Category: Money

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

Pritzker sticking to proposal to fully fund pensions

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Governor JB Pritzker is continuing to push a plan he introduced two years ago to reform Illinois pensions. The governor announced on Monday he is reviving a plan he introduced during his 2024 budget address that calls for fully funding pensions by 2048 and changing

Kifowit applauds governor’s leadership to fix pension crisis

State representative Stephanie Kifowit, D-Oswego, applauds governor JB Pritzker’s leadership on embracing the bold ideas for pension reform and a plan to pay down the state of Illinois over $140 Billion pension debt. “Throughout my tenure as pension chair and now pension-appropriations chair, we have thoughtfully studied and evaluated the

Rep. Hernandez on Pre-Apprenticeship

State representative Barbara Hernandez (D-Aurora) released a statement after governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced that three organizations in the Aurora area would receive financial awards as part of the Illinois Works Pre-Apprenticeship Program. The three organizations in the Aurora area to

Kifowit secures $600,000 for Naperville’s Nike Complex

State representative Stephanie Kifowit announced that the City of Naperville has been awarded a $600,000 Open Space Land Acquisition and Development (OSLAD) grant to support major improvements at the Nike Sports Complex, a key recreational asset serving families, athletes, and residents throughout the community. The funding is part of a

Hanson, Holmes, help with North Aurora water tower

State representative Matt Hanson, D-Montgomery, and State senator Linda Holmes, D-Aurora, recently visited the site of a new water tower in North Aurora, a project they worked to include within the state’s 2026 budget to ensure accessible drinking water for residents and businesses. “The weather may be dreary, but the

Foster on Trump’s ‘investigation’ of Fed

Congressman Bill Foster (D-IL), ranking member of the House Financial Services Subcommittee on Financial Institutions, issued the following statement: “Without a stable, responsible, and independent monetary policy, the United States risks losing the primacy of the U.S. dollar and becoming uninvestable. (Donald) Trump’s politically-driven ‘investigation’ of the Federal Reserve is

Peoples Gas files $202 million rate increase request

By Maggie DoughertyCapitol News Illinoismdougherty@capitolnewsillinois.com Editor’s note: A correction was made to the current return on equity approved by the ICC in 2023 was supposed to be 9.38%, not 5.5%. Peoples Gas on Monday filed a $202.3 million rate hike request with the Illinois Commerce Commission, sparking public outcry and

Foster introduces Payer State Transparency Act

Congressman Bill Foster (D-IL) reintroduced the Payer State Transparency Act, December 16, to help shed light on the “Payer State” problem, wherein certain states, including Illinois, pay more in federal taxes than they get back in federal spending. According to data from the Internal Revenue Service and USASpending.gov, Illinois sent

State rep. Kifowit stands with Aurora Firefighters

State representative Stephanie Kifowit is voicing strong support for Aurora Firefighters Local 99 and raising serious concerns about staffing reductions proposed in the 2026 Aurora city government budget. City officials have claimed that eliminating 18 firefighters, three Battalion Chiefs, one Training Officer, and two frontline fire trucks will not compromise