Illinois companies announced 1,065 mass layoffs in August. Minority-owned Diverse Facility Solutions, headquartered in Alsip, Illinois, and two other janitorial services companies accounted for nearly half of the jobs lost.
Illinois universities have hiked tuition and relied on state subsidies to pay for exorbitant administrative salaries — and now credit rating agencies are punishing them for that destructive behavior.
Credit rating agencies have warned Illinois’ credit could slide into junk territory if the legislative session ends in May without a budget deal to get the state’s finances back on track.
Illinois’ public colleges and universities used to be affordable, but schools have increased tuition from 74-112 percent over the last decade to help pay for administrative hiring sprees and skyrocketing pensions.
Northeastern Illinois University, or NEIU, has moved to seize land from businesses and families in the Chicago neighborhood of North Park as part of its bid to construct new student dormitories – even though the university already owns plenty of land it could use without seizing anything. NEIU has filed a lawsuit to forcibly acquire...
the overall trend indicates that The Illinois public university system is getting worse in complying with state and federal laws, leaving the system vulnerable to future cases of public corruption.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.