Illinois Economy

Illinois Long-Term Unemployment Benefits Ending As Jobless Rate Falls

Posted 05.03.2012

As the Illinois unemployment rate continues to fall, Gov. Pat Quinn and other state lawmakers have been celebrating. But the rosy numbers are bad news...

Business CEOs Say Illinois Nation's 3rd Worst State For Business

Posted 05.02.2012

A national survey of CEOs released Wednesday contained bad news for Democratic Illinois Gov. Pat Quinn as the survey identified Illinois as the nation...

Quinn's Job Creation Advice: 'Don't Listen To Scott Walker'

Posted 04.27.2012

Democratic Illinois Governor Pat Quinn appeared Wednesday evening on MSNBC's "The Ed Show" with host Ed Schultz to discuss Wisconsin's disappointing j...

In Illinois, Scott Walker Compares Himself To Honest Abe

Posted 04.17.2012

Wisconsin Governor Scott Walker was greeted in what is likely, by now, a familiar manner when he addressed business leaders in Springfield, Ill., Tues...

GOP Lawmaker: Illinois Economy Continues To Deteriorate

Posted 04.12.2012

U.S. Rep. Randy Hultgren (R-Ill.), standing in for the still recovering U.S. Senator Mark Kirk, on Wednesday delivered a report on the state's financi...

New Website Highlights State's Dismal Financial Situation

Posted 04.03.2012

We all know that the Illinois budget situation is a mess, but llinois Comptroller Judy Baar Topinka wants us to know just how messy it really is. ...

Can Gay Marriage Help A Struggling State Economy?

Posted 03.28.2012

If Illinois lawmakers decide to legalize same-sex marriage, they will bring more than just marriage equality to the Land of Lincoln, according to a ne...

State's Unemployment Rate Down For Fifth Straight Month

Posted 03.02.2012

The Illinois Department of Employment Security on Thursday announced that the state's unemployment rate fell by 0.3 percent in January, the largest on...

Is The Illinois Economy Really So Bad?

Posted 02.06.2012

Just last week, anti-tax crusader and Americans For Tax Reform President Grover Norquist made sure to slam Illinois while praising the economic polici...

Is Illinois 'Taxing And Spending Itself Into Oblivion'?

Posted 02.02.2012

One day after Democratic Illinois Governor Pat Quinn delivered his second State of the State address, it would be difficult to find a single state leg...

Governor's State Of The State Addresses Jobs, Economy

Posted 02.01.2012

Updated story Illinois Governor Pat Quinn at noon on Wednesday delivered his annual State of the State address, a speech centered principally on th...

Report: Governor, State Legislature 'Must Act Now' On Unpaid Bills

Posted 01.30.2012

A budget watchdog group that has repeatedly criticized the state's handling of its finances once again called on lawmakers to do something about Illin...

Gov. Quinn Denies Corporate Tax Breaks Were 'Sweetheart Deals'

Posted 01.30.2012

In a Friday appearance on MSNBC'S "Morning Joe," Democratic Illinois Gov. Pat Quinn said he would not be giving in anytime soon to state Republicans' ...

State's Unemployment Rate Drops For Second Straight Month

AP | Posted 01.21.2012

CHAMPAIGN, Ill. -- Unemployment in Illinois dropped to 9.8 percent in December. It was the second month in a row with a decrease The Illinois Departm...

State Owes $8.5 Billion In Overdue Bills

Posted 01.20.2012

Republican Illinois Comptroller Judy Baar Topinka this week delivered more troubling, if not surprising, news concerning the state's financial health....

CEO Says He's 'Embarrassed' To Live In Illinois After Getting Big Tax Break

Posted 01.11.2012

Illinois lawmakers have already expressed frustration with Sears about their decision to close 120 stores across the country after the state approved ...

Is Roadkill Helping The Economy In Illinois?

AP | By JIM SUHR | Posted 03.09.2012

CASEYVILLE, Ill. -- In six years of trapping, one thing has become apparent to Cody Champ: His pursuit of animal pelts isn't cheap, costing him $100 a...

Illinois Move-Out Rate Among Nation's Highest

Posted 12.23.2011

Data released this week by United Van Lines, a moving company, reports that Illinois and New Jersey tied for the highest number of customers who were ...

State Lawmakers Aim For More Corporate Tax Cuts

Posted 12.15.2011

Illinois House Republican leaders on Wednesday introduced a proposal that would roll back the corporate income tax hike that state Democratic leadersh...

Illinois House Blocks CME, Sears Tax Break Bill

AP | By CHRISTOPHER WILLS | Posted 11.30.2011

SPRINGFIELD, Ill. -- What a state takes away, it also can give back. Less than a year after raising personal and corporate income taxes, Illinois off...

SB 397 Poised to Give $100 Million Handout to Wealthiest Corporations in Illinois

Mark Cassello | Posted 01.28.2012

Mark Cassello

Unless a groundswell of public outrage besieges representatives in Springfield tomorrow, the Illinois State Legislature is likely to approve an enormous tax carve-out designed to benefit two of the most profitable companies in the state.

Chicago Exchanges: Tax Breaks Needed To Stay Put

AP | By DAVID MERCER | Posted 11.26.2011

CHICAGO -- John Schneider's work is all shouts and hand gestures. Get him on the phone and you'll strain to hear over the barks and cries of his fello...

Quinn: Ohio Offers Sears $400 Million To Leave Illinois

Posted 11.21.2011

With the Illinois state legislature still deliberating a tax incentive package to lure both Sears Holdings Corp. and the CME Group to keep their opera...

Tax Cuts For Corporations Could Be Approved Tuesday

Posted 01.07.2012

Though a proposal that would have drastically cut the state income taxes of CME Group, CBOE Holdings and Sears Holdings Corp. stalled in the Illinois ...

New TV Spot: 'Illinois Is Broke,' Children Will Pay

Posted 12.19.2011

A new television spot aimed at pension reform for state employees made its debut Wednesday. The spot, sponsored by the Civic Committee of the Comme...