Cook County can't use $250M transportation taxes, fees, to fund county operations: IL Supreme Court

May 10, 2022 | Cook County Record

"Cook County and other local governments in Illinois must use local transportation-related taxes on actual transportation projects, and not regular government operations, the Illinois Supreme Court has ruled, rejecting the county’s arguments that it is exempted from Illinois’ so-called transportation lockbox constitutional amendment."

 

State workers get two more years to cash out pension benefits under extension designed to cut pension liability

May 10, 2022 | Chicago Suntimes

"SPRINGFIELD — Certain state employees will have an additional two years to opt for cashing out all or part of their pensions early under an extension Gov. J.B. Pritzker approved on Thursday, saying the pilot programs reduce the state’s long-term pension obligations and will save taxpayers money “for decades to come.” 

 

Illinois’ credit rating still among worst of all states, but improving

May 10, 2022 | The Center Square Illinois

"(The Center Square) – Taxpayers in Illinois may not have to pay as much interest when their state government goes into debt on the taxpayers’ behalf, as the state’s credit rating improves. But the state’s rating is still among the worst in the country and there’s a long way to go.

Gov. J.B. Pritzker celebrated a recent credit report on Thursday.

"For the state of Illinois, we’ve received not one but two credit upgrades from Fitch [Ratings],” Pritzker said. “The state is building its fiscal foundations for the road ahead.”

Fitch increased the state’s rating from the lowest BBB- to BBB+."

The political case for forgiving student loan debt

May 3, 2022 | The Washington Post

"The policy case for President Biden to forgive college student loan debt is strong,and it’s being made really well by a lot of others. So this column will be about the electoral case. That’s decently strong, too — but with some caveats."

If Biden Has Canceled Some Student Loans, Why Can’t He Cancel All Student Debt?

May 3, 2022 | Forbes

"If President Joe Biden could cancel some student loans, then why can’t he cancel all student loan debt?

Here’s what you need to know."

 

 

White House considering an income cap for student debt forgiveness plan

May 3, 2022 | USA Today

"President Joe Biden is considering including an income cap for any possible student debt forgiveness plan, White House press secretary Jen Psaki said Monday."

 

"Will America Grow Up Before It Grows Old?

May 3, 2022 | Peter G. Peterson's Book "Will America Grow Up Before It Grows Old?

"Includes: “.... (President Nixon’s Chief of Staff, HR Hademan) thought the President should send out a personally signed notice with all the (Social Security) checks, which were to be mailed just after the 20 percent benefit hike went into effect, and just before the 1972 election. … The Democratic Congress denied Nixon credit by swiftly barring the kind of notice Haldeman mentioned.”

Wilcox on gas tax postponement stickers: Station owners should 'place their own sign right next to it'

May 3, 2022 | Lake County Gazette

"Gas station operators will be required to post signs at gas pumps letting customers know about the gas tax delay planned for July, but State Sen. Craig Wilcox encouraged gas station operators to post their own signage."

Illinois budget sweeps $5 million from 911 fund, concerning law enforcement

May 3, 2022 | The Center Square Illinois

"(The Center Square) – The new budget Gov. J.B. Pritzker signed sweeps $5 million out of the statewide 9-1-1 fund to start up a new number for mental health emergencies.

The Illinois Association of Chiefs of Police (ILACP) say the sweep was done without the knowledge of law enforcement groups and they have concerns of negative consequences to local 911 operations around the state."

Biden’s bribe to the affluent: student loan forgiveness

April 26, 2022 | New York Post

"The rich get richer, the old saying goes. And President Joe Biden wants to keep it that way. 

Case in point: The White House has announced a major move on student debt, canceling it for almost 40,000 borrowers and bringing 3.6 million closer to forgiveness. Yet student-debt relief mainly benefits the better-off. "

 

 

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