Illinois Senate budget plan includes $5 billion in tax hikes, $7 billion in borrowing
The new budget plan coming out of the Illinois Senate does little to nothing to reform the state’s reckless spending and financial mismanagement, but does plenty to hurt state taxpayers.
Nippon Sharyo announces 100 layoffs, despite $10 million in state subsidies and tax credits
Nippon Sharyo points to prototype difficulties and unspecified business concerns as the main reasons behind the layoffs.
AFSCME strike vote is an insult to middle-class Illinoisans
Illinois’ state workers are the highest-paid in the nation when adjusting for cost of living.
Illinois Senate proposes statewide tax on soda
Running out of ideas, the Illinois Senate takes aim at poor people to fund record-high state spending.
Here’s why Moody’s is warning of an Illinois death spiral
Moody’s warns that Illinois’ weak economic growth and population loss are credit negative and that the state may be entering a financial death spiral.
Illinois edges toward recession, politicians propose multibillion-dollar tax hike
Despite declining tax revenues and warning signs of a possible recession, Illinois lawmakers in Springfield are mulling tax hikes.
Chervon North America to move headquarters to Illinois
The company plans on moving its white-collar workforce to Naperville, while keeping its manufacturing plant in Michigan.
Lawmaker proposes statewide ‘zombie preparedness month’
In one of the first proposals of the new General Assembly, state Rep. Chris Welch, D-Westchester, proposed making October 2017 “zombie preparedness month.”
Calumet City aldermen and state representative Thaddeus Jones accused of exploiting campaign funds
The Illinois State Board of Elections is accusing state Rep. Thaddeus Jones, who is now running for mayor of Calumet City, of misusing thousands of dollars of campaign funds.
AFSCME uses fake ‘compromise’ to set stage for state worker strike
AFSCME – the state’s largest government-worker union – spent two years pushing for contract provisions that would cost state taxpayers billions. Now that the union has lost before the state labor board, it has issued a “framework” for compromise. But that “framework” is merely a publicity stunt to make the union appear reasonable while union leaders threaten a strike to obtain contract provisions that burden state taxpayers.
Illinois Senate passes term limits for legislative leaders
The Senate on Inauguration Day took action to limit the power of its legislative leaders. Meanwhile, House Democrats re-elected Mike Madigan as House speaker, ensuring he will become the longest-tenured legislative leader in modern American history.