Entries by GRCAdmin

Downtown Prosperity, Neighborhood Neglect

Grassroots Collaborative’s report, Downtown Prosperity, Neighborhood Neglect: Chicago’s Black and Latino Workers Left Behind looks at the racial inequality created by city priorities through exploration of US Census data. The report lays out a sharp racial disparity in downtown job gains and losses.  From 2002 to 2011, Black majority city zip codes suffered a median loss of […]

Take Back Chicago

For too long Chicago city policy has been dedicated by corporate interests and downtown developers. Grassroots Collaborative, as well as our sister organization, Grassroots Illinois Action, are working to put control of our city back in the hands of our neighborhoods and communities. Working together with a wide set of organizations we are building a […]

Turned Around

A report by the ReFund America project on how the swaps that were supposed to save Illinois millions turned toxic. Illinois is in the throes of a major budget crisis. Even though residents have had to bear draconian cuts as critical services have been defunded, Wall Street has gotten a free pass in the state’s […]

Illinois People’s Agenda

In 2015 Grassroots Collaborative launched the Illinois People’s Agenda: a vision of reinvestment in the people of Illinois. The People’s Agenda provides a new path forward that creates jobs, grows the Illinois economy meets the challenges facing our state in a way that is fair and equitable to all residents and helps Illinois families prosper. […]

Illinois faces further credit dings and interest rate swap crisis

Adding yet another blow to the moribund finances of Illinois, two major credit rating bureaus, Moody’s and Standard and Poor’s, last week gave the midwestern state another financial downturn; this time to just two levels above junk status, in view of the continued lack of a budget and the growing gulf between Republican Gov. Bruce […]

Monday Marks Second Hearing On Illinois’ Controversial Interest Rate Swaps

An Illinois House committee will hold a second subject matter hearing Monday morning in Chicago on the issue of interest rate swaps. City of Chicago Treasurer Kurt Summers is among those expected to testify before the House Revenue and Finance Committee. Last month, Summers urged three Chicago employee pension funds to consider joining class action lawsuits against banks in an effort […]

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 […]

The Peoples Agenda, a path to prosperity for all IL 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 […]