Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.View Report
Anyone betting those lottery tickets they gifted will help education would lose.
Lawmakers sold the idea of a lottery with the promise the money would go toward education. But in reality, students never see the money.
That total comes from $2.4 million lost due to the absence of Powerball ticket sales and $1.4 million lost due to the absence of Mega Millions ticket sales.
The Illinois Lottery will cease awarding prizes over $25,000 if a budget is not signed by July 1.
Popular lotteries may stop gambling on Illinois.
Despite being axed for bad performance, and in some cases not even doing its job, Northstar Lottery Group is collecting millions in fees and bonuses.
If Springfield politicians do not pass a budget by June 30, the state will be forced to stop payments to winning lottery ticket holders, Illinois’ comptroller has warned.
The Illinois auditor general found the Illinois Lottery in violation of a state finance law for paying $20 million to ensure that, even in the absence of a state budget, Illinois could continue to participate in the Mega Millions and Powerball games.
Funds provided through Senate Bill 2039, which Gov. Bruce Rauner signed into law Dec. 7, will allow the Illinois Lottery to resume paying winning ticket holders.
Amid continued budget gridlock in Springfield, Senate Bill 2039 provides funds to pay Illinois Lottery winners, as well as to allow for road maintenance, 911-center operations and projects by Chicago’s tourism office, among other local government programs.