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PI Original
by Ellyn Fortino
3:00pm
Wed Aug 24, 2016

Chicago Board Of Ed Approves $5.4 Billion Budget As Calls Grow For TIF Surplus Ordinance

Progress Illinois provides highlights from Wednesday's Chicago Board of Education meeting, during which the school district's $5.4 billion budget was approved and TIF surplus supporters spoke out.

PI Original
by Ellyn Fortino
3:28pm
Mon Aug 22, 2016

Fair Economy Activists Arrested At Protest Against Corporate 'Tax Dodgers' (VIDEO) (UPDATED)

Members of Fair Economy Illinois took aim at corporate "tax dodgers" during a Monday afternoon protest outside Exelon's Chicago offices. Activists danced the Electric Slide in the street, and 10 protesters were ultimately arrested after they sat down in a downtown intersection and refused to move.

Quick Hit
by Ellyn Fortino
6:29pm
Thu Aug 4, 2016

Experts: Financial Transaction Tax A 'Win-Win For U.S. Economy'

A financial transaction tax would help Wall Street work for Main Street, experts at the left-leaning Economic Policy Institute (EPI) argue in a new report.

In light of the Democratic Party endorsing a financial transaction tax in its platform, EPI's report details how much revenue such a policy could raise, putting the figure anywhere between $110 billion to $403 billion annually.

The tax would impose a small levy on trades of stocks, bonds, derivatives and other financial transactions.

Quick Hit
by Ellyn Fortino
2:45pm
Wed Jul 20, 2016

Chicago Aldermen Approve Property Tax Rebate, Propose Sources Of Revenue For Schools

A group of Chicago aldermen proposed a package of ordinances Wednesday to generate revenue for the city's cash-strapped public schools.

The Chicago Public Schools (CPS) district has a $300 million budget gap, and schools are reportedly facing a 7 percent funding cut in the upcoming academic year.

"We've received some money from the state, but it's just not enough," Ald. Roderick Sawyer (6th) said at a press conference before the council meeting with fellow aldermen, the Chicago Teachers Union and other education advocates.

"We need to find more progressive and more viable solutions to increase revenue so that all of our schools can be adequately financed, so that we can give quality teachers an opportunity to teach in our schools," he continued. "When I had a conversation with a principal yesterday, she was perplexed that she could not hire a 20-plus year veteran school teacher because she could not afford it. That's not right."

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