Illinois quick hits: Tax receipts increase $1.5 billion year-over-year
Tax receipts increase $1.5 billion year-over-year
Citing a report by the Illinois Commission on Government Forecasting and Accountability, the National Federation of Independent Business says state tax collections through December are up more than $1.5 billion year-over-year from fiscal year 2025.
The report says personal income tax collections are up more than half a billion, sales tax collections are up $300 million and estate tax collections are up $174 million.
Corporate income tax collections, however, are down $183 million.
Gross corporate income tax revenues declined by $104 million last month compared with last December, a decrease of 11.0%.
Chicago community development grants announced
Chicago Mayor Brandon Johnson has announced $33 million in grants for community development projects.
The grants include millions for a gun violence prevention nonprofit, for a craft brewery, for the Little Village Chamber of Commerce and for a content production studio.
Johnson said Tuesday that the city could be “bracing for layoffs” this year due to the $16.7 billion budget passed by aldermen without the mayor’s proposed head tax on employers.
Wetland center reopening
The Illinois Department of Natural Resources is inviting the public to celebrate the reopening of the Henry N. Barkhausen Cache River Wetland Center at Cache River State Natural Area in southern Illinois.
On Saturday, Jan. 10 from 10 a.m. to 2 p.m., visitors can enjoy family-friendly environmental crafts, explore interactive community education and conservation booths, meet with local naturalists and environmental organizations, and explore self-guided winter hiking, biking and birding.
Mostly Sunny
Latest News Stories
NIH plots investments in women’s health
Pritzker: ‘God was looking out for people’ in storm-damaged Kankakee County
Illinois Quick Hits: Correctional officer charged with sexual misconduct
24 AGs question funding of orgs refusing to remove climate agenda from judges manuals
Costco faces lawsuit as consumers seek refunds from invalid tariffs
Insurer won’t back Gori defense vs asbestos lawsuit fraud claims
With teachers union support, committee approves charter school mandates
Allstate can’t delete class action over alleged secret app tracking
Chicago voters view housing affordability as bigger issue than crime
New Illinois gun bill aims at glock switches; critics say it misses the real problem
Illinois quick hits: Cook County spends nearly $20 million on food, housing services; Chicago Teachers Union tells teachers, students to skip school; Russell Dickerson to play Du Quoin State Fair
Will County Officials Warn of Zoom Court Scam Targeting Defendants for Fraudulent Dismissal Fees
