, officials said. A separate effort would use digital license plate readers to enforce parking restrictions in loading zones downtown and prevent drivers from parking in the spots too long.

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ComEd 4 trial opening arguments: ‘Madigan wanted, the defendants gave’ – Center Square

The longest serving legislative leader in U.S. history seemed everywhere during arguments while he personally was nowhere to be found during the daylong proceedings in the overflow courtroom. As part of her opening, Assistant U.S. Attorney Sarah Streicker left little to the imagination, telling jurors “in short, Madigan wanted, the defendants gave and the defendants got. It’s that simple.”

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Nearly 40K Illinois jobs missing since before pandemic orders three years ago – Center Square

“Illinois has the second worst unemployment rate in the country, and it is severely impacting small businesses,” Chris Davis, of the Illinois chapter of the National Federation of Independent Businesses, said. “The NFIB Small Business Index indicates that 47% of small businesses are attempting to hire, and of those 47%, 90% are reporting a lack of qualified applicants.”

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‘Impact the taxpayer’: Dozens of governments put on watch list after late filings – Center Square

Missouri had 20 local government entities placed on the list, more than any other state. Following Missouri was Texas (16), New York (11), Pennsylvania (11) and Alabama (8). Other states with governments on the list include Arizona, Arkansas, California, Connecticut, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Montana, New Jersey, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Washington, Wisconsin and Wyoming.

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Recovering from a COVID (Spending) Fever – University of Illinois Institute of Government and Public Affairs

“This fortuitous result was in part due to the exceptional generosity of federal aid but also was attributable to surges in economic activity and own source tax revenue…While this good news may be cause to celebrate, we caution that Illinois’ fiscal situation remains tenuous and is likely to require diligence and restraint to remain healthy in the coming years.”

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Illinois AG issues statement on President Biden’s executive order to reduce gun violence – WICS (Springfield)

A statement from Kwame Raoul reads, in part, “In Illinois, I am initiating the Firearms Industry Responsibility Act, which I urge members of the General Assembly to support. The Firearms Industry Responsibility Act, or FIRA, will make clear that the Attorney General’s office can use Illinois’ Consumer Fraud and Deceptive Business Practices Act to take enforcement action against firearms dealers and manufacturers that engage in dangerous sales and marketing practices.”

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Illinois Municipal Retirement Fund invested in now-collapsed Silicon Valley Bank – Illinois Policy

The most recent SEC filings from IMRF indicated the fund had at least 2,251 shares of SVB at the end of 2022, though that number could be higher. It is also possible that IMRF and other Illinois pension systems had exposure to SVB through index funds or ETFs. IMRF also had millions invested in funds with exposure to FTX, a digital currency exchange that went bankrupt in late 2022.

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