Chicago

Metropolitan area jobs crisis continues

By Michael Lucci
04/10/2014
Illinois’ 10 largest metropolitan areas continue to be plagued with joblessness, according to a release by the Bureau of Labor Statistics. This news comes on the heels of no monthly improvement in the state jobless rate, which at 8.7 percent is 2 points higher than the national average. Illinois has the second highest jobless rate...

Chicago property taxes: Rahm’s hikes vs. Quinn’s relief

04/10/2014
Gov. Pat Quinn is in a bind. He’s being asked to sign a Chicago pension bill that he knows has no real reforms and no way to pay for itself. By signing the bill, Quinn will give Mayor Rahm Emanuel his blessing to raise Chicago property taxes by $750 million over five years. But that’s...

Tell your legislators now to save UberX and Lyft in Chicago!

04/10/2014
The taxi lobby has been trying to get Chicago to destroy ridesharing services like UberX and Lyft, but it hasn’t worked because the services are just too popular in the city. So now the taxi industry has turned to Springfield for help crushing the competition, and it looks like state legislators might be about to...

TAGS: Lyft, rideshare, Uber

Chicago leading the pack in gas price surge

By Hilary Gowins
04/09/2014
The price of gas in the U.S. is going up, and Chicago is leading the charge. NBC Chicago reported that the average U.S. price of a gallon of gasoline has risen 5 cents in the past two weeks. And Chicagoans are paying $4.18 per gallon of gas on average. That’s the highest price per gallon...

TAGS: gas tax

IMRF should not be used as a model for Chicago

By Benjamin VanMetre
04/08/2014
A key tenet of the current Chicago pension reform proposal, which is headed to Gov. Quinn’s desk, is an Illinois Municipal Retirement Fund-style funding mechanism that seeks to guarantee that pension payments are made to Chicago’s funds each year. The mechanism allows the state to divert millions of dollars away from the city and into Chicago pension...

TAGS: IMRF: Illinois Municipal Retirement Fund

Illinois Attorney General Lisa Madigan bullies producer of Four Loko

By Bryant Jackson-Green
04/08/2014
Last week Illinois Attorney General Lisa Madigan proudly announced a settlement that would allegedly ban the production of caffeinated alcoholic beverage called Four Loko. In a press release highlighting details from a 22-page settlement joined by 19 other states, the city of San Francisco and Four Loko’s Chicago-based maker, Phusion Products, Madigan boasts the agreement...

LLC fees hurt low-income entrepreneurs

By Michael Lucci
04/07/2014
The Illinois Senate passed Senate Bill 2776 to lower the cost to create a Limited Liability Company to $39 from $500. This piece of legislation, which rightfully received bipartisan support, will take effect immediately upon receiving Gov. Pat Quinn’s signature. LLC fees are unnecessary and harm low-income entrepreneurs. In fact, LLC fees function like a...

Chapa LaVia’s war on school choice

04/04/2014
Should this Twitter ad be illegal? State Rep. Chapa LaVia, a Democrat from Aurora and head of the House Elementary and Secondary Education Committee, thinks so. She’s the chief sponsor of a bill that would prohibit “any and all marketing and advertising to the public for charter school enrollment and recruitment made by a charter...