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Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn Recent efforts to close the state's budget gap, including a temporary income tax increase, were not enough to save Illinois from a credit rating downgrade.Moody’s Investor Services lowered Illinois’ bond rating today. (You must login to ...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn One bond rating agency says that if Illinois does not do more to balance its budget before the recent tax increase begins to phase out, the state could face another hit to its credit score.Fitch Ratings held Illinois’ rating ste...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn A three-year budget projection that Gov. Pat Quinn’s office released today calls for cuts in most areas of state government.The plan lays out a proposed 9 percent decrease in Fiscal Year 2013 to all areas of state spending other than...
Posted by Illinois Issues blog 1 month ago.
By Jamey DunnIt was a busy year at the Statehouse as Illinois legislators passed an income tax increase, a significant change to the state’s criminal justice system and reforms to two important state systems, among other bills.Death penalty Perhaps...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn As the new year begins, more than 200 new laws will take effect in Illinois. Among them are:Safety belts The new law that will likely have the broadest impact on Illinoisans is House Bill 219 (Public Act 97-0016). After January 1, ...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn One Illinois lawmaker says the first step to repairing the faltering College Illinois prepaid tuition program is making its investment decisions public. Rep. Jim Durkin recently filed legislation that would require investment decisions for t...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn Just a day after passing a tax break package that would benefit some businesses, House lawmakers on both sides of the aisle are pushing for a rollback of corporate portion of the recent income tax increase.“I think people at the time of th...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn Two companies threatening to leave the state will likely stick around if Gov. Pat Quinn signs tax breaks the Illinois Senate approved today, but some lawmakers say it isn’t worth the price tag.The Senate passed two bills today that contain...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn A new study has found that more than half of youth imprisoned by the Illinois Department of Juvenile Justice ended up back behind bars.The report, released by the Juvenile Justice Commission today, said: “While precise data is diffic...
Posted by Illinois Issues blog 1 month ago.
By Jamey Dunn A package of tax breaks that failed miserably in the House just two weeks ago passed in the chamber today after undergoing some tweaks. The main change supporters made to the plan was cutting it into two bills. Senate Bill 400 contained tax ...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn After state legislation to allow concealed carry of guns in Illinois was shot down, some Illinois lawmakers are working at the federal level to open the door to concealed carry in the state.U.S. Rep. Timothy Johnson is sponsoring a bill that...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn Members of the Illinois House working on a plan geared toward keeping businesses in the state say they have reached a deal. Lawmakers returned to the Statehouse last week in hopes of passing tax breaks for Sears and the CME Group, which owns...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn Almost three years after his arrest on corruption charges, former Gov. Rod Blagojevich was sentenced to 14 years behind bars today, but some say the work to clean up “pay to play politics” in the state is not done. “The long Blagojevi...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn State Treasurer Dan Rutherford said today he will not keep quiet about his thoughts on state borrowing or Illinois’ dire financial situation. Last week, Gov. Pat Quinn voiced frustration over Rutherford’s recent comments on the state’...
Posted by Illinois Issues blog 2 months ago.
By Jamey DunnIllinois retailers are renewing a push for a federal law that would require online vendors to collect taxes on their sales. Illinois lawmakers passed a law earlier this year that requires online sellers to collect state taxes if they work wit...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn A plan the General Assembly approved yesterday to shift money to and from various funds would correct what some lawmakers say were errors in the original budget they passed last spring. The agreement that Gov. Pat Quinn a...
Posted by Illinois Issues blog 2 months ago.
By Jamey Dunn In a session day that one legislative leader described as “ a mixed bag,” lawmakers approved a budget deal to keep state facilities open but failed to pass a tax incentive package geared at keeping businesses in the state. Le...
Posted by Illinois Issues blog 2 months ago.
By Jamey DunnIllinois lawmakers might approve tax cuts to help keep businesses in the state, but they apparently are a long way off from shelling out state dollars to finance political races.A task force created under the law that set campaign donati...
Posted by Illinois Issues blog 2 months ago.
By Jamey DunnIllinois couples in civil unions will now be required to file their state tax returns in the same way as married couples. The new plan is a reversal from a previous policy, under which couples in civil unions could not file state taxes togeth...
Posted by Illinois Issues blog 2 months ago.
By Jamey DunnA new study found that Illinois’ higher education system, once one of the best in the country, has lost substantial ground in recent years A Story of Decline: Performance and Policy in Illinois Higher Education found that between 1998 and 2...
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