Sen. Andy Manar (D-Bunker Hill) is demanding a state investigation after the Kankakee Times reported on the anticipated district-by-district financial impact of his Senate Bill 1, which promises to change the state's formula for dispensing money to public schools.
As a state lawmaker, Frank Mautino paid nearly $12,500 in campaign fund cash to a man named Joe without keeping any supporting receipts, according to a government oversight group.
Financial expert Mark Glennon of Wilmette says in his analysis of a new study on state and local pensions that the options available to reduce the substantial obligations facing Illinois funds include amending the state constitution or going through federal bankruptcy.
Illinoisans pay more in total taxes than anyone else in the nation, so any thoughts about adding to that burden need to be forgotten, a tax analyst argued recently.
Sen. Bill Brady’s (R-Bloomington) budget plan overestimates its spending cuts and overstates its reform efforts, the Illinois Policy Institute argued recently.
The Illinois State Board of Elections slapped a $5,000 fine on Auditor General Frank Mautino's campaign committee on Monday for failing to comply with board order to update financial disclosure reports filed in 2014 and 2015.
Illinois can't grow unless its small businesses grow, Gov. Bruce Rauner told owners and employees of several of the state's 1 million such businesses on a brief tour recently.
There won't be any coming back for high-wage earners who will exit Illinois in a hurry if the so-called "Illinois Comeback Agenda" passes, a financial services professional said.
he chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.
A "home repair tax" will do little to fix the rotting infrastructure of Illinois' economy but would do devastating damage to an industry still reeling from the Great Recession, Mike Moews, president of the Bloomington-Normal Area Home Builders Association, said recently.