Harvey, Illinois, launches bond exchange offer on defaulted debt – The Bond Buyer
The deal would allow investors to shed the bonds’ default status, resolve investor litigation, and give the fiscally troubled Chicago suburb more time to repay its debt. It’s billed by Harvey officials as a central step in an effort to restructure various debts with the aim of attracting economic development and bolstering a beleaguered tax base hurt by outmigration, shuttered businesses and an aging population. The city also has weak tax collection rates that pose a drag on its budgets.
“In 2016, Cook County State’s Attorney Kim Foxx kicked off her controversial tenure as the Chicago area’s top prosecutor by drastically raising the 
“…(I)t’s getting more expensive to live in Chicago. More taxes won’t help that, and we need to reverse Chicago’s outflow of people – not accelerate it with tone-deaf tax hikes.”
Ted joined Cat Peterson to discuss the current status of the SAFE-T Act and why its so harmful for police officers, the ongoing Jenny Thornley worker’s comp fraud saga, why Illinois lawmakers refuse to cut taxes, the pension funding crisis at the state and Chicago level, and more.