Originally published on Wed November 5, 2014 4:38 am
Republican investor Bruce Rauner will be the next governor of Illinois — probably. He declared victory over incumbent Gov. Pat Quinn and is up by five percentage points, but the Democrat is refusing to concede.
Rauner made hundreds of millions of dollars as a private equity investor. Lately, though, he’s been investing in himself — spending $27 million of his vast fortune on a quest to become governor of Illinois.
Originally published on Wed August 6, 2014 10:53 am
Applications for absentee voting begin today. According to the Illinois State Board of Elections, the first day for mailing-in absentee votes for the fall election is September 25th. Absentee voting forms must be postmarked by midnight on November 3, 2014.
Business and labor leaders are urging Illinois' Department of Natural Resources to finish the rules for hydraulic fracturing. The coalition says it's left wondering if the governor's administration might be dragging the process for political reasons.
It's been over 400 days since the General Assembly passed a law to allow hydraulic fracturing in Illinois. Proponents say the technique of drilling for natural gas deep in the ground will lead to job and revenue growth.
The state took in over a billion dollars more in taxes than the prior year, thanks to an uptick in sales tax money. Personal income tax revenue also rose , but the amount coming from corporate income taxes dropped. It's something Jim Muschinske, a budget forecaster for the state, said was predicted.
"That was not unexpected. In fact, we actually did better this fiscal year than what was initially assumed back when the budget was passed," Muschinske said.
Despite Democratic majorities and a push from the governor, Illinois' legislative session adjourned without a bump in the minimum wage.
Lawmakers settled for putting a non-binding question on the November ballot asking if that's something voters want.
Part of the problem was that legislators from downstate -- from both parties -- were against a hike.
Andrew Biggs says it doesn't make sense to make sense to have a national, or even statewide, minimum wage. Biggs is a scholar with the American Enterprise Institute, a D.C. think tank that leans toward free enterprise.
Illinois' economy was slow to feel the effects of the Great Recession, and has been slow to recover from it. The state's Department of Commerce and Economic Opportunity is submitting a five-year plan to the General Assembly, with suggestions for business growth and more state spending.