Day: May 17, 2023

Chicago Mayor Brandon Johnson’s allies push for $12 billion financial package to raise taxes, defund police – FOX News

Brandon Johnson, Lori LightfootFrom housing and education to climate and violence prevention, the People’s Unity Platform called for Mayor Brandon Johnson’s office to take action on a number of its suggestions in the proposal titled “First We Get The Money.” The group said Johnson should “reinstitute the big business head tax to make large corporations pay what they owe for benefiting from the city’s public infrastructure” and also raise the jet fuel tax to “force airlines to pay what they owe for using our public infrastructure and profiting from creating pollution in

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CTA’s post-pandemic puzzle – Politico

Dorval Carter Jr., president of the Chicago Transit Authority, said ridership continues to grow. “Before the pandemic, in 2019, we were carrying about 1.5 million people a day. When the pandemic hit and we did the initial shutdown around the city, that number dropped to about 250,000. We’re now around 900,000.” But whether ridership will ever return to 2019 levels, “… depends on whether businesses eventually shift away from a hybrid model to ‘everyone comes to work.’”

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Chicago’s rental market is stabilizing but seeing some of the fastest price increases in the US – Chicago Tribune/MSN

Rents in Chicago increased 1.7% in April compared with a 0.5% increase nationwide, placing the city in fifth place for fastest month-over-month rent growth among the 100 largest cities in the country, according to data from Apartment List. The same data shows Chicago’s year-over-year rent growth is at 5.2%, a drop from the nearly 12% year-over-year increase at this time last year. This number is nearly 6% year-over-year for Illinois in April 2023.

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Bears finding it’ll take more than two-minute offense to win Springfield help for new stadium in Arlington Heights – Chicago Sun-Times

During the subject matter hearing, state Rep. Kam Buckner told lead bill sponsor state Rep. Marty Moylan that he was concerned that the city still owes $640 million from the last Soldier Field renovation. “I was a high school kid working as an usher at Soldier Field when that renovation started and here we are 20 years later,” Buckner said. “And I’m still footing the bill.”

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Progressive Group Lays Out Own Plan to Implement Brandon Johnson’s Pledge to Tax the ‘Ultra-Rich,’ Big Corporations – WTTW (Chicago)

The “moral budget” by Saqib Bhatti and Gabriela Noa Betancourt of the Action Center on Race & the Economy, known as ACRE, urges Johnson and the City Council to take a new approach to “the underlying issues that lead to crime and violence” by “standing up to major corporations that don’t pay what they owe” and “saying no to entrenched interests.” Bhatti is a member of Johnson’s transition team, serving on the Economic Vitality & Equity Subcommittee.

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Tax breaks for Bears punted to state legislature’s fall veto session – WBEZ (Chicago)

A $3 per-ticket surcharge has been proposed to help retire debt incurred by renovations at Soldier Field, which is owned by the Chicago Park District. State Rep. Kam Buckner said that’s good, but, “I worked for a pro sports team and we wrote a big check every single year to the City of Chicago and the county for an amusement tax. I think it’s important to also talk about the loss of that tax revenue from the amusement sales tax, the 9% cap in that space as well.”

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Illinois to reinstate Blue Collar Jobs Act – Center Square

The legislation makes $20 million in tax credits available annually for eligible companies. Said state Rep. Ryan Spain, “We [Republicans] would advocate that we need to continue to make changes, wholesale, large-scale changes to improve the economic competitiveness of the state of Illinois. So I hope this can be a starting point where Democrats are listening to Republicans and understanding what we need to do to make sure that we are growing our economy.”

 

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Ex-Mayor Lori Lightfoot warned about email electioneering 10 months before campaign tried to recruit CPS students – Chicago Tribune/MSN

When it came to light in January, Lori Lightfoot’s camp first defended but then quickly denounced the practice of sending emails to public workers soliciting campaign help. Now it’s emerged that her campaign had been warned by the city Board of Ethics in March 2022 to cease sending political communications to public employee emails.

