CHA sitting on hundreds of millions!
CHA stockpiles cash. In 2015 was sitting on a stash of $379 million! Read the story in the Chicago Tribune.

Nonpartisan-League button
One of the most exciting ideas in "Chicago Is Not Broke" is the idea of a public bank for Chicago. The model is the Bank of North Dakota, founded in 1919. How did that happen? Listen to this podcast from the Institute for Local Self Reliance from their "Building Local Power" podcast series.

Crooked cops. A crooked prosecutor. A crooked judge. Files sitting in a basement for decades. Welcome to Chicago's corrupt law enforcement system! Read the story in the Chicago Tribune.

A federal grand jury has indicted City of Chicago Alderman WILLIE B. COCHRAN on charges he pocketed money from a charitable fund that was intended to help families and children in his South Side ward.

The 15-count indictment alleges that Cochran used money from the 20th Ward Activities Fund to pay his daughter’s college tuition and to finance his gambling expenses, as well as to purchase items for use in his home. The indictment also charges Cochran with extorting money from a lawyer and a liquor store owner in exchange for Cochran’s aldermanic support.

The indictment was returned Tuesday in federal court in Chicago. It charges Cochran, 64, of Chicago, with eleven counts of wire fraud, two counts of federal program bribery, and two counts of extortion. An arraignment date has not yet been set...The charges in the indictment are punishable by a total maximum sentence of 280 years in prison. Read press release and full indictment:

Jamie Kalven
"Chicago Is Not Broke" author Jamie Kalven made the cover of The Chicago Reader's "People Issue." Read the interview here.

We gave eight members of the Chicago City Council's Progressive Caucus copies of "Chicago Is Not Broke" at a budget town meeting at Malcolm X College on November 3, 2016. Here is Tom's testimony (3 minutes):

Jamie Kalven offers this analysis of the proposed police oversight reforms being considered in City Council:

he city has in fact made significant progress over the last 10 months. The mayor's task force on police accountability proved independent and exceeded expectations with a report that was searching in its diagnosis and detailed in its prescriptions. Civil society groups—religious, legal, grass-roots—have entered vigorously into the process. And the walls of official secrecy that have long impeded effective police reform have continued to crumble."

public bank for NJPublic bank for New Jersey on the way?
Phil Murphy, a Democratic candidate for Governor of New Jersey for the 2017 election is calling for a public bank for his state!

Chicago is NOT broke!
Read a great interview with Chicago Magazine's Whet Moser.

"Taxpayers hit again under Emanuel as CPS hikes property taxes" says the story in the Chicago Tribune. "As it has done for more than two decades, CPS will boost its regular property tax levy to the maximum amount allowed by law. The district also will collect again on a capital improvement property tax enacted last year to finance borrowing for school infrastructure projects. But the biggest jump will come from a new tax expected to generate $250 million to help cover the district's massive teacher pension obligations. CPS officials say the district's total tax increases would cost the owner of a $250,000 home an extra $245."