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Daily Whale Originals

Fitch affirms stable bond rating for City Colleges of Chicago

Earlier this week, Fitch Ratings gave an AA- stable rating to $250 million worth of bonds City Colleges of Chicago issued in 2013. The rating marks the second time the bonds have received an AA- stable bond rating from the agency.

City Colleges of Chicago (CCC) issued the bonds to support a five-year, $524 million capital plan to implement specific industry focuses at each of CCC’s seven colleges, according to a press release from the community college district.

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Illinois comptroller presents four principles to guide state’s response to financial difficulties

Illinois Comptroller Leslie Geissler Munger on Wednesday laid out a four principles that she urged lawmakers to consider while addressing the state’s debilitating financial situation.

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New report highlights impact of state budget impasse on human services

The Voices for Illinois Children Fiscal Policy Center released a report on Tuesday detailing the negative impact of the budget impasse in Springfield on human services across the state.

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Illinois Department of Corrections to provide assistance for ex-offenders at event on Tuesday

The Illinois Department of Corrections will host the Summit of Hope in Aurora on Tuesday, a program that aims to provide probationers and parolees with assistance reintegrating into their community and lower their chances of recidivism.

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Emanuel announces expansion of Large Lot program

Mayor Rahm Emanuel on Friday announced plans to expand a program through which the city sells vacant residential lots for $1.  The Large Lot program will now extend into the Roseland and Pullman neighborhoods.

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RTA presents 2016 Community Planning Program’s proposed recipients

The Regional Transportation Authority Board on Thursday announced eight entities eligible for receiving planning assistance or funding for transit projects through the 2016 Community Planning Program.

Under the Community Planning Program, municipalities, counties, townships, RTA service boards, and government councils within the six-county service area are invited by the agency to submit applications for projects that will serve the public at the same time benefiting the regional transit system.

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Cook County commissioners postpone vote on measure creating gun violence task force

After lengthy debate during the Cook County Criminal Justice Committee meeting on Wednesday, commissioners decided to delay voting on a proposed ordinance that would establish a gun violence task force and appoint a gun violence “czar” with a goal of reducing gun violence in Cook County.

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City Club panel: Property tax increase tough, but necessary

During a City Club of Chicago panel discussion on Tuesday, panelists underscored the importance for the city to implement a property tax increase, among other revenue generating measures, in order to address Chicago’s current financial shortfall. 

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CDC awards Illinois grant to combat prescription drug overdoses

The Centers for Disease Control (CDC) on Friday awarded Illinois a four-year, $3.6 million grant to fund efforts to prevent prescription opioid overdoses. 

Illinois was one of sixteen states that received grant funding through the CDC’s Prescription Drug Overdose: Prevention for States program, which aims to end what officials have described as a prescription drug overdose epidemic.

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Sheriff, childcare providers tell Springfield to restore youth services funding cuts

With Chicago Public Schools’ classes set to resume next week, Cook County Sheriff Tom Dart and youth development leaders on Thursday called on state lawmakers to restore cuts to childcare assistance and afterschool programs.

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