Record number of city homes under contract – Crain’s

In the week that ended May 13, buyers put 874 homes under contract in the city, according to data posted Monday by the Chicago Association of Realtors. (It's the latest week for which data is available.) The contract figure is on pace to end May as a record-setter. Both weeks of May have had more contracts than any week in March, which saw more contracts signed than any month going back to 2007. If the momentum continues through the later weeks of May, the monthly total will eclipse March's 3,141 contracts.

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Your property taxes pay for government workers’ guaranteed salaries, benefits and pensions while you get no such guarantees – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss why Illinois’ property taxes are such a national outlier, why Illinoisans are forced to pay the high, guaranteed salaries, benefits and pensions of the government class, why Illinoisans aren’t getting their money’s worth for what they pay, the teachers unions’ influence over elections, and more.

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Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.

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