Author: Capitol News

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S&P upgrades Illinois bond rating

By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – The credit rating agency S&P Global Ratings upgraded Illinois’ bond rating on Thursday, citing the state’s improved financial condition.  It’s the second upgrade from a major credit rating agency to move the state away from the brink of “junk” status. “The upgrade reflects […]

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Unprecedented unemployment deficit threatens to ‘cripple’ businesses, claimants

By JERRY NOWICKICapitol News Illinoisjnowicki@capitolnewsillinois.com SPRINGFIELD – Since economic shutdowns began and COVID-19 death counts started to rise in March 2020, national unemployment rates have hovered at historically high numbers, stressing state unemployment systems left dealing with an unprecedented number of claims. In Illinois, that’s led to a deficit in […]

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State revenues surged in previous fiscal year

By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – Revenues flowing into state coffers surged in the fiscal year that ended June 30, spurred largely by an influx of federal funds, the delayed deadline for filing income tax returns last year and an economic recovery that boosted income and sales tax collections […]

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College athletes can be paid for name and likeness in Illinois starting Thursday

By JERRY NOWICKICapitol News Illinoisjnowicki@capitolnewsillinois.com SPRINGFIELD – Lawmakers, collegiate athletes and athletic directors from some of the state’s most prominent universities on Tuesday hailed the governor’s signing of a bill allowing college athletes to be paid for the use of their name and likeness as innovative and equity-centric. University of […]

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Illinois economy surges in first quarter

By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – The Illinois economy showed strong signs of recovery during the first quarter of 2021 as businesses continued to reopen from the pandemic and direct government payments flowed to businesses and individual consumers. Data released last week from the U.S. Bureau of Economic Analysis showed the […]

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Pritzker signs redistricting plans for state legislative, appellate court districts

By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – Gov. JB Pritzker signed a pair of bills Friday that redraw state legislative and appellate court districts, despite the fact that official U.S Census data needed to ensure equal representation has not yet been delivered. In a statement released Friday afternoon, Pritzker said […]

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Both houses pass election bill postponing 2022 primary to June

By RAYMON TRONCOSOCapitol News Illinoisrtroncoso@capitolnewsillinois.com SPRINGFIELD – Lawmakers passed an omnibus elections bill Monday that would push back the date of the 2022 primary elections amid other major changes to the state’s election code. The 156-page omnibus bill, an amendment to Senate Bill 825 filed by Rep. Maurice West, D-Rockford, would also […]