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Michael Madigan
Rauner agency privatization idea raises oversight concerns

Gov. Bruce Rauner says his plan to privatize the state's economic development agency will improve job creation in Illinois. But similar plans in other states and even in Chicago have sometimes raised concerns about transparency and oversight, with taxpayers not always knowing how their money was being spent. Rauner's plan, currently being considered by the Illinois General Assembly, would turn much of the development work of the Illinois Department of Commerce and Economic Opportunity over to a new, not-for-profit corporation. Rauner and other supporters say a private agency negotiating tax breaks and other government-funded incentives with companies can move faster and with less...