//
archives

Archive for

$100 million tax break

Today, the Illinois Legislature will most likely pass Senate Bill 397 and approve a tax break for the Chicago Mercantile Exchange (CME) and the Chicago Board of Exchange (CBOE) to the tune of $100 million a year. (For more about exactly how the bill works, go here). This bill is moving after a year of … Continue reading

Not a cause for celebration

Mayor Rahm Emanuel introduced his budget with a pledge to end the smoke and mirrors, and as it passed unanimously, aldermen celebrated a ‘new day’ for the City. But despite some improvement to end past gimmicks, the budget still includes misleading accounting tricks that hide a tax increase from public scrutiny. The City budget that … Continue reading

The more things change…

…. the more they stay the same. The Chicago Tribune reports that Mayor Emanuel is taking a page out of Mayor Daley’s playbook by not providing public records (government cellphone bills and emails, specifically)  that the Tribune requested by claiming that “providing them is unduly burdensome.” This excuse is something that Chicagoans have heard for years, … Continue reading