The owners of the Chicago Cubs Major League Baseball team say they are willing to spend $300 million of their own money to renovate their home ballpark, the nearly 100-year-old Wrigley Field.
Overall state tax collections have recovered from the Great Recession, according to a recent report from the Rockefeller Institute of Government at the University of Albany.
Illinois Governor Pat Quinn (D) has announced a plan to “stabilize Illinois’ Medicaid system and prevent collapse of the program” that includes a $1 per pack increase in the cigarette tax.
New York Assembly Speaker Sheldon Silver (D-Manhattan) is leading a move to raise the state’s minimum wage from $7.25 to $8.50 and then index it to annual inflation.
“One taxpayer moved out of Illinois every 10 minutes between 1995 and 2009,” according to the Illinois Policy Institute, and it appears taxes and tax policies are to blame for many of the losses.
Chicago Mayor Rahm Emanuel (D) says without significant reforms the city’s 2012 budget will be hundreds of millions of dollars in the red, and he pledges to address the problem without raising taxe
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