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.

⚠️ Hydrologic Outlook issued June 20 at 2:22PM CDT by NWS Chicago IL
Today Jun 20
Rain Showers
72° 58°

Rain Showers

💨 0 to 15 mph 💧 97%

Leave a Comment





Latest News Stories

Trump says Greenland deal underway despite few details

Trump says Greenland deal underway despite few details

By Brett RowlandThe Center Square President Donald Trump said Thursday a deal structure regarding Greenland is developing after he stepped back from threatened tariffs on European allies, which he previously...

WATCH: Showdown at SCOW: Court takes up voter-approved natural gas protection

By Carleen JohnsonThe Center Square The Washington Supreme Court heard arguments Thursday in a case challenging Initiative 2066, a measure approved by voters in Nov. 2024, to make sure natural...
Bill would ban gender transition procedures for minors

Bill would ban gender transition procedures for minors

By Zachery SchmidtThe Center Square A new bill would ban gender transition procedures for Arizona minors. State Sen. Mark Finchem, R-Prescott, this week introduced Senate Bill 1095, which would prevent...

WATCH: Resolution condemning federal immigration law enforcement sparks debate

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois House Democrats are calling for investigation, prosecution and impeachment of federal immigration law enforcement. State Rep....

WATCH: Lawmakers spar over taxpayer-funded Trump investigation

By Andrew RiceThe Center Square Lawmakers on the U.S. House Judiciary Committee equally slammed and praised former special counsel Jack Smith over his involvement in prosecuting President Donald Trump’s alleged...
Chicago splits pension payments in hopes of Improving cash flow

Chicago splits pension payments in hopes of Improving cash flow

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – Illinois State Rep. Dan Ugaste, R-Saint Charles, worries Chicago’s newfound plan to divide annual advance supplemental...
Adequate preparation missing for GenAI in higher ed

Adequate preparation missing for GenAI in higher ed

By Alan WootenThe Center Square Adequate preparation by university faculty to use generative artificial intelligence for teaching or mentoring is not in place at their respective schools, say 68% of...
Following GOP criticism, Pritzker finds $481.6 million in budget reserves

Following GOP criticism, Pritzker finds $481.6 million in budget reserves

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Governor’s Office of Management and Budget says it has identified more than $480 million of budget...
Critics slam Illinois’ $36M park grants as political, wasteful

Critics slam Illinois’ $36M park grants as political, wasteful

By Cat Barker | The Center Square contributorThe Center Square (The Center Square) – The Pritzker administration’s recent announcement of $36 million in state grants for local park projects is...
First arrests made following St. Paul church attack, 'more to come'

First arrests made following St. Paul church attack, ‘more to come’

By Elyse ApelThe Center Square Federal officials have made three arrests in connection with a protest that disrupted a Sunday morning church service in St. Paul. U.S. Attorney General Pamela...
Illinois Quick Hits: Chicago pays OT to potentially ineligible workers

Illinois Quick Hits: Chicago pays OT to potentially ineligible workers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago’s inspector general has advised the city’s human resources and finance departments that from 2020 through 2024,...
will county board graphic

County Authorizes Condemnation to Advance Francis and Marley Road Improvements

Will County Board Meeting | January 15, 2026 Article Summary: To facilitate safety improvements at the intersection of Francis Road and Marley Road in New Lenox Township, the Will County...
lincoln way school district 210 logo.2

Board Approves 2026-2027 School Calendar

Lincoln-Way 210 Board of Education Meeting | Jan. 15, 2026 Article Summary: The Board of Education adopted the official school calendar for the 2026-2027 academic year. The schedule includes a...
Frankfort Square Park District Logo Graphic

Park Board Plans Multi-Year Athletic Field Improvements

Frankfort Square Park District Meeting | Dec. 1, 2025 Article Summary: Commissioners discussed a long-term strategy to improve drainage and usability at district athletic fields, with the district planning to assume...
Illinois Quick Hits: U.S. rep proposes restriction on housing purchases

Illinois Quick Hits: U.S. rep proposes restriction on housing purchases

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois U.S. Rep. Mary Miller, R-Oakland, has introduced legislation to restrict large institutional investment firms from buying...