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Author Archives: Steve Reick
Sometimes You Have To Hold Your Nose And Vote “Yes”
On Monday, the House finally passed an education funding bill. The last time the legislature passed a funding bill was in 1997, and in those 20 years, the formula has been changed to the point where the original was barely … Continue reading
Posted in Education, Illinois Budget, Property Taxes
Tagged Chicago Public Schools, Education, Education Funding
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Cook County “Pop Tax” Creates Entrepreneurial Opportunity
The latest story to hit the airwaves is the threat by the Federal government to cut off food stamp (SNAP) benefits to Cook County as a result of its 1 cent per ounce “pop tax”, which could result in an … Continue reading
The Pension Shift Buried in the Illinois Budget
As Nancy Pelosi famously said during the Obamacare debate: “(W)e have to pass the bill so you can find out what is in it…” That quote must also be applied to the Budget Implementation Bill (BIMP) passed by the Illinois … Continue reading
Posted in Education, Property Taxes, Public Pensions
Tagged Illinois Budget, Public Pensions
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Let’s Turn the Boil Down to a Simmer
There’s some misinformation flying around about the Governor’s amendatory veto of the school funding bill (SB 1) which needs to be addressed. The thing that’s got my attention is the discussion surrounding the calculation of the “hold harmless” provision. The … Continue reading
Posted in Education
Tagged Education Funding, Evidence Based Model, PTELL, SB 1, TIF
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OK, Mr. Speaker, the Ball’s in Your Court.
The Governor has issued an amendatory veto to Senate Bill 1, and the gnashing of teeth and rending of garments has begun. Chicago Mayor Emmanuel, who’s staring into an abyss not completely of his own making but which is now … Continue reading