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Sun-Times: Rauner taps presidential museums veteran to head Lincoln library
Six months after the director of the Abraham Lincoln Presidential Library and Museum resigned amid conflicting views with Gov. Bruce Rauner, a veteran of presidential museums has been appointed to take her place.
On Friday, Rauner announced the appointment of Alan C. Lowe as the director of the library and museum in Springfield. Lowe most recently served as the Director of National Archives and Records Administration at the George W. Bush Presidential Library and Museum in Dallas, a post he held since 2009. He also worked at the Franklin D. Roosevelt Library in New York and the Ronald Reagan Presidential Library in California.
CBS Chicago: Highest Paid Illinois School Supt. Gets $400K To Oversee 1,200 students
Troy Paraday is the highest compensated superintendent in Illinois, even though his Calumet City School District 155 is small and the students are failing.
He makes even more money than the CEO of Chicago Public Schools.
2 Investigator Pam Zekman asks: How could this happen?
Paraday makes a base salary of $315,814, but he also gets an annuity of more than $31,000. The board also pays his pension contribution of $36,000 plus $29,000 for insurance and other benefits.
Sun-Times: The Donald & the Democrat; Burke saved Trump $11.7M
A law firm headed by Ald. Edward M. Burke, one of Chicago’s most powerful Democrats, has helped Republican presidential candidate Donald Trump and investors in his luxury downtown hotel cut their property taxes by 39 percent over seven years, saving them $11.7 million, a Chicago Sun-Times analysis has found.
Burke — one of 47 Chicago aldermen who voted to approve development of Trump International Hotel & Tower in 2002 — won reductions in six of the seven years for the hotel, retail and other commercial space in the skyscraper, records show.
Sun-Times: Rahm backing 4 percent surcharge on Airbnb bills
Another week, another homeless inititative from Mayor Rahm Emanuel.
Last week, it was a pilot program to find housing for 75 homeless people camped under Lake Shore Drive viaducts.
This week, he’s signing on to a proposal by Chicago aldermen to double his proposed surcharge on house-sharing businesses like Airbnb, with the proceeds to be used to provide services for the homeless.
Wirepoints: New Jersey’s Warning to Illinois on Flight and Inequality
One person’s move from New Jersey to Florida for tax reasons had New Jersey leader’s “freaking out” this month, according to the Associated Press. It should have Illinois’ leaders freaking out, too, along with anybody concerned about inequality, which should be all of us.
That individual was hedge fund manager David Tepper. Florida has no income tax and Tepper was paying 9% in New Jersey. He is estimated to be worth over $10 billion and his departure to Florida will cost New Jersey about $100 million annually, though the exact number is hard to know. “We may be facing an unusual degree of income-tax forecast risk,” this year, said a budget official there, citing Tepper’s planned move as prime cause for concern.
Where the story gets interesting is the interplay with inequality, and Fortune had a particularly thoughtfularticle on that. “New Jersey’s tax problem is just a more extreme version of what many state and local governments will have to contend with as growing income inequality slows economic growth and shrinks tax bases,” wrote Fortune. Citing a report from Standard & Poor’s, they said state tax revenue has become more volatile as progressive tax states have come to rely more heavily on capital gains from top earners. Further, the pace of revenue growth is declining and disparity in income is contributing to lower tax revenue growth by weakening the rate of overall economic expansion. They conclude: