On May 30, the General Assembly voted to override Gov. Bruce Rauner’s veto of Chicago Mayor Rahm Emanuel’s plan to delay payments to Chicago’s police and fire pension funds – at a cost to Chicago taxpayers of an additional $18.6 billion over the next 40 years.
The Illinois Educational Labor Relations Board determined there is enough evidence of the illegality of CTU’s April 1 walkout for CPS to pursue a court order to prevent CTU from waging any similar strikes.
The mayor’s plan to construct the Lucas Museum of Narrative Art includes more of the same bad policies that got Chicago into its fiscal crisis: a bid to borrow $1.2 billion and hike taxes on residents.
Creating a tax increment financing district around the Lathrop Homes redevelopment will ensure that 100 percent of property-tax revenue generated on the site will go to a city-run slush fund.
The union’s one-day strike is an illegal, aggressive political power play, and its attempt to coerce its members to participate violates its own constitution. Here’s a breakdown of the timeline, the law and the political statement the union is making.
In an effort to shore up pension debt, Chicago officials in 2014 adopted a pension-reform package that included raising the telephone tax. Though the Illinois Supreme Court struck down these changes, the tax hike remains.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.