Lawmakers, Pritzker Administration Spar Over Projected Fiscal Year Revenues

Illinois State Senate

SPRINGFIELD – Members of an Illinois Senate committee sparred with officials from Gov. JB Pritzker’s administration Friday in a hearing on tax changes proposed by the governor in an effort to balance the state’s budget for the 2022 fiscal year. The Senate Revenue and Appropriations committees held the joint hearing, questioning the directors of the […]

GOP: Graduated Tax ‘Cash Grab’ Will Stifle Pandemic Recovery

state capitol

SPRINGFIELD — Illinois Republicans are demanding a vote in the General Assembly on removing from the fall ballot a proposed graduated income tax structure, saying the state’s pandemic-pillaged economy can’t sustain higher taxes. House Minority Leader Jim Durkin and Senate Minority Leader Bill Brady said Monday that the special session this week in Springfield should […]

News Around Illinois – May 6, 2020

News Around Illinois Cover

Gov. Pritzker: 5-Part Reopening Plan Dependent On Infections SPRINGFIELD — Illinois’ governor on Tuesday outlined a five-phase plan for reopening the state as the threat from COVID-19 subsides, but there were no surprises here — the speed with which normal activity returns still depends on vigilance against the coronavirus. Under pressure to show signs of […]

Recreational Weed Sales Net $10M In Tax Revenue In First Month

SPRINGFIELD — The Illinois Department of Revenue is reporting the sale of recreational marijuana in Illinois generated $7.3 million in cannabis tax revenue last month. In addition, the department says an additional $3.1 million was generated in retail sales tax revenue. Dispensaries across the state sold nearly $40 million in recreational pot last month. In […]

Mixed Reaction To Gov. Pritzker’s Budget Address

State Capitol of Illinois

Republican reaction to Democratic Governor J.B. Pritzker’s budget address has been mixed. Pritzker is proposing a $40.7 billion state budget. He dressed it up Wednesday by dangling the prospect of a $1.4 billion revenue boost if voters approve an income-tax overhaul this fall. The second-year Democrat presented a fiscal outline with virtually no spending increase. […]

News Around Illinois – February 6, 2020

News Around Illinois Cover

Survey: Most Americans Want Changes To US Health Care System URBANA – More than 90 percent of Americans say changes are needed to make the U.S. health care system more affordable and lower drug costs. That’s according to a new national survey from Public Agenda, USA Today and Ipsos. Chris Jackson is vice president of Ipsos. He […]

Credit Rating Agencies Issue Warnings About Illinois

Chicago

A pair of credit rating agencies issued warnings Tuesday on the finances of both the state of Illinois — and its largest city. Moody’s Investors Service looked at whether America’s 25 biggest cities are prepared for a recession. Among them, just two were rated notably “weaker” than their peers: Detroit and Chicago. Moody’s warns that high debt […]