If the projections hold true, Democratic Gov. JB Pritzker could face difficult financial decisions, from increasing taxes to cutting spending. The relative financial calm that has marked Illinois Gov. JB Pritzker’s six years in office may soon be coming to a close as his administration Friday forecast a more than $3 billion budget shortfall for the…
Many details still needed before lawmakers can put forward transit funding proposal SPRINGFIELD – Public transit agencies in downstate Illinois are joining Chicagoland rail and bus operators in asking the state for help balancing their budgets. A state committee met with leaders from a half dozen downstate agencies on Tuesday – the sixth and final…
CHICAGO (AP) — Donald Trump seized Tuesday on an opening to sound his frequent argument that imposing huge tariffs on foreign goods would amount to an economic elixir — one that he claims would raise enormous sums for the government, protect U.S. firms from overseas competition and prod foreign companies to open factories in the United States….
Updated at 4 PM on Oct. 3, 2024 CHAMPAIGN — Custodial and dining workers at the University of Illinois have voted to accept the administration’s contract proposal instead of going back on strike. The new contract will last three years. Hourly wages will go up by one dollar the first year, 90 cents the next…
URBANA – The University of Illinois in Urbana-Champaign has closed a dining hall and stopped serving hot food at campus stores while building and food service workers are on strike. Students say lines are longer and the food options are limited at what remains open. Sophomore Sauntrel Johnson has been missing his favorite part of his meal,…
State touts diversity report, but most specialty cannabis businesses have not become operational While Illinois’ cannabis market is booming and the state has made progress in diversifying new licensees, significant hurdles remain for businesses hoping to enter the expanding market, according to an independent review of the industry. Celebratory news releases have marked several…
The U.S. Department of Agriculture is projecting that egg prices will decrease in the coming months. But experts said that all depends on whether there are any further bird flu outbreaks. Outbreaks of bird flu earlier this year are making eggs pricier. The wholesale price for eggs peaked at $3.30 per dozen in recent months,…
Deere’s move arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. While the companies’ responses differed, both arrive amid a wider backdrop of conservative backlash that has been targeting companies across industries.
A year-long campaign to promote biomanufacturing in central Illinois has paid off for the University of Illinois and its partners. The U-S Commerce Department’s Economic Development Administration has awarded an approximately $51 million grant to a consortium led by the University of Illinois, to establish the Illinois Fermentation and Agriculture Biomanufacturing (or iFAB) tech hub in Champaign, Piatt and Macon Counties.
In its most recent quarter, Deere reported a more than 15% decline in revenue, the third straight quarter of year-over-year sales declines. Deere shares slipped 1.6% in morning trading and are down about 7.5% this year.
Economic development package also expands film, EV industry tax breaks.
It brings in over $1 billion in new taxes, but proponents say the taxes don’t severely hit individual pocketbooks. There’s a $200 million increase on sports betting operations and more than half a billion by limiting annual claims on business operating loss.
Cunningham Township, which serves the same area as the city of Urbana, spent $100,000 over budget this fiscal year in its quest to help all those needing food and housing help.
Illinois Governor JB Pritzker signed the state budget on Wednesday that eliminates the statewide, 1 percent grocery tax. Because the tax was a source of revenue for local governments, the city of Champaign is looking for ways to offset a loss of about $2.7 million per year.
Illinois’ largest-ever spending plan increases education, human services, infrastructure funding.