IN THE NEWS

Illinois Dems Target Carried Interest Loophole

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Legislation addressing the so-called “carried interest loophole” is gaining momentum in Illinois after the release of data finding the measure would generate $473 million for the cash-starved state. Grassroots Collaborative, a coalition of labor unions and human service organizations, April 19 touted passage of a new privilege tax on private equity firms, hedge funds and […]

As Obama exits scene, Chicago legacy debated

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But community organizer Amisha Patel said Obama too often tried to walk a fine line on such issues. “I think the president was afraid to be clear on an urban agenda. I don’t think he thought he had room to move on that, and so you get a really hands-off approach, these half-solutions,” Patel said. […]

Rahm Avoids Criticizing ‘Absentee Fathers’ In Anti-Violence Speech

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CITY HALL — Mayor Rahm Emanuel had been expected to talk about the role of parenting in preventing violence in his big speech Thursday, but aldermen and activists cautioned him about the “myth” of the absentee African-American father. In the end, Emanuel seemed to sidestep the issue in his speech on Thursday, and mentioned the word “parenting” […]

Community Leaders Tackle Downward Spiral of Gun Violence in Chicago

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A staged funeral procession to Mount Sinai Hospital was one of several discussions that took place Tuesday to address the growing problem of gun violence in Chicago. “I lost a brother, sister, an uncle and two cousins to gun violence right here in this neighborhood,” said Rev. Robin Hood, Illinois Anti-Foreclosure Alliance There is no […]

Illinois faces further credit dings and interest rate swap crisis

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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

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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 […]

PRESS RELEASES

Decatur Residents Demand Illinois Budget with New Revenue

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As Budget Impasse Continues, Residents Speak Out on Damage Being Done to Local Community Decatur, IL – On Monday, Decatur residents and elected officials called on officials in Springfield to pass a fair budget that raises new revenue from those who can most afford it, and funds the programs and services that Decatur residents need. […]

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

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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

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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 […]