Chicago Public Schools floats hundreds of layoffs as one option to close $529 million budget gap – Chalkbeat Chicago
Between 1,600 and 1,700 positions based inside schools could be cut, according to a presentation used to brief board members. The presentation suggests there are ways to lessen the blow, specifically by getting more state funding or more city money than it is already expecting from special taxing districts meant to spur development, known as TIFs.
A report last year by the commercial real estate data company CommercialCafe said that of the 30 biggest cities in the United States, Chicago has the second-highest amount of office space that could be converted to residential use. Nearly 27 percent of Chicago’s office stock has conversion potential, the report said, with the bulk of the space it identified deemed to be “largely viable” for conversion.
Illinois lawmakers continue to complain about the lack of housing, but it’s their failed policies have made Illinois a national outlier. Just 44,600 new housing units have been built since 2020 – an increase in the housing stock of less than 1%. That makes Illinois 49th in the nation when it comes to building new homes.
Ted joined NewsTalkSTL’s Mike Ferguson to discuss Sen. Dick Durbin’s decision to not run for reelection, the long list of people that could replace him, why it’s unlikely anything will change in Illinois even with Durbin’s departure, what it means for Illinois’ influence in Washington, and more.
As part of the host city agreement (HCA), the regional casino operator wants to sell a 25% interest in its permanent gaming venue in Chicago to people of color and women, but white men aren’t eligible to participate in the offering. The suits being referenced were filed by the Wisconsin Institute for Law & Liberty (WILL) against the City of Chicago, the Illinois Gaming Board (IGB), and Bally’s Chicago Casino and a