Entries by Grassroots Collborative

Experts Sound Alarm: Wall Street Banks Set to Shakedown Illinois for $870 Million Unless Springfield Acts Fast

Mayor Emanuel Paid Out Hundreds of Millions to Wall Street Banks on Swap Deals that Torpedoed Chicago and CPS budgets, Governor Rauner Urged to Not Repeat Mistake with State Swaps CHICAGO, IL – On Monday, the Illinois House Revenue and Finance Committee held a second subject matter hearing on interest rate swap deals that have […]

Failure of Emanuel Administration to Push Through Swap Payments a Victory for Working Families

The House failed to bring the Fair Tax Amendment (HJRCA 59) to a vote, missing the deadline for placing it on the ballot for the upcoming November elections. The Fair Tax amendment, that would have allowed voters to vote on a constitutional amendment to implement a progressive income tax enjoyed massive public support in both Democratic […]

Financial Experts and Social Service Providers Challenge State, Municipal, and CPS Payments to Wall Street Banks

Chicago, IL – On Wednesday, a set of financial experts and social service providers gave testimony before the Illinois House Revenue and Finance Committee detailing how Wall Street banks have soaked all levels of government in Illinois for hundreds of millions of dollars through interest rate swaps and other complex financial deals. “In essence the […]

Legislators and Grassroots Leaders Release the People’s Agenda, A People-Focused Alternative to Turnaround Agenda

On the eve of Rauner’s Budget Address, Groups Lays Out New Vision to Put People Back on the Agenda in Illinois State Government The People’s Agenda can be found at: http://thegrassrootscollaborative.org/sites/default/files/ThePeoplesAgenda.pdf Springfield, IL – On Tuesday, February 16, grassroots leaders joined with legislators to release the People’s Agenda, a new report laying out a plan […]