Chicago Mayor Rahm Emanuel expressed little concern over Moody’s Investors Service’s announcement that it might downgrade Chicago’s already-junk-rated bonds over CPS budget problems.
An Illinois appeals court upheld a temporary restraining order on Cook County’s proposed sweetened beverage tax. Cook County officials claim 1,100 jobs will be lost if the tax does not go into effect.
After speaking with folks in Round Lake for months, we knew the families of Lake County had each other’s backs when times were tough. We knew these communities were strong. But the events of this week have revealed the true strength of those ties. The families of Lake County are now working tirelessly to rebuild...
As part of the just-enacted state budget, the General Assembly has moved up the expiration of a tax break for sales of gasoline mixed with ethanol. This will likely make the price at the pump go up.
The U.S. unemployment rate is 4.4 percent, but unemployment varies widely among the nation’s 388 metro areas.
Illinois’ bond rating may not be junk, but the state’s finances still are.
Tax hikes on struggling Illinoisans as the state is bordering on a recession, a lack of structural spending reforms, no true pension reform, $100 million in pork spending, and the continued threat of a junk credit rating are among the ways the new Illinois budget fails taxpayers.
The state will eat a 32 percent larger chunk out of most workers’ paychecks, retroactive to July 1.
High parking fees in the city only add to the heavy burden of taxes and fees Chicagoans face.
The Illinois Department of Revenue issued details on how to comply with the state’s increase income tax, signaling the reality of higher taxes for Illinoisans.
As pension debt mounts, Moody’s Investors Services has downgraded the city of Rockford to an A2 rating.
Chicago Public Schools has issued an additional $500 million in long-term high-interest bonds, following $387 million the district borrowed from JPMorgan in June.