IVCA Provides Updates for State Legislative Issues – 08/14/2024
Illinois Venture Capital Association Illinois Legislative Report
David Stricklin / Stricklin & Associates
Wednesday, August 14, 2024
PRESIDENTIAL WINDS MIGHT BOOST DEM MARGINS
Enthusiasm for the revised Democratic ticket for president might have the effect of increasing margins for Democrats in the Illinois General Assembly. Currently the Illinois House is 78-40 Democrats to Republicans and the Illinois Senate is 40-19. While the race for president itself is not considered a contest in Blue Illinois, political operatives suggest renewed enthusiasm at the top could sweep out a few Republican incumbents who prior to the change were considered to be in a more “safe” seat.
DNC IN CHICAGO NEXT WEEK
The DNC events begin over the upcoming weekend and the ceremonies get underway Monday. Tuesday evening will have an Illinois focus when Governor JB Pritzker is scheduled to speak, as is former president Barack Obama, among others. Security officials say they’re prepared to handle whatever may come:
CHICAGO TOP COP SAYS THEY’RE READY
UC-AREA BUSINESSES CONCERNED BY MIGRANT SHELTER
DNC cleanup aims to improve Chicago beyond the convention, but also echo 1996 efforts: “The city has tackled projects big and small, from repaving roads and installing new signs to fast-tracking the new $80 million Damen Avenue Green Line stop near the United Center, where all the show business of the convention will occur,” by the Tribune’s Jake Sheridan.
STATE FAIR THE FOCUS
As an appetizer to the Chicago convention, Illinois Democrats hosted rallies and events in Springfield yesterday and have “Governor’s Day” today at the Illinois State Fairgrounds. Republicans host events tonight and then have a similar rally Thursday.
POPULATION REPORT RAISES CONCERN
A new report shows the population of the City of Chicago continuing to decline. There are numerous reasons and explanations for this trend, what is certain is that the state budget depends on robust personal income tax collections, and fewer taxpayers over the long run could throw sand in the gears of state government.