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The Times: Could Madigan lose speakership?
House Speaker Mike Madigan is the most powerful man in Illinois politics.
He controls whether bills live or die. He controls the legislative map. He controls a property tax law firm that makes millions on the back of his influence.
But on Nov. 8, Illinois voters proved he can be beaten. They sent a clear message to the longtime House speaker: “enough.” Madigan will no longer control a veto-proof supermajority in the Illinois House.
BND: Voters in favor of property tax caps, but they may not lower your taxes
While voters sent a clear message to the state legislature on property tax caps, a local school superintendent said it’s not enough.
O’Fallon residents overwhelmingly agreed that local governments should be required to seek voter approval prior to increasing the property tax referendum in an advisory non-binding referendum on Nov. 8.
The unofficial election result was 13,091 in favor and 1,418 against in the Nov. 8 election in St. Clair County.
Bloomberg: State of Illinois Pulls $2.4 Billion From Active Managers
Marc Levine, chairman at Illinois State Board of Investment, explains his investment strategy as the board chose to pull $2.4 billion of funds from active managers. He speaks on “Bloomberg Markets.”
Sun-Times: Residential tax cheats cost Cook County millions
A suspended Harvey police officer is among at least 8,171 Cook County property owners who wrongly received tax breaks over the past decade on homes they didn’t live in — costing more than $24 million, a burden other taxpayers had to make up.
Lemuel Askew — a Harvey cop for 30 years who’s awaiting trial on charges he bought stolen tools and other goods — is among the owners of 34,804 homes who got property-tax breaks they weren’t eligible for, records examined by the Chicago Sun-Times show.