Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
The village of Hoffman Estates penned a $1.8 million deal to extend the arena’s naming rights just days before Sears’ bankruptcy filing.
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
The struggling retailer’s latest, immediate cuts come less than a year after it shed 400 jobs in June 2017.
Sears Holdings has dropped below the job threshold necessary to qualify for the $15 million in annual state tax credits for which it was once eligible.
Today marks the first day of the Illinois General Assembly’s two week veto session. Veto session is held for six days every fall to allow the General Assembly to take action on bills that the governor has vetoed. Since the spring legislative session, the governor has vetoed 10 bills – only three of those bills...