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Morning Shorts

Monday, Aug 23, 2010

* Tribune Co. says bankruptcy negotiations have failed

* Study: Black males graduating at lower rates

* Civic group gives CPS budget cool OK

Once a $400 million “partial pension holiday'’ expires in 2014, the system’s teacher pension tab is expected to soar from $196 million to nearly $600 million, Civic Federation President Laurence Msall warned.

* Students lobby to use smart phones in classrooms

* Three cops hit by vehicle, one suspect fatally shot

* City is running out of would-be cops

* Eleventh-Hour Deal Averts UIC Strike

Talks to replace three-year contracts for UIC clerical, technical and service workers had stalled. Service Employees International Union Local 73 was gearing up to begin a three-day work stoppage at the university and its medical center this morning.

* Smaller nonprofits could lose their tax-exempt status

The groups were identified because they failed to file required returns for 2007, 2008 and 2009. Many of them were never required to file tax returns before that because of their size.

The Pension Protection Act of 2006 required all tax-exempt organizations other than churches and church-related organizations to file an annual return with the IRS.

* DuPage Water Commission’s financial fix hits $2 million

* Daily Herald: Commission needs continued auditing

* Belvidere faces $1.1 million deficit in new budget

* Chicago-K.C. corridor ready to roll

It’s a safe bet that 99.99 percent of Chicago-area drivers using I-88 or the Eisenhower Expressway (Interstate Highway 290) probably have no idea that they are on stretches of a new national highway corridor: the 532-mile Chicago-Kansas City Expressway. In the state, it also goes by Illinois Highway 110.

* Nearly 10,000 in 7 Illinois counties apply for flood aid

* Grayslake police making themselves at home in Hainesville

Cost considerations led Hainesville to eliminate its two-year-old police department and contract for service with Grayslake. Hainesville expects to save about $300,000 over the next budget year, which runs to April 30.

* City of Decatur’s tax revenue situation showing some improvement

- Posted by Barton Lorimor        


1 Comment
  1. - Butter cow - Monday, Aug 23, 10 @ 12:46 pm:

    See the St. Louis paper’s article about Michigan? Michigan killed off their state fair this year for the first time in over 100 years.


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