The state’s ability to negotiate a better pension debt deal may rest with congressional approval of a state bankruptcy option, according to one financial expert.
USA Today’s Nathan Bomey has some experience covering municipal bankruptcy, and looking at the state of Chicago’s finances, Bomey’s sees only three options – and none of them are good.
Illinois Republican Party Chair Chris Cleveland, who is also a Chicago Public Schools (CPS) parent, filed an ethics complaint against CPS CEO Forrest Claypool following a letter sent home with all 381,000 CPS students in February.
The Chicago City Council Zoning Committee effectively put a hold on Ward 45 Alderman John Arena's plans for a much-debated storage facility in his Jefferson Park neighborhood when after a seven-hour meeting not enough panel members were still around to vote.
A proposal to raise Illinois' minimum wage to $15 per hour would knock low-skilled workers out of their jobs, George Mason University economist said on a Chicago-based radio show recently.
Blaming violence in Chicago on the historical treatment of African-Americans and demanding government intervention inflames a "spirit of victimization," Mychal Massie, founder of the Racial Policy Center, told the Chicago City Wire recently.