Finance

Chicago Housing Plan Criticized Over $1.1M Per Unit Cost, Fueling Transfer Tax Backlash
Finance

Chicago Housing Plan Criticized Over $1.1M Per Unit Cost, Fueling Transfer Tax Backlash

CHICAGO — A multibillion-dollar affordable housing initiative in Chicago is under fire as critics slam the city for spending over $1.1 million per unit ...

Marisol Vega
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Chicago Rent Up 6.25% In 2025 As New Apartments Hit 30-Year Low
Finance

Chicago Rent Up 6.25% In 2025 As New Apartments Hit 30-Year Low

CHICAGO — Renters in downtown Chicago are facing a sharp 6.25% year-over-year rent increase as the city deals with a dramatic collapse in new ...

Marisol Vega
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Illinois Budget 2025: New Taxes on Sports Bets, Vaping, and Out-of-State Sales Approved
Chicago NewsFinance

Illinois Budget 2025: New Taxes on Sports Bets, Vaping, and Out-of-State Sales Approved

SPRINGFIELD, Ill. — In a late-night vote on May 31, Illinois lawmakers passed a $55.2 billion budget for the upcoming fiscal year, introducing a ...

Marisol Vega
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Illinois Tax Debate: Vallas Warns That ‘Tax The Rich’ Mantra Could Backfire on Chicago
Finance

Illinois Tax Debate: Vallas Warns That ‘Tax The Rich’ Mantra Could Backfire on Chicago

CHICAGO — As Chicago grapples with a worsening financial outlook across its schools, public transit, and city budget, former mayoral contender Paul Vallas is ...

Marisol Vega
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FanDuel Sports Bets in Illinois to Cost 50 Cents More Starting September 1
Finance

FanDuel Sports Bets in Illinois to Cost 50 Cents More Starting September 1

CHICAGO — Sports betting in Illinois is about to get more expensive. FanDuel, one of the largest online sportsbooks in the U.S., will begin ...

Marisol Vega
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IRS Delays Trigger Tax Bills for Already-Paid Filers — Officials Stay Silent Amid Mounting Complaints
Finance

IRS Delays Trigger Tax Bills for Already-Paid Filers — Officials Stay Silent Amid Mounting Complaints

CHICAGO — A growing number of taxpayers say they’re receiving IRS bills for taxes they’ve already paid, sparking confusion, financial anxiety, and calls for ...

Marisol Vega
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SmartBuy Loan Forgiveness Program Closes Temporarily Due To Funding Freeze
Finance

SmartBuy Loan Forgiveness Program Closes Temