Illinois quick hits: Chicago debt deal pushes payments down road

Illinois quick hits: Chicago debt deal pushes payments down road

Spread the love

Chicago debt deal pushes payments down road

Chicago Mayor Brandon Johnson is reportedly structuring the city’s debt with a deal that makes no payments for the next three-plus years. The Chicago Tribune Editorial Board found that the city is preparing to solicit bond investors for more than $500 million to cover back pay owed to firefighters and anticipated costs to settle lawsuits.

The report says the cost of the debt is likely to rise as investors demand higher yields in response to Chicago’s precarious financial condition.

Man sentence to 15 years for producing child porn

A district judge has sentenced a Richland County man to 28 years in federal prison plus 15 years of supervised release after he admitted to producing child pornography.

According to court documents, a mother discovered cell phone video of her 13-year-old engaging in sexual acts with Joseph Jared St. Pierre, 37, of Olney in July 2024.

State Reparations Commission issues report

The Illinois African Descent-Citizens Reparations Commission has released a 294-page document examining how slavery and its vestiges produce historical harms and continue to generate inequities for Black Illinoisans.

The commission said the report will help inform debate over how to repair and redress the damage. The report authors said it was beyond the scope of the document to determine what the remedies should be.

Leave a Comment





Latest News Stories

Second family welcomes baby boy

Second family welcomes baby boy

By Sarah Roderick-FitchThe Center Square And the new baby makes six – Vice President JD Vance and Second Lady Usha Vance welcomed a baby boy Sunday morning. The vice president...

Everyday Economics: Falling gas prices helped keep consumers spending

By Orphe DivounguyThe Center Square Inflation fell more than expected in June. That gave consumers some breathing room, and they kept spending – even if they became more selective about...
Illinois may bring early warning of toll costs ahead of proposed rate hike

Illinois may bring early warning of toll costs ahead of proposed rate hike

By Sean Reed | The Center SquareThe Center Square (The Center Square) – While Illinois contemplates raising prices on tollways across the state, one state lawmaker wants increased transparency for...
Illinois senator says True Value move highlights business climate concerns

Illinois senator says True Value move highlights business climate concerns

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois state Sen. Chris Balkema said True Value’s decision to move its headquarters from Chicago to...
Two service members killed, one missing in Iranian strike

Two service members killed, one missing in Iranian strike

By Sarah Roderick-FitchThe Center Square Two U.S. service members have been killed in action, and one remains missing following an Iranian missile strike in Jordan, U.S. Central Command announced Saturday...
U.S. Coast Guard monitors Chinese ships off Alaska coast

U.S. Coast Guard monitors Chinese ships off Alaska coast

By Bethany BlankleyThe Center Square The U.S. Coast Guard is actively engaged in Arctic defense, monitoring and dealing with potential national security threats posed by Chinese ships. Last summer, the...
Millions celebrate America 250, Sail250 events in key ports

Millions celebrate America 250, Sail250 events in key ports

By Bethany BlankleyThe Center Square Millions of Americans celebrated America 250, Sail250 events in key ports, boarding scores of ships that sailed thousands of nautical miles to celebrate the 250th...
Chicago delays vote on parking meter sale, risks litigation

Chicago delays vote on parking meter sale, risks litigation

By Sean Reed | The Center SquareThe Center Square (The Center Square) – A long-awaited vote from the Chicago City Council to move forward with approving the sale of the...
Hegseth's 'High-T' troop screening mandate comes without cost estimate

Hegseth’s ‘High-T’ troop screening mandate comes without cost estimate

By Brett RowlandThe Center Square The Department of War is mandating annual testosterone screening for every active-duty and reserve service member age 30 and older, a mandate affecting about 2...
Congressional candidates tackle housing, immigration

Congressional candidates tackle housing, immigration

By Andrew RiceThe Center Square Immigration and housing policies will be at the top of voters’ minds in Arizona’s 6th and 9th congressional districts, races that could determine control of...
Senators to examine hospital price transparency legislation

Senators to examine hospital price transparency legislation

By Andrew RiceThe Center Square A bipartisan coalition of lawmakers is set to examine a bill next week to require hospitals and insurance companies to display prices for provided services....
Transit bill sponsor ok with recycled board appointments

Transit bill sponsor ok with recycled board appointments

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Although recent appointees to the new Northern Illinois Transit Authority already hold seats on current transit boards...
U.S. adds 3.5M businesses despite shaky economy

U.S. adds 3.5M businesses despite shaky economy

By Andrew Rice | The Center SquareThe Center Square (The Center Square) - The United States added nearly 3.5 million new businesses in the first half of 2026, breaking previous...
Walmart targeted with lawsuit over customer service line voice recordings

Walmart targeted with lawsuit over customer service line voice recordings

By Jonathan Bilyk | Legal NewslineThe Center Square (Legal Newsline) — Walmart has been tagged yet again in a class action lawsuit brought under Illinois' biometrics privacy law, this time...
Illinois quick hits: Collinsville man pleads guilty to sex abuse of children

Illinois quick hits: Collinsville man pleads guilty to sex abuse of children

By Jim Talamonti | The Center SquareThe Center Square DCFS honors scholarship recipients The Illinois Department of Children and Family Services honored 317 youth in care with a scholarship luncheon...