Capital One received more than $20 million in tax breaks from Illinois in 2015 By Brendan Bakala 05/02/2017 The state agreed to the tax credits in exchange for Capital One hiring 210 new employees and retaining 900. TAGS: Bruce Rauner, budget, Business and Employment Development Tax Credit Act, cronyism, Illinois Chamber of Commerce, jobs, Michael Zalewski, Mike Madigan, Natalie Manley, Pam Althoff, tax credits, Transforming Helping and Reviving Illinois’ Versatile Economy
Pension board votes to revoke lawmaker pension for Hastert By Eric Kohn 04/26/2017 Former U.S. House of Representatives Speaker Dennis Hastert had been receiving nearly $30,000 annually from the underfunded General Assembly Retirement System. TAGS: Dennis Hastert, GARS: General Assembly Retirement System, Michael Zalewski, TRS: Teachers’ Retirement System
Lawmakers and special interests propose revamped EDGE tax credit program By Brendan Bakala 03/20/2017 As state debts mount and budget plans remain in limbo, Illinois lawmakers move to expand EDGE tax credits. TAGS: cronyism, DCEO: Department of Commerce and Economic Opportunity, Michael Zalewski, tax credits