Why hotel workers are pushing back on Chicago Bears, White Sox stadium proposals – NBC5 (Chicago)

A 2 percent hotel tax is already in place to help fund the current Soldier Field addition from 2002 and the 1989 White Sox stadium. The Bears are proposing to expand that tax another 40 years to fund a new stadium. “Instead of subsidizing stadium mega developments, we should reinvest in our neighborhoods,” said Unite Here Local 1 Executive VP Lou Weeks. “The neighborhoods that would stand to benefit the most are working-class neighborhoods Brighton Park, Austin, Gage Park, Humboldt Park,” where the majority of union members live.

Read More »

New state’s attorney vows to seek pre-trial detention for all violent crimes. How different is that policy from Kim Foxx’s? – CWB Chicago

“…(T)he majority of sexual assault cases filed in the city involve child victims. You’ll probably be even more surprised to learn that, in our random sampling, prosecutors only sought detention in 83 percent of cases where the victims were under 13. And judges only granted 42 percent of those requests. Why? Based on our experience observing thousands of bond and detention hearings, these kinds of cases are typically not random attacks involving strangers.”

Read More »

State Retirement Systems Overview – Illinois Commission on Government Forecasting and Accountability

Using the actuarial (smoothed) value of assets, the total unfunded liabilities of the State systems totaled $144.3 billion on June 30, 2024. Utilizing the market value of assets, the combined unfunded liabilities of the State systems totaled $143.7 billion on June 30, 2024. The combined funded ratios based on the actuarial and market value of assets for FY 2024 were 45.8% and 46.0%, respectively. Those numbers are essentially flat over the last five years.

Read More »

Chicago property taxes rise 3.5 times faster than inflation in last decade – Wirepoints

For a long time, the pain was felt more outside Chicago than in the city. Mayor Richard M. Daley knew to avoid the hated property tax, so he favored all kinds of other taxes and fees – a nickel and dime approach – to fund the city. But beginning with Mayor Emanuel, property taxes in the last decade have grown a whopping 3.5 times more than inflation. And that’s got Chicagoans livid and most aldermen finally pushing back.

Read More »

Editorial: Failure of Lion electric school buses is — at the very least — twofold – Portland Press Herald

“Extremely frustrating. A terrible experience. A problem from the word ‘go.’ These are just some of the characterizations of the saga involving electric school buses provided to eight Maine school districts by Lion Electric, a now cash-strapped Canadian manufacturer with a production site in Illinois that was supported by the state. “These buses, which we know to be very defective, have wreaked havoc throughout the state.”

Read More »