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SCOTUS won’t step into IL ‘assault weapons’ ban fight, for now – Cook County Record

The U.S. Supreme Court has turned aside a long-shot bid to secure an order blocking the state of Illinois from enforcing its ban on so-called “assault weapons” while legal challenges to the law continue to play out in lower courts. This means the law, which bans the sale and purchase of a long list of semiautomatic firearms and related accessories will most likely remain in effect throughout much of the summer.

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IL to Spend $1B on Medicaid for Undocumented Seniors – RealClear Investigations

“No portion of that cost is reimbursable by the federal government,” Wirepoints reported. Illinois is being crushed by fleeing citizens and an ever-growing mountain of debt, which stands at more than $154 billion. This program would be an expensive investment for even the most fiscally sound states, but in Illinois, it’s unaffordable and pushes the state closer to the brink of economic ruin.

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Guest Column: Chicago Public Schools Teacher Defends Scholarship Program for Needy K-12 Minority Kids Targeted for Extinction by Progressive Democrats – John Kass News

“While I’m a public school teacher, I can see the benefit of offering choice and assistance to low-income families to help their kid’s education. Scholarships matter and there should be more access and more opportunities to all students based on a family’s economic situation and academic needs.”

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Will Illinois tax credit scholarship end? Four things you should know about Invest In Kids – Chalkbeat Chicago

 

A picture of a young child in a yellow sweater uses a red coloring pencil to draw on a piece of paper.Jaclyn Driscoll, a spokeswoman for Illinois House Speaker Emanuel “Chris” Welch, said lawmakers still have time to extend Invest in Kids before the end of the year; State lawmakers could approve an extension during a special session or the veto session in the fall. If Invest in Kids is allowed to end, Illinois will be bucking the trend of red states such as Indiana and

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Chicago Public Schools principals file petition to unionize – Illinois Policy

Chicago Principals and Administrators Association President Troy LaRaviere said the new union would advocate for better pay and working conditions for CPS administrators, including improved job security. Principals at Chicago’s public schools already earned about 30% more on average than their counterparts in other parts of the state before Gov. JB Pritzker signed House Bill 5107 in February, giving only CPS administrators the power to collectively bargain.

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Illinois’ revenue volatility among highest in U.S., threatens budget stability – Illinois Policy

The report from The Pew Charitable Trusts scored states based on the volatility of major revenue streams over 20 years that included sales taxes, personal income taxes, and corporate income taxes while controlling for changes in state tax policy. While Illinois tax revenues were among the most unpredictable in the nation, its neighbors make it look even worse. Kentucky, Iowa, and Wisconsin were ranked as having among the most stable revenues.

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Chicago: Pork Bellies to Flee the Sinking Ship? – National Review

“Among the tax proposals (increases, not cuts, in case you were wondering) being put forward by Brandon Johnson, Chicago’s new mayor, is one for a financial-transactions tax, at a rate of $1 or $2 for every ‘securities trading contract’…Such taxes are not a good idea at the best of times, but to propose them for the embattled city that still hosts the Chicago Mercantile Exchange, well…”

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Chicago is at risk of losing more businesses, including CME, if Johnson neglects the city’s real problems – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about how the Invest in Kids Act is on the verge of being shut down by pro-union lawmakers, how the migrant issue is hurting the residents of Chicago, why Mayor Johnson needs to tamp down on crime immediately, CME’s threat of leaving the city if it doesn’t see improvements, and more.

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Editorial: On Brandon Johnson’s first day, he puts out a disastrous job description for deputy mayor – Chicago Tribune*

Cartoonist Scott Stantis on the job description for the deputy mayor of labor relations put out by Mayor Brandon Johnson.“Which brings us to the job description for the Deputy Mayor of Labor Relations, as released Monday, inauguration day. Read it for yourself: The Deputy Mayor for Labor Relations is responsible for working with all City agencies and departments to foster, promote and develop the welfare of the wage earners, job seekers and retirees of Chicago; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights, including working

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