Finance

Illinois To Impose New Sports Betting Tax As FanDuel, DraftKings Brace For Impact
Finance

Illinois To Impose New Sports Betting Tax As FanDuel, DraftKings Brace For Impact

ILLINOIS — Starting July 1, Illinois will implement a new tax on sports betting platforms, charging 25¢ per bet for the first 20 million ...

Marisol Vega
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State Budget Quietly Covers $1.3M Cost For Abandoned Tent Shelter In Chicago
Finance

State Budget Quietly Covers $1.3M Cost For Abandoned Tent Shelter In Chicago

CHICAGO — Illinois taxpayers will cover a $1.3 million payout to GardaWorld Federal Services for work performed on a controversial migrant shelter project in ...

Marisol Vega
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Illinois Sees Just 114% Growth In Millionaire Filers — Lags Far Behind Neighboring States
Finance

Illinois Sees Just 114% Growth In Millionaire Filers — Lags Far Behind Neighboring States

ILLINOIS — Despite doubling the number of tax filers reporting over $1 million in annual income since 2010, Illinois still ranks 5th-worst in the ...

Marisol Vega
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Illinois Tax Burden Hits 10.22% In 2025 — Ranked 7th Highest Nationwide
Finance

Illinois Tax Burden Hits 10.22% In 2025 — Ranked 7th Highest Nationwide

CHICAGO — Illinois residents are shouldering one of the heaviest tax loads in the country, according to a new report that places the state ...

Marisol Vega
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Illinois Budget Hike: Airbnb, DraftKings, Velo Among New Targets For $394M In Tax Boosts
Finance

Illinois Budget Hike: Airbnb, DraftKings, Velo Among New Targets For $394M In Tax Boosts

ILLINOIS — Illinois lawmakers have approved a sweeping $55.2 billion budget that leans heavily on new and increased taxes — totaling more than $394 million ...

Marisol Vega
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New Illinois Laws and Tax Changes Taking Effect July 1, 2025
Finance

New Illinois Laws and Tax Changes Taking Effect July 1, 2025

ILLINOIS — Several new laws and regulatory changes will go into effect across Illinois starting July 1, 2025, impacting everything from fuel prices and ...

Marisol Vega
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CPD Statement: Officer Rivera Killed By Partner's Accidental Fire During Armed Chase
Finance

CPD Statement: Officer Rivera Killed By Partner’s Accidental Fire During Armed Chase

CHICAGO — A Chicago police officer was accidentally shot and killed by her own partner during a tense tactical operation Thursday night, officials confirmed ...

Jamal Reese
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Illinois Lawmakers Delay Property Tax Foreclosure Reform Despite Mounting Equity Losses
Finance

Illinois Lawmakers Delay Property Tax Foreclosure Reform Despite Mounting Equity Losses

ILLINOIS — Despite growing pressure from advocates, legal experts, and recent Supreme Court precedent, Illinois lawmakers have once again postponed major reforms to the ...

Marisol Vega
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Illinois Passes Drug Affordability Bill Targeting Pharmacy Middlemen
Finance

Illinois Passes Drug Affordability Bill Targeting Pharmacy Middlemen

ILLINOIS — A major step to reduce prescription drug prices in Illinois is now headed to Gov. JB Pritzker’s desk after lawmakers passed the ...

Marisol Vega
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Rental Junk Fees Ban in Illinois Delayed as Senate Session Ends
Finance

Rental Junk Fees Ban in Illinois Delayed as Senate Session Ends

ILLINOIS — A Democratic-backed bill aimed at eliminating certain rental “junk fees” across Illinois failed to advance before the legislative session ended, leaving many ...

Marisol Vega
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