Category: Money

Finishing Contractors Assoc., $44,000 in scholarships

The Finishing Contractors Association of Illinois (FCAI) has awarded $44,000 in academic scholarships to 22 local students through its Larry Nedrow Scholarship Fund. Established in 1992, the FCAI Larry Nedrow Scholarship supports educational development within the painting, drywall, and glazing finishing industry. Each year, contractors who contribute to the Northern

Impacts of One Big Beautiful Bill on Illinois residents

By Peter Hancock & Ben SzalinskiCapitol News Illinoisnews@capitolnewsillinois.com Illinois Democrats brought some of their biggest names to Springfield Tuesday, Aug. 12 to call attention to the massive cuts that will take effect in the coming years for programs that benefit low-income communities. At one event, U.S. senator Dick Durbin and

Trump’s criticism of Bureau of Labor Statistics

By Lori Robertson Hours after the Bureau of Labor Statistics released employment data showing slow job growth for July and prior months, president Donald Trump fired the BLS commissioner, claiming the job numbers were “phony” and that the commissioner had “faked” other job figures to help Democrats. There’s no evidence

DuPage Foundation awards $350k to childhood collaboratives

Bright & Early DuPage, an initiative of DuPage Foundation, recently awarded nearly $350,000 to eight DuPage County early childhood collaboratives through its 2025 grant cycle. The initiative, launched in 2013, builds sustainable, coordinated, local early childhood collaborations that actively work to increase access to quality early childhood education throughout the

Trump’s and Dems’ claims about prices lack the full scope

By Alan Jaffe and Saranac Hale Spencer Approximately six months into the second term of president Donald Trump, Republicans, and Democrats are making conflicting and often misleading assessments of the Donald Trump administration’s impact on inflation and prices. Both sides cherry-pick examples of consumer products to support their claims, while

Community Foundation of the Fox River awards $535K

The Community Foundation of the Fox River Valley has awarded 40 grants totaling more than $535,000 to support local nonprofit organizations doing critically important work in Chicago’s Fox River Valley. These grants were awarded through the Community Foundation’s discretionary (fall 2024 and spring 2025) and Youth Engagement in Philanthropy (YEP,

Gov. Pritzker seeks more regulatory authority over homeowners insurance

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com Governor JB Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after the Bloomington-based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was raising premiums for residential property casualty

Illinois hospitals fear massive cuts under Trump Administration

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com Hospital officials in Illinois say they will have to make some difficult decisions in the next few years that could involve laying off staff, cutting back services, and even closing some facilities entirely. That’s the expected result of federal funding cuts built into the recently

Federal food assistance changes threaten thousands of Illinoisans

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Hundreds of thousands of Illinoisans could lose benefits from a federal food assistance program while the state will be required to cover more costs under changes passed in the latest domestic policy plan. President Donald Trump signed the “One Big, Beautiful Bill Act” into law

Housing funding cut in Illinois, as homelessness increases

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com The number of homeless people in Illinois is rising, but the State’s spending on homeless prevention and other housing programs is headed in the other direction. Facing a tight budget year with constrained spending and limited natural revenue growth, the $55.1 billion fiscal year 2026

Illinois $55.1B budget reliant on $700M new taxes

By Ben SzalinskiCapitol News IllinoisBszalinski@capitolnewsillinois.com Governor JB Pritzker signed Illinois’ fiscal year 2026 budget into law Monday, taking shots at president Donald Trump’s budget management to defend hard choices state lawmakers were forced to make this year. The $55.1 billion spending plan set to take effect July 1 is the

Illinois lawmakers delay tier 2 pension reform again

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Public employees hired since 2011 must continue to wait for pension reform after Illinois lawmakers declined to take up the issue during the spring session. Lawmakers and labor unions have both expressed concern that benefits for Tier 2 employees – those who entered the public