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News
State ends FY26 with $1B in excess; other data shows Illinois ‘lags’
20+ hour, 13+ min ago (521+ words) (The Center Square) – A state commission report showed Illinois brought in more revenue than expected to begin the 2027 fiscal year. A co-chair of the commission says the increase in funds and multiple new credit upgrades are in part a result…...
Digital asset trade groups pursue legal action against Illinois crypto tax law
4+ day, 22+ hour ago (380+ words) The Blockchain Association, Crypto Council for Innovation, and Digital Chamber are challenging a first-of-its-kind state tax on digital asset business activities Illinois just became the testing ground for a question no other state has dared to answer: can you single…...
Illinois gets low grades for worker freedom
4+ day, 17+ hour ago (344+ words) (The Center Square) – Illinois gets low marks on two new reports about worker freedom. The Commonwealth Foundation gave Illinois an F in its evaluation of public sector labor laws. The group’s latest report cited the state’s policies allowing card checks,…...
Illinois households lost $2.3 billion after switching power suppliers, watchdog says
6+ day, 3+ hour ago (357+ words) A new study found that Illinois households served by Commonwealth Edison and Ameren Illinois have lost more than $2.3 billion since 2015 by switching to "alternative" electricity suppliers instead of sticking with utility default rates, according to My Stateline. The Citizens Utility…...
It’s taken Illinois 14 years to regain an ‘A’ rating from S&P, and we’re still at the bottom of the pack
1+ week, 5+ day ago (473+ words) Wednesday, Sep 2, 2026 - Posted by Isabel Miller Standard & Poor’s downgraded the credit of the state of Illinois on Wednesday because of its weak funding levels for pensions, a move that could make it more expensive for the state to borrow money....
Pritzker record: Illinois 5th-worst for private-sector job growth
1+ week, 5+ day ago (262+ words) Illinois is in the bottom five states for private-sector job growth under Gov. J.B. Pritzker. Since he took office, job growth in the private sector in the state is up less than 0.1%. Under Gov. J.B. Pritzker, private-sector job growth in Illinois has…...
Illinois Quick Hits: S&P Global joins Fitch by raising Illinois bond rating
1+ week, 4+ day ago (216+ words) (The Cente Square) – Illinois has earned its second credit rating upgrade in less than a week, as S&P Global Ratings raised the state’s general obligation bond rating on Tuesday to an A. Illinois still has the lowest credit rating…...
Jeff Rehberger and the Business of Betting Big on Illinois
2+ week, 13+ hour ago (213+ words) Illinois legalized video gaming terminals in 2009. The market that followed was still taking shape, with many operators treating video gaming as one part of a broader business. Jeff Rehberger looked at that landscape and saw something else: a regulated, scalable…...
Opinion: While Washington closes doors, Illinois opens markets for farmers
2+ week, 3+ day ago (649+ words) Illinois Gov. J.B. Pritzker and Sen. Tammy Duckworth, D-Ill. Illinois farmers did not start President Trump’s trade wars. But they are paying the price. Fertilizer, fuel and equipment are more expensive than they were just a couple of years ago. Longtime…...
Maryland ruling may impact new Illinois taxes
2+ week, 6+ day ago (445+ words) (The Center Square) – A court ruling in Maryland may have implications for a trio of new taxes in Illinois. Maryland’s tax court found last week that the state’s digital advertising gross revenues tax violates the Tax Freedom Act, the Commerce…...