Category: Money

Projected $3.1B for ComEd to connect data centers to grid

By Maggie DoughertyCapitol News Illinoismdougherty@capitolnewsillinois.com Data centers have been the focus of growing debate across the U.S., facing a push for regulation that would require operators to pay for the energy and water resources they use, among other proposals. But beyond paying to generate new energy, consumer advocates warn that

Illinois medical debt relief program surpasses $1B goal

By Bernarda MalevskaCapitol News Illinoisbmalevska@capitolnewsillinois.com The state of Illinois has erased more than $1.4 billion in medical debt for almost 700,000 Illinoisans for pennies on the dollar, two years after launching a new relief program. At its launch, the Illinois Medical Debt Relief Program aimed to eliminate $1 billion in

Partial win, reduced Nicor rate hike

By Maggie DoughertyCapitol News Illinoismdougherty@capitolnewsillinois.com The Illinois Commerce Commission approved an $82 million rate hike. The amount was negotiated between Nicor Gas and the attorney general’s office as part of a settlement that reduced the company’s original request by nearly two-thirds. The rate increase is expected to add around $2

July severe storm damage financial help

The U.S. Small Business Administration (SBA) has approved disaster assistance for Kane County residents and businesses impacted by severe storms and flooding July 2–4 and July 27,Homeowners, renters, businesses and certain nonprofit organizations may qualify for low-interest disaster loans to help cover damage and losses not covered by insurance. Homeowners

Kane County Board approves balanced 2027 budget

The Kane County Board has approved a balanced Fiscal Year 2027 budget totaling just under $403 million, continuing the County’s efforts to strengthen its long-term financial position while maintaining essential services. “Balancing this year’s budget required thoughtful planning, collaboration and a willingness to make difficult decisions,” said Kane County Board

Aurora Youth Services Division grants open for non-profits

The City of Aurora’s Youth Services Division has launched a new, one-time grant opportunity for local non-profits and specific taxing bodies to enhance existing, after-school programs and youth initiatives across the City. The Youth Programs Enhancement Grant will provide $206,000 in total, including $166,000 for after-school programming, equipment purchase grants,

Kane County awards $824,579 in Riverboat grants

The Kane County Board has approved $824,579 in Grand Victoria Riverboat Fund grants to support 24 community projects across the county during fiscal year 2026. The funding, provided through the county’s annual agreement with Grand Victoria Casino Elgin, will support a range of educational, environmental, social service and capital improvement

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