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

Trump touts accomplishments, future policies during primetime address

Trump touts accomplishments, future policies during primetime address

By Sarah Roderick-FitchThe Center Square In what is likely his final address to the nation of the year, President Donald Trump touted what he said were his accomplishments, and previewed...
Closing arguments made in congressional redistricting suit

Closing arguments made in congressional redistricting suit

By Madeline ShannonThe Center Square Lawyers supporting and opposing California’s congressional redistricting maps made their closing arguments in the lawsuit Wednesday in federal court in Los Angeles. The case is...
U.S. House passes GOP health care bill, sends to Senate

U.S. House passes GOP health care bill, sends to Senate

By Thérèse BoudreauxThe Center Square The U.S. House passed the Lower Health Care Premiums for All Americans Act in a party line, 216-211, vote Wednesday, sending the bill to its...
Tips solicited for Brown University still at-large shooter

Tips solicited for Brown University still at-large shooter

By Chris WadeThe Center Square Law enforcement officials continued their hunt for the suspect in the deadly shooting at Brown University on Wednesday as they doubled down on calls for...
Illinois quick hits: Bovino thanks police; fire assistance grants available

Illinois quick hits: Bovino thanks police; fire assistance grants available

By Jim Talamonti | The Center SquareThe Center Square Bovino thanks police U.S. Customs and Border Protection Commander Gregory Bovino has expressed his appreciation to police officers in Chicago and...
Senate passes $900 billion Pentagon funding bill, sends to Trump's desk

Senate passes $900 billion Pentagon funding bill, sends to Trump’s desk

By Thérèse BoudreauxThe Center Square The U.S. Senate passed the 2026 National Defense Authorization Act in a 77-20 vote Wednesday, sending the roughly $901 billion bill to President Donald Trump's...
Bongino to resign as FBI deputy director in January

Bongino to resign as FBI deputy director in January

By Thérèse BoudreauxThe Center Square Dan Bongino, deputy director of the Federal Bureau of Investigation, will vacate his position in January. Bongino gave no reason for his leaving in the...
IL House Speaker: 'not even close' to school choice legislation

IL House Speaker: ‘not even close’ to school choice legislation

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The speaker of the Illinois House says he would put school choice legislation up for a vote...
IL comptroller: Chicago mayor’s policies chase businesses away

IL comptroller: Chicago mayor’s policies chase businesses away

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Comptroller Susana Mendoza says Chicago is chasing job creators away with crippling policies. Citadel moved 900...
Menards settles deceptive 11% rebate lawsuit for $4.25M with 10 states

Menards settles deceptive 11% rebate lawsuit for $4.25M with 10 states

By Jon Styf | The Center SquareThe Center Square (The Center Square) – Wisconsin-based Menards has agreed to pay a combined $4.25 million to settle a lawsuit from 10 states...

WATCH: Illinois decoupling law recaptures taxes federal code cuts

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says Illinois decoupling from portions of the federal tax code was necessary to keep...

WATCH: Amid continued enforcement, Pritzker tells ICE protesters: ‘Do as you have’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Immigration enforcement continues in Illinois as Gov. J.B. Pritzker again encouraged protesters to “do as you have.”...
WATCH: Pritzker enacts assisted suicide law, other bills; Gun storage law begins Jan. 1

WATCH: Pritzker enacts assisted suicide law, other bills; Gun storage law begins Jan. 1

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 reviews the proponents...
Two states designate Muslim group as terrorist, but other GOP governors mum

Two states designate Muslim group as terrorist, but other GOP governors mum

By Johnny EdwardsThe Center Square The governors of Texas and Florida have declared the nation’s largest Muslim advocacy group a foreign terrorist organization, but they may stand alone. None of...
Everyday Economics: A divided Fed heads into a critical data week

Everyday Economics: A divided Fed heads into a critical data week

By Orphe DivounguyThe Center Square The Federal Reserve cut interest rates again last week, lowering the target range for the federal funds rate by 25 basis points to 3½–3¾ percent....