Student debt has soared in the 21st Century. It went from $520 billion in 2006 to now over $1.7 trillion. The Biden administration recently announced a student loan forgiveness program. Some borrowers could have as much as $20,000 forgiven. The White House estimates that around 43 million borrowers could be eligible for some debt forgiveness. Of those, close to half could…
Mount Rushmore and the Great Lakes are a couple of the Midwest’s tourism magnets, but some states have to work against their reputations to attract visitors. They’re getting creative by highlighting amenities that can be a bit off the beaten path. https://cpa.ds.npr.org/s60/audio/2022/08/underdog-tourism-states-web.wav Listen to this story here. Climbing into a cattle water tank and floating…
SPRINGFIELD – Beginning Thursday, low-income families in Illinois can begin applying for state assistance on their natural gas, propane and electricity bills. The Low-Income Home Energy Assistance Program, or LIHEAP, has $300 million available. Families can apply by visiting helpillinoisfamilies.com or by calling 1-833-711-0374. Information on other state assistance programs can be found on that website as…
LE ROY – U.S. Secretary of Agriculture Tom Vilsack visited Illinois on Tuesday to announce a new investment of $100 million for biofuel infrastructure. Sen. Tammy Duckworth met Vilsack at a Casey’s General Store in Le Roy. Duckworth pointed out a new, yellow handle at the Casey’s pump – where drivers can fill up their…
SPRINGFIELD – The Illinois Department of Transportation on Friday laid out a $34.6 billion six-year spending plan for road, bridge, transit, rail, airport and port upkeep. It’s the latest multi-year plan backed by the state’s 2019 Rebuild Illinois bipartisan infrastructure law, which doubled the state’s motor fuel tax from 19 to 38 cents per gallon and scheduled…
EFFINGHAM — The cost of living isn’t cheap in Illinois. For many, energy costs are a particular concern this summer with hot weather and high inflation. Some constituents are looking for answers. “I had a disabled veteran call me the other day…and he said his electric bill from Ameren went from in round numbers…$200 a…
Tax on eligible items will decrease to 1.25% from 6.25% from Aug. 5-14 SPRINGFIELD – Beginning Friday and lasting through Aug. 14, the state will reduce its sales tax rate from 6.25 percent to 1.25 percent for certain clothing items costing less than $125 and school supplies. The “tax holiday” was included in Gov. JB…
The Small Community Air Service Development Program— a federal initiative designed to improve underserved airports — recently awarded nearly $17 million to 25 airports across the country. The University of Illinois-owned Willard Airport in Champaign County was the only one selected in the state. They took home $850,000 in grant money from the Department of…
SPRINGFIELD – After years of failed efforts that spanned multiple administrations, the state has finalized the sale of the controversial James R. Thompson Center in Chicago to a company that will make it the new Chicago home of tech giant Google. Gov. JB Pritzker made the announcement during a news conference at the building, along…
WASHINGTON — When Congressman Rodney Davis took office in 2013, he introduced the Social Security Fairness Act. It’s a bill with broad bipartisan support that would expand Social Security benefits for many Americans. Before his time in office ends in January, the Taylorville Republican said he’s keen on passing the Social Security Fairness Act. The…
4.5% remains higher than surrounding states, national average SPRINGFIELD – The Illinois economy added 18,800 jobs during June as the unemployment rate fell to 4.5 percent, the lowest it has been since the start of the COVID-19 pandemic. That is down one-tenth of a percentage point from May, and down two full percentage points from…
URBANA — Cars whoosh past the KEDPLASMA center on Lincoln Avenue. Brandon Olison has spent hours in the building, donating his plasma in exchange for a card pre-loaded with cash. Olison hasn’t had any side effects in the two months since he started donating. “I’ve never had a side effect or anything. No bad experiences….
SPRINGFIELD – State tax revenues grew by $5.5 billion in the fiscal year that concluded on June 30, exceeding $50 billion for the first time in Illinois’ history, according to a new report from a state budgeting agency. The 12 percent base revenue growth in Fiscal Year 2022 gave lawmakers near-unprecedented flexibility in the current budget year….
On July 1, Governor J.B. Pritzker froze a proposed gas tax hike, while suspending the grocery tax on certain items. These were two of many initiatives meant to quell rising inflation. Dean Baker, a senior economist at the Center for Economic and Policy Research, described inflation as a time when “most prices are rising,” as…
The electric automaker Rivian has been working to ramp up production on three vehicles in Normal in the face of global supply-chain problems that have disrupted many automakers. Those supply-chain issues have contributed to delivery delays and led Rivian to set a production target of 25,000 vehicles in 2022 — a number that’s half what…