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

WATCH: Pritzker says receipts shown ‘all the time’ as audits show weaknesses

WATCH: Pritzker says receipts shown ‘all the time’ as audits show weaknesses

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker insists there’s not been any alleged fraud in Illinois that should cause the Trump...
Pro life org to Congress: Hyde Amendment is non-negotiable

Pro life org to Congress: Hyde Amendment is non-negotiable

By Tate MillerThe Center Square An American pro-life group told President Donald Trump and Congress that the Hyde Amendment is “non-negotiable,” following comments from the president that Republicans should be...
Florida joins redistricting push, schedules special session

Florida joins redistricting push, schedules special session

By Merrilee GasserThe Center Square Florida is joining a growing list of states seeking to redraw their congressional maps and gain an advantage in the November midterm elections. Gov. Ron...
Senate takes first vote to limit military action in Venezuela

Senate takes first vote to limit military action in Venezuela

By Andrew RiceThe Center Square The U.S. Senate took a bipartisan step on Thursday to pass a resolution limiting President Donald Trump from the use of further military force in...
Dem officials urge Trump EPA to keep Biden’s PFAS rules

Dem officials urge Trump EPA to keep Biden’s PFAS rules

By John O’Brien | Legal NewslineThe Center Square Democrat state attorneys general are resisting changes made by the Trump administration that affect what companies must disclose about the use of...
Protests continue Thursday in Minneapolis; schools canceled

Protests continue Thursday in Minneapolis; schools canceled

By J.D. DavidsonThe Center Square (The Center Squares) – Protests continued Thursday after thousands of protesters took to the streets in Minneapolis on Wednesday night, rallying against ICE agents in...
IL lawmaker critical of ‘illegal orders’ video as Pentagon moves to punish senator

IL lawmaker critical of ‘illegal orders’ video as Pentagon moves to punish senator

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois lawmaker and Air Force veteran says U.S. Sen. Mark Kelly’s call for troops to...
Illinois quick hits: Tax receipts increase $1.5 billion year-over-year

Illinois quick hits: Tax receipts increase $1.5 billion year-over-year

By Jim Talamonti | The Center SquareThe Center Square Tax receipts increase $1.5 billion year-over-year Citing a report by the Illinois Commission on Government Forecasting and Accountability, the National Federation...
WATCH: HHS tells Pritzker ‘show receipts’ on welfare spending; Energy bill to be signed

WATCH: HHS tells Pritzker ‘show receipts’ on welfare spending; Energy bill to be signed

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares conversations about...
Cato scholar: Fraud being investigated in Minnesota likely occurring across U.S.

Cato scholar: Fraud being investigated in Minnesota likely occurring across U.S.

By Hayley FelandThe Center Square The widespread fraud in Minnesota that's made national headlines in recent weeks is likely occurring in states across the country, Cato Institute scholar Chris Edwards...
Supreme Court could rule on Trump's tariff authority Friday

Supreme Court could rule on Trump’s tariff authority Friday

By Brett RowlandThe Center Square The U.S. Supreme Court could issue a landmark ruling Friday on President Donald Trump's authority to use tariffs, potentially reshaping presidential power. Alan Morrison, a...
Glen Ellyn can’t enforce Airbnb rules vs owner who says was target

Glen Ellyn can’t enforce Airbnb rules vs owner who says was target

By Scott Holland | Legal NewslineThe Center Square The operators of a Glen Ellyn Airbnb property have won an junction blocking the village from enforcing an ordinance controlling short-term rentals...

WATCH: HHS tells Illinois ‘show us the receipts’ on welfare spending

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Nearly a billion federal taxpayer dollars for child care and family assistance programs are being withheld from...
Illinois quick hits: IG finds 26 cases of sexual misconduct at Chicago schools

Illinois quick hits: IG finds 26 cases of sexual misconduct at Chicago schools

By Jim Talamonti | The Center SquareThe Center Square IG finds 26 cases of sexual misconduct at Chicago schools The Office of Inspector General for the Chicago Board of Education...
IL House speaker signals insurance regulation described as 'ill-advised'

IL House speaker signals insurance regulation described as ‘ill-advised’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The speaker of the Illinois House is signaling that insurance regulation will be a priority for state...