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Illinois Economy

Illinois Lags in Population Growth Among Midwest States

Matthew Dietrich | Posted 03.11.2014 | Chicago
Matthew Dietrich

When your economy thrives, your population grows. When it tanks, you end up like Illinois in the new report from the U.S. Census Bureau.

State Ends Fiscal Year With $6.1 Billion Backlog Of Unpaid Bills

Reuters | Posted 09.01.2013 | Chicago

CHICAGO, July 1 (Reuters) - Illinois ended fiscal 2013 with an estimated $6.1 billion in unpaid bills and other obligations, and that could swell to...

Illinois' Worst-In-Nation Credit Rating Costing Taxpayers Millions

AP | SARA BURNETT | Posted 06.25.2013 | Chicago

CHICAGO -- Like your cousin who doesn't pay his bills on time and squanders money he doesn't have, Illinois is paying the price – in both cash a...

Pension Spending, Unpaid Bills Loom Large In State's New Budget

Reuters | Posted 05.06.2013 | Chicago

SPRINGFIELD, Ill., March 5 (Reuters) - Illinois Governor Pat Quinn will unveil a fiscal 2014 budget on Wednesday that will chip away at a huge pile ...

Illinois Now Has The Worst Credit Rating In The Nation

AP | SARA BURNETT | Posted 01.26.2013 | Chicago

CHICAGO -- Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any ...

The Economic Power of Not Making a Profit

Valerie S. Lies | Posted 12.14.2012 | Chicago
Valerie S. Lies

The value of a stable nonprofit community transcends the economic benefits. We entrust nonprofits to perform a range of vital services as well as jobs. We hope lawmakers recognize that nonprofits enrich our state in every way.

State's Worst-In-Nation Credit Outlook Lowered Again

Reuters | Posted 02.13.2013 | Chicago

CHICAGO, Dec 13 (Reuters) - Illinois' public pension funding problems, likely to persist if not worsen, led Moody's Investors Ser...

Mark Kirk Dings State's Poor Credit Rating In New Video

Posted 09.18.2012 | Chicago

Senator Mark Kirk (R-Ill.) on Tuesday released a new, 90-second video calling for pension reform to help remedy his home state's poor credit rating. ...

State's Credit Rating Lowered, Again, By S&P

Reuters | Posted 10.29.2012 | Chicago

* S&P cites inaction on pension fix for downgrade * Governor seeks meeting soon with lawmakers on pensions * Treasur...

Report: Illinois' $43.8 Billion Budget Deficit Is Nation's Worst

Posted 06.22.2012 | Chicago

A report released Thursday by the state's Auditor General claimed that Illinois' ever-bulging budget deficit is "easily" the nation's worst. Illino...

Illinois Long-Term Unemployment Benefits Ending As Jobless Rate Falls

Posted 11.13.2012 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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 | Chicago

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