Get the latest news from around Illinois.
The Center Square: Navigating Illinois’ home sale slowdown
High interest rates have pushed monthly mortgage payments in Illinois up by 40% in the past few months. The residential real estate market is starting to feel the impact.
“Prices have gotten so high. I expect them to start coming down,” Professor Daniel McMillen of the Stuart Handler Department of Real Estate at the University of Illinois Chicago said. “With interest rates as high as they are, it has to be the case that the housing market has to slow up.”
Chicago Tribune: Mayoral challenger Willie Wilson criticizes Lightfoot over campaign donations to allies’ committee
Chicago businessman Willie Wilson ripped Mayor Lori Lightfoot over a committee created by her allies that is unbound by how much money contributors can give or who they are — restrictions Lightfoot must abide by.
“It’s wrong. You’re not really running the city for the people; you’re running this city for a few select individuals that have the money, to … buy their way and control the other million or 2 million people in Chicago,” Wilson said at a Wednesday morning news conference. “It is plain wrong.”
Crain's Chicago Business: Editorial: A union poses a question to pols—and a chill runs down the biz community's spine
WTTW: More Than 3 Years After Watchdog Warned Chicago Police Gang Databases Were ‘Deeply Flawed,’ New System Poised to Launch Despite Objections
Chicago Police Department officials are poised to launch a new system to track Chicagoans they believe to be members of gangs. The move comes more than three and a half years after the city’s watchdog warned the records were riddled with errors, ripe for abuse and disproportionately targeted Black and Latino Chicagoans.
The plan is in place despite objections from the interim Community Commission for Public Safety and Accountability, which will hold a virtual meeting at 6:30 p.m. Monday to discuss the new draft of the policy that would govern the new gang database, dubbed the Criminal Enterprise Information System, known as the CEIS.
Daily Herald: St. Charles repeals panhandling law after court ruling
St. Charles has repealed its ban on panhandling following a court ruling that such laws are unconstitutional.
The city council took the action during its meeting last week.
Journal Star: Peoria Public Schools superintendent gets contract extension and a raise
When the contract for Peoria Public Schools Superintendent Sharon Desmoulin-Kherat was renewed for four more years at a board meeting this month, it included a raise.
Desmoulin-Kherat’s base salary is $268,636.43, according to board attorney Stanley Einsenhammer. The superintendent will receive a 5.8% raise in the first year and just under 4% in each of the last three years.