In the last decade, Illinois’ economy and the economies of neighboring states have gone in opposite directions, with more people now working in Wisconsin and Indiana combined.
The company’s announcement affects 800 hourly employees, though 1,200 workers will remain in Aurora. In January, Caterpillar announced plans to relocate its global headquarters to Chicago and out of its longtime hub in Peoria.
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.
Illinois lawmakers should heed Moody’s Investors Service’s warnings about the state’s precarious economic health and dire fiscal situation and enact major structural spending reforms to balance the budget.
While states surrounding Illinois are enacting labor reforms that benefit residents, Illinois remains a bastion of labor power. Now the Chicago Teachers Union wants even more power – including the broadened right to go on strike and strand parents and students.
A proposed amendment to Illinois’ Criminal Identification Act would allow people to petition to have their arrest and conviction records cleared of any cannabis-related offenses that Illinois ultimately takes off the books through marijuana legalization.
On March 29, the Illinois House of Representatives voted almost unanimously in favor of allowing voters to decide on local government consolidation – a crucial component of shrinking local government spending, which drives up property taxes. State Rep. Tom Demmer, R-Dixon, sponsored House Bill 496, which received bipartisan support – more than a dozen representatives...
A multibillion-dollar business based in Missouri — Stifel, Nicolaus & Co. — is making a pretty penny helping to hike local sales taxes across Illinois.
Legislation with bipartisan support in the House would oppose the internet streaming tax proposal – which might not even be legal – in the Senate’s “grand bargain.”
With hundreds of taxing bodies in their county and inaction from Springfield, DuPage homeowners will soon see yet another property tax increase.
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.
A bill in the Illinois Senate would provide certain alcohol producers some freedom within the state’s three-tier system – which has been maintained through measures limiting competition and benefiting the politically connected.
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.