Illinois borrowed $4.2 billion from the federal government to replenish its unemployment trust fund, missed the deadline to repay it and now wants to avoid the interest that is due.
Illinois missed the September deadline to repay a $4.2 billion federal unemployment loan. Employers warn inaction by state lawmakers could ‘cripple’ businesses and the COVID-19 economic recovery.
State revenue losses around the country have ranged from far less than expected to non-existent. Fiscally healthy states are giving back to taxpayers. That doesn’t include Illinois.
For nearly 80 years, Illinoisans have voted against the state fireworks ban by crossing state lines each July to buy fireworks, despite threatened penalties. The state is now one of four nationwide to prohibit celebrating Independence Day with fireworks.
Illinoisans are not getting COVID-19 vaccinations at the rate they once were, so Gov. J.B. Pritzker may turn to cash prizes through a vaccine lottery to boost immunizations.
Illinois Gov. J.B. Pritzker announced a donation of $4 million in Six Flags tickets will be used as an incentive to get more Illinoisans their COVID-19 vaccinations. The 50,000 tickets will be targeted to minority communities.
Chicago Mayor Lori Lightfoot is allowing bars and restaurants to be open later and increase capacity, but city inspectors are looking for COVID-19 rules violations. Five restaurants and bars were just cited.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.