* The Bond Buyer writes about the ever escalating feud between Gov. Rauner and Mayor Emanuel in the wake of the governor’s recent veto of the Chicago pension bill and its impact on the state’s bond rating…
“I just think the politics just over the last week have gotten so fractious it’s hard to imagine more bad things not happening to the city and state’s credit profile,” said Matt Fabian, partner at Municipal Market Analytics. “The level of chaos is rising and Chicago will be dragged into that and it undermines the city’s narrative” that it’s turned a fiscal corner.
A sweeping bipartisan Senate budget fix has stalled and Rauner’s feuding with Democrats has escalated of late with harsh words exchanged with Mayor Rahm Emanuel and state Comptroller Susanna Mendoza. […]
If the state’s budget impasse drags into a third fiscal year July 1 its investment grade rating is at risk and that would have a trickle down impact on the city, Fabian said.
* Meanwhile, this is from the publication’s Illinois reporter…
* And from yesterday…
Mayor Rahm Emanuel hasn’t even said for sure that he’ll seek a third term in 2019, but Gov. Bruce Rauner predicted Monday the mayor won’t be around for a fourth.
The governor’s prognostication that “the current mayor is not going to be mayor in 2023” came at an event about the stalled effort to create a toll lane on the Stevenson Expressway, as Rauner talked about his veto last week of Emanuel’s proposed changes to the city’s pension funds for municipal workers and laborers. […]
“Who’s not going to be mayor in 2023?” Rauner said. “The current mayor is not going to be mayor in 2023. That’s why they did it. All this is, all this is a system to dump the problem into the next elected official, no change, no protection of taxpayers, no fundamental reform.” […]
“At the rate he’s going, Bruce Rauner should be more concerned with who’s governor in 2019 than he is with who’s mayor in 2023,” [Emanuel campaign] spokesman Pete Giangreco said.
Yep. Lots of progress.