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Apartment buildings under construction beside new rental buildings and a lease with keys, with three arrows converging on a downward red arrow, under the headline Falling Rents: Three Forces, One Trend.

Falling Rents: Three Forces, One Trend

Introduction The Department of Homeland Security said on Sept. 25, 2026, that it is “reducing your rent,” crediting immigration enforcement for falling rents in states that cooperate most with ICE. In a post on X, the agency said Texas accounted for about a quarter of ICE arrests in July and posted the country’s sharpest rent drops: San Antonio down 4.8%,...

Chicago’s First Elected School Board Will Inherit Underused Buildings and a Budget It Can’t Yet Pay For

Chicago’s First Elected School Board Will Inherit Underused Buildings and a Budget It Can’t Yet Pay For

On Chicago’s West Side, Frederick Douglass Academy High School sits in a building designed for about 1,000 students. According to a June 2025 ProPublica and Chalkbeat investigation, Douglass had 27 employees for 28 students. Douglass is the extreme case, but the gap between building space and students runs across Chicago Public Schools (CPS), the nation’s fourth-largest district. On Nov. 3,...

New York’s Sports Betting Windfall: $5.1 Billion in Losses, and Who Paid Them

New York’s Sports Betting Windfall: $5.1 Billion in Losses, and Who Paid Them

New York’s mobile sports betting tax is usually reported as a win for the state and its schools. Two numbers rarely appear alongside it: what bettors lost to produce that revenue, and whether schools actually receive more money because of it. The first can be calculated directly from the tax rate. For the widely cited $2.6 billion in tax revenue,...

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