In 2015, Chicago-headquartered Akuna Capital LLC signed a deal with the state of Illinois that state officials estimated to be worth $4.5 million. As part of the agreement, Akuna agreed to hire 10 new employees. The agreement states the new hires specialized in trading and software.
The state government owes the City Water, Light and Power of Springfield $3.5 million on past-due utility bills for state offices. The past-due utility bills are just one part of Illinois’ more than $14.3 billion bill backlog.
Only 51 percent of black adults reported having some form of work in Illinois.
New Bureau of Labor Statistics data show Illinois’ black residents have an unemployment rate of 12.7 percent, more than double the state’s overall rate.
The Illinois House Labor and Commerce Committee has passed a bill to prohibit municipalities in Illinois from enacting local Right-to-Work measures. The bill now heads to the full House of Representatives for a hearing.
A bill that would apply term limits to legislative leaders in the Illinois House and Senate cleared a major hurdle May 19, and is scheduled for a second reading May 22.
House members have spent as much time playing softball and basketball as they have in session since the beginning of May.
Illinois Senate Bill 55 would observe former President Barack Obama’s Aug. 4 birthday, but keep state facilities open.
The odds Illinois continues without a budget until 2018 increase sharply if nothing passes before the end of May
Illinois Senate President John Cullerton’s pension bill could be unconstitutional, is unfair to workers and based on unproven math, and perpetuates Illinois’ broken pension system.
Illinois still has 25,600 fewer jobs compared with the year 2000. Illinois is one of the only states in the country to have fewer jobs today than at the turn of the century.
The plant will close its doors by July 17 and offer some employees relocation opportunities.
Illinois state Rep. Barbara Flynn Currie has introduced a pension bill that is unfair to new and current workers, is potentially unconstitutional, bails out Chicago Public Schools’ pensions, and perpetuates Illinois’ broken pension system.