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Afternoon roundup

Monday, Feb 27, 2023 - Posted by Rich Miller

* Tribune

When the whistle blows at the Belvidere Assembly Plant on Tuesday, it may signal the end of an era.

For nearly six decades, the massive auto plant has been the economic engine of the small river city near Rockford, churning out everything from the Plymouth Fury and the Chrysler New Yorker to the Dodge Dart.

But after several years of downsizing and dwindling demand for its current product, the Jeep Cherokee, Stellantis is idling the plant “indefinitely,” laying off the last 1,200 workers and perhaps closing it for good.

Statement from the Pritzker administration…

Illinois is focused on supporting workers impacted by the plant’s idling and has been on the ground providing workshops and support services to furloughed workers since receiving notification of the company’s plans in December 2022. In partnership with local leaders, community colleges and workforce partners, the State continues to work diligently to ensure impacted workers have the support they need. At the same time, Illinois continues to work closely with Stellantis as the company works to identify opportunities to repurpose the Belvidere facility to adapt to changes in the automotive market. REV Illinois and the closing fund, combined with our top-ranked infrastructure, abundant workforce and investments in statewide training, make Illinois a turn-key choice for any large company in the clean energy sector.

Not looking good.

* Pew

Nationwide and in 32 states as of the end of the second quarter of 2022, cumulative tax receipts since the pandemic’s start, adjusted for inflation, were even higher than they would have been if pre-COVID growth trends had continued—despite fallout from the pandemic and a two-month recession. According to Pew estimates, New Mexico led all states, with 17.1% more cumulative tax revenue than it would have collected under its pre-pandemic growth rate. Idaho was second at 16.7% above the trend. Nationally, combined tax revenue at the end of the second quarter of 2022 was 4% above estimates of what might have been collected had the pandemic not occurred.

However, estimates also show that cumulative tax revenue fell short of its pre-COVID growth trend in slightly more than a third of states since the pandemic’s onset. This suggests less extraordinary growth than the recent spate of budget surpluses and the scale and scope of enacted tax cuts might otherwise indicate.

Illinois in orange compared to all 50 states in blue and Ohio in green

Click here to do your own comparisons.

* Tribune

The Illinois Supreme Court should reject a “grab-bag of constitutional theories” put forward by prosecutors across the state who are challenging a measure that would eliminate cash bail, the attorney general’s office argued in a final appeal brief filed Monday. […]

The brief said the high court has “no persuasive reason” to side with the prosecutors, and argued that their position would “effectively bar the General Assembly from ever reforming pretrial procedures in the State.” […]

“The clause by its plain language guarantees rights only to crime victims; it cannot reasonably be read to require a system of monetary bail,” the brief said, “and it is easily squared with the pretrial release provisions, which at multiple stages require courts to consider crime victims in making release decisions.”

* Crain’s

The practice of considering environmental, social and governance, or ESG, risk has gained mainstream traction over the past two decades — in some quarters, it’s almost routine. Is it wise to invest in an oil and gas producer if the market is shifting away from fossil fuels, or in a company that has a record of sexual harassment complaints?

Some Republican officials have decided, however, that they’ve had it with what they call “woke” investing. A dozen states have enacted bills or issued advisories restricting ESG investing for public pension funds and other public money. Other states are considering similar measures.

Florida’s hard-line conservative Gov. Ron DeSantis led a resolution to bar state pension funds from considering ESG factors, and the state pulled about $2 billion in assets managed by investment giant BlackRock, an advocate of socially conscious investing. Texas blacklisted BlackRock and other financial firms it determined divested stocks of fossil fuel companies.

The backlash worries asset owners and managers in Illinois and other blue states. Why would anyone limit the considerations that go into selecting a sound investment strategy, they ask. That could potentially depress the returns of the pension funds or deprive the fund of a superior return because it’s unwilling to consider factors that impact long-term viability.

* Injustice Watch

Illinois’ state child welfare agency for years has been illegally blocking undocumented survivors of child abuse from seeking a special visa for crime victims that would allow them to remain in the United States, an Injustice Watch investigation has found.

Since 2019, state law has required the Illinois Department of Children and Family Services and all law enforcement agencies to make a decision within 90 business days on whether undocumented immigrant applicants who have been victims of certain crimes and are applying for a type of permanent visa called a “U visa” are eligible.

That visa program was set up to help law enforcement gain the trust of undocumented immigrants who might otherwise be reluctant to come forward.

But records show that DCFS so far has taken more than four years to establish a process to review the applications, potentially denying hundreds of families a chance at legal immigration status and keeping others from even trying.

Full statement from DCFS…

The safety, health and welfare of our children are the primary concern of DCFS. The Department has received 7 requests for certification since January 1, 2019 and has signed one certification. The Department has designated a point of contact to review U Visa requests and established a specific email address for individuals to submit a certification form request. The Department is committed to further developing this process to assist individuals who may be eligible for a U Visa. The Department will also reevaluate those requests that were previously submitted to determine whether the requests for a certification can be granted.

* Ralph Martire on the proposed state budget

However, many of the structural fiscal flaws that created years of deficits remain in place. Which means Illinois decision-makers have the rare opportunity to thoughtfully consider reforming the state’s fiscal system, with an eye toward building the capacity needed to sustain investments in core services over the long haul, rather than just dig out of the crisis du jour. Bottom line: the Pritzker administration should be commended for its responsible stewardship, but there’s still work to do.

…Adding… Illinois Policy Institute sending text messages attacking Brandon Johnson and CTU…


* Isabel’s roundup…

* Chicago stuff from Isabel…

  25 Comments      


« NEWER POSTS PREVIOUS POSTS »
* Isabel’s afternoon roundup
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* Showcasing The Retailers Who Make Illinois Work
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* The Importance Of Energy Storage
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* Sean Grayson wasn’t the only Sangamon County deputy hired with a DUI on his record
* Open thread
* Isabel’s morning briefing
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