Category: Money

Batavia Chamber Inspire Scholarship open for applications

The 2025 Inspire Scholarships are now open for applications. The scholarship program, sponsored by the Batavia Chamber of Commerce, will be given to Batavia Public School District 101 high school seniors, with up to four awards given. The four scholarships, worth $1,000 each, are motivated by the makeup of the

Pritzker’s budget office projects $3.2B deficit

By Jerry NowickiCapitol News Illinoisjnowicki@capitolnewsillinois.com The first extensive public look at next year’s State finances contains a warning to lawmakers from the governor’s office: “The ability to fund new programs will be severely limited” next fiscal year. That comes from the Governor’s Office of Management and Budget, which projected a

Illinois reaches record-high tax revenue of more than $2 billion from gambling

By HANNAH MEISELCapitol News Illinoishmeisel@capitolnewsillinois.com Illinois surpassed $2 billion in tax revenue last year from all types of gambling and the state lottery – a record bolstered by continued growth in video gambling, sports betting and the opening of several new casinos. But that growth comes at the expense of

DuPage County budget Fiscal Year 2025

DuPage County Board chair Deborah Conroy presented a balanced budget for Fiscal Year 2025 Tuesday, Sept. 24, outlining key priorities that support vital County services in a cost-effective, fiscally responsible manner. The proposed FY 2025 budget totals $635.8 million, with a General Fund of $257.1 million. The budget includes a

State ends fiscal year with nearly $5B cash on hand

By Jerry NowickiCapitol News Illinoisjnowicki@capitolnewsillinois.com Illinois entered a new fiscal year Monday, July 1, with a bit of a financial cushion when the prior year’s revenues exceeded final projections by approximately $123 million. The state ended fiscal year 2024 with approximately $4.7 billion cash on hand, or approximately nine percent

Good financial literacy help at the Aurora Public Library District

You’re interested in learning information on investments and taking control of your financial future, but the jargon and complexity of financial markets is overwhelming. The Aurora Public Library District (APLD) can help guide you on your financial journey with our upcoming program, ‘Investment Concerns in a Fragile Market’, Monday, May

Naperville grant funding for Mental Health Month

In recognition of May as Mental Health Awareness Month, the City of Naperville government announces two new grant funding opportunities for organizations providing mental health and substance use programs and services in Naperville. The City annually awards Social Service Grant (SSG) funding to enhance social service activities for community benefit.

Capitol Briefs: Lawmakers introduce police reform measures, advocates look to end tipped wage

Proposals draw support from gun safety groups, worry from law enforcement advocates By Andrew Adams& Alex AbbedutoCapitol News Illinoisnews@capitolnewsillinois.com Chicago — Families of gun violence victims are asking the state legislature to reform how police handle unsolved murder investigations through legislation introduced this week. House Bill 4753, sponsored by Rep.

Aurora Public Library District receives donation

Comcast joined Aurora Public Library District (APLD) officials recenty to announce a $30,000 donation to the Aurora Public Library District Foundation to fund a digital navigator program at Santori Library, 101 S. River Street in Aurora. Digital navigators are professionals who link residents to resources that can help them build

Five-year forecast from governor’s budget office indicates Illinois still facing structural budget hole

By Jerry NowickiCapitol News Illinoisjnowicki@capitolnewsillinois.com With Illinois lawmakers scheduled to return to legislative session in less than a month, a recent government fiscal forecast provides an overview of the budgeting landscape that awaits them. The bottom line from the five-year forecast from the Governor’s Office of Management and Budget: The

Illinois receives Fitch credit rating upgrade

By Jerry Nowicki Illinois received another credit upgrade Tuesday, the same day a legislative committee once again scrutinized governor JB Pritzker’s administration for its handling of unemployment claims during the COVID-19 pandemic. The upgrade came from Fitch Ratings, the last remaining holdout of the nation’s three major credit reporting agencies

Reader’s Voice: An embarrassment of riches at taxpayers’ expense

October 26, 2023Dear editor; Overflowing reserves ($53MM); obstinant refusal to properly recognize and appropriately utilize interest income windfall ($14MM); constantly increasing share of state sales, income, gambling, and marijuana taxes increase (multi-millions); reprehensibly wasteful spending (at least $3MM); and even inaccurate redefinition of elementary generally accepted accounting procedures . .

State grant for Aurora Public Library District bookmobile

State representative Stephanie Kifowit (D-Oswego), State representative Barbara Hernandez (D-Aurora), and State senator Linda Holmes (D-Aurora) have secured $400,000 in state grant money for the funding of the Aurora Public Library District’s (APLD) new bookmobile. State legislators recently joined the APLD) and members of the community for a check presentation