After Puerto Rico’s collapse, is your city or state next?
After Puerto Rico’s collapse, is your city or state next?
Jon Cassidy | June 06, 2016|   165
With short-term budget troubles and colossal long-term debt, Kentucky, Illinois, New Jersey, Massachusetts, and Connecticut, in particular, are much closer to the basket case economic condition of the Caribbean territory on the Mercatus fiscal health index than they are to states such as Texas, Missouri, Florida, or Nebraska, where budgets are balanced and public pension systems may yet be salvaged.
Airbnb regulations could prove costly for Chicago
Airbnb regulations could prove costly for Chicago
Eric Boehm | June 06, 2016|   35
If Chicago presses forward with onerous regulations for home-sharing services like Airbnb, it might be hurting its own bottom line.
Chicago Teachers Union lashes out
Amelia Hamilton | June 03, 2016|   5
On the heels of Chicago Public Schools CEO Forrest Claypool saying schools might not open in the fall because of a funding impasse, the Chicago Teachers Union is blaming a lack of leadership. CTU Vice President Jesse Sharkey called Gov. Bruce Rauner “crazed,” and went on to say “that’s why we’re saying the city has to do its […]
Will Chicago schools open in the fall?
Amelia Hamilton | June 02, 2016|   2
Chicago Public Schools CEO Forrest Claypool says the city’s schools might not open in the fall if the state fails to approve an education budget. “Even those that might open could probably only do so for 30 days or 60 days,” he said, because the school district’s bad bond rating makes it prohibitively expensive to borrow money. […]
Chicago Teachers Union proposal ‘treats taxpayers like ATMs’
Chicago Teachers Union proposal ‘treats taxpayers like ATMs’
Heather Kays | May 18, 2016|   39
The Chicago Teachers Union recently released its plan to save Chicago Public Schools — almost $500 million in tax hikes on top of an already-approved largest property-tax increase in the city’s history. “Revenue solves funding problems,” CTU president Karen Lewis declared in a press release. Not considered as a solution by the teachers union were cost-cutting measures, reforms regarding […]
Watchdog Podcast: Blowing the whistle at the Social Security Administration
Eric Boehm | May 06, 2016|   2
It's a story that's become all too common: government official brings a problem to his supervisors, government official gets told to shut up and go away.
‘Financial reality is not negotiable’: Puerto Rico bankruptcy could send dangerous signal to states
‘Financial reality is not negotiable’: Puerto Rico bankruptcy could send dangerous signal to states
Jason Hart | May 06, 2016|   44
Puerto Rico defaulted on a $370 million bond payment on Monday, but a congressional restructuring of the territory's debt could set a dangerous precedent for states.
As Chicago crafts new rules for Airbnb, city isn’t listening to users
As Chicago crafts new rules for Airbnb, city isn’t listening to users
Eric Boehm | May 06, 2016|   128
Before writing new rules that affect 4,500 Airbnb hosts across the city of Chicago, you might expect city officials to hear what those people have to say.
All seniors at Chicago suburb charter school are college bound
Emily Leayman | May 05, 2016|   3
All 109 seniors attending Southland College Preparatory Charter High School in Richton Park, Ill., were accepted into colleges. Students in the predominately black suburban Chicago school district received about $21.2 million in scholarships, and some were accepted into multiple schools. A few will be Ivy League-bound, like Jocelyn Dorney, who got into her dream school: Yale […]
Chicago prepares for another teacher strike
Chicago prepares for another teacher strike
Amelia Hamilton | April 29, 2016|   5
The Chicago Teachers Union will meet next week to determine what issues could lead to another strike before the year is out. CTU Vice President Jesse Sharkey said that members would strike if Chicago Public Schools stops picking up the bulk of teacher pension contributions. “We would respond accordingly and it would be on,” Sharkey said. But pensions are not the only thing […]