Category: Money

Illinois farm bankruptcies rise for third straight year

By Tara SunMedill Illinois News Bureaunews@capitolnewsillinois.com With the growing season well underway in Illinois, farmers once again are struggling to turn an abundant harvest into survival. In 2025, family farm bankruptcies surged 46% Nationwide — reaching 315 filings and marking the third consecutive year of increases. The Midwest recorded 121

DuPage Foundation awards $1.3 Million

DuPage Foundation is pleased to announce it recently awarded more than $1.3 million to DuPage County nonprofit organizations as part of its Spring Community Impact grant program. Grants were awarded to 71 organizations in the health and human services sector—supporting mental health services, housing programs, food insecurity, healthcare and recreation

Community Foundation scholarships: 547 receive funds

Five-hundred forty-seven residents of the greater Aurora Area are off to pursue their higher education goals this fall with financial support from their fellow Fox Valley residents, through the Community Foundation of the Fox River Valley Scholarship Program. Collectively, the Community Foundation’s 2026 Scholarship Program will award $3 million over

Pritzker signs nearly $56B budget with new business taxes

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Governor JB Pritzker signed the eighth budget of his tenure June 16 as he and Illinois Democrats gear up for an election-year battle centered around affordability — though he had to issue a clean-up veto aimed at addressing late-night drafting errors. The fiscal year 2027

Pritzker’s wins come with caveats: BUILD, megaprojects bills stall

By Brenden MooreCapitol News Illinoisbmoore@capitolnewsillinois.com Over his 7½ years in office, governor JB Pritzker has largely gotten his way in the Democratic-supermajority Illinois General Assembly. As he campaigns for a third term as Illinois’ chief executive and weighs a possible 2028 Democratic presidential bid, Pritzker emerged from the spring legislative

Gov. Pritzker to suspend tax breaks for data centers

By Maggie DoughertyCapitol News Illinoismdougherty@capitolnewsillinois.com In a surprise move, governor JB Pritzker announced Friday that he is putting a pause on all new state tax incentives for data centers and calling on lawmakers to pass new data center reforms during the fall veto session. The governor has directed the Illinois

Stephanie Kifowit supports balanced State budget

State representative Stephanie Kifowit, D-Oswego, voted in support of the Fiscal Year 2027 Illinois State Budget, a balanced spending plan that strengthens investments in education, public safety, healthcare, and essential services while maintaining Illinois’ commitment to fiscal responsibility. “As lawmakers, one of our most important responsibilities is passing a balanced

Consumer advocates seek reduction in latest Nicor gas rate request

By Maggie DoughertyCapitol News Illinoismdougherty@capitolnewsillinois.com Watchdog groups are calling on regulators to reject $178 million, or 80%, of a $220.8 million rate hike requested by Nicor Gas earlier this year, citing wasteful capital spending, excessive shareholder profits and “lavish” executive bonuses. Consumer advocate groups including the Citizens Utility Board, the

Reader’s Voice: Interchange Fee tough for local businesses

May 31, 2026Dear editor; I work closely with business owners and leaders in Black and Brown communities across Illinois. If the Interchange Fee Prohibition Act takes effect on July 1, it won’t hurt only small businesses. It will affect whole communities. This law would change how credit card payments work

Aurora launches neighborhood festival funding grant program

The City of Aurora unveils new funding opportunities for neighborhood festivals scheduled to take place in 2026. Neighborhood Festival Funding Grants are now available to organizations and neighborhood groups planning public community events that acquaint residents with each other, while also educating participants about Aurora. The program offers grants for

Nearly $1.1 Million in Federal funds for Aurora lead-free water project

Mayor of Aurora, John Laesch, honored congresswoman Lauren Underwood (D-IL-14) and congressman Bill Foster (D-IL-11) at Tuesday night’s Committee of the Whole meeting, for bringing nearly $1.1 million in federal funds to the City of Aurora. The funding, totaling $1,092,000, was part of the “Lead-Free Water Project” and will be

Millionaire tax fails to gain enough support

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com A “millionaire tax” proposal floated in the Illinois House failed to gain enough traction in Springfield this week, making it increasingly unlikely that voters will be asked to approve the measure in November. House speaker Emanuel “Chris” Welch, D-Hillside, confirmed to reporters on Wednesday night

Illinois budget: Strong revenue, uncertain outlook

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com The biggest item on Illinois lawmakers’ agenda this spring is still a work in progress with six weeks left in the legislative session. Democrats are entering the home stretch of budget negotiations ahead of their scheduled May 31 adjournment while monitoring better-than-expected revenue growth alongside

Bill Foster delivers $16.3 Million for 11th District

Congressman Bill Foster (D-IL) announced that 14 of the Community Project Funding requests he submitted on behalf of Illinois’ 11th Congressional District were funded for a total of $16,383,000. Project funding was included in the Fiscal Year 2026 appropriations packages signed into law by president Donald Trump. Community Project Funding

Illinois bills to regulate pricing based on personal data

By Jenna SchweikertCapitol News Illinoisjschweikert@capitolnewsillinois.com As top legislators emphasize affordability this session, several lawmakers are taking aim at regulating algorithmic pricing that uses consumers’ personal data. Algorithmic pricing is a price-setting practice where companies use everything from mouse movements to website searches and messages to set unique, individualized prices using