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Quick Hit
by Matthew Blake
Tue Jan 31, 2012

Turning Point On Corporate Tax Breaks?

CME Group logoThe city announced that CME Group, Inc. financial exchange elected to turn down $15 million in Tax Increment Financing, or TIF, money.

The announcement came the same day that the Mayor’s office announced TIF reform and two other companies – CNA Group and Bank of America – also returned TIF money. Moreover, CME Group's announcement comes after Stand Up! Chicago delivered a golden toilet to the company’s downtown headquarters last week, partly in protest of their tax incentives.

PI Original
by Steven Ross Johnson
Thu Dec 15, 2011

Corporate Tax Dodge Report Reveals Millions Lost In Illinois

As Illinois lawmakers this week passed a $371 million tax break package aimed at keeping Chicago’s financial exchanges and Sears from fleeing the state, a new study has helped to shed some light on the issue of corporate tax incentives, finding that a number of Illinois’ most profitable firms have paid little in state corporate income taxes in the past three years.

Quick Hit
by Matthew Blake
Wed Dec 14, 2011

Mental Health Advocates Call Emanuel A Grinch (VIDEO)

The Southside Together Organizing for Power coalition used the final City Council meeting of the year Wednesday to pillory Rahm Emanuel and the City Council for closing down six of the city’s twelve mental health clinics. The City Council passed the 2012 budget 50-0 last month, a budget that will shutter the clinics as well as privatize seven health centers and lay off 155 city health workers.

STOP protesters sang, “Holiday carols to save our clinics” outside of City Council chambers. For example, to the tune of Rudolph the Red-nosed Reindeer, two-dozen or so protesters belted out, “Mayor Emanuel’s budget/Wants to make our clinics close/All of the City Council/Shrugs and says, ‘That’s how it goes.’”