by blowback | Sep 30, 2024 | Third Reading Report
Economic development continues to be a top priority for Illinois under Gov. J.B. Pritzker. Over the last few years, the state updated its flagship Economic Development for a Growing Economy (EDGE) tax incentive and created the Reimagining Energy and Vehicles (REV) and...
by blowback | Sep 23, 2024 | Third Reading Report
Through the first two months of FY 2025, Illinois revenues are up about 6% over FY 2024, but the pace of economic growth appears to be slowing. Both sales tax and corporate income tax revenues remain below their FY 2024 figures at this point in the fiscal year....
by blowback | Sep 16, 2024 | Third Reading Report
Following the announcement that Chicago will face a projected $982.4M budget gap in 2025 and a $223M budget gap at the end of 2024, Mayor Brandon Johnson’s budget office issued a citywide hiring freeze on Monday, September 9. The hiring freeze was originally supposed...
by blowback | Sep 9, 2024 | Third Reading Report
Chicago Projects $982.4M Budget Gap in 2025 On August 29, Chicago Mayor Brandon Johnson announced that the city is facing a $982.4M budget gap in 2025. This represents largest deficit since 2021, when former Mayor Lori Lightfoot faced a projected $1.2B gap at the...
by blowback | Sep 3, 2024 | Third Reading Report
Illinois Supreme Court Stays Election Slating Decision On Friday, August 23, the Illinois Supreme Court upheld a lower court decision to block a ban on post-primary election slating ahead of a general election. The provision, originally passed on May 3 by Democrat...
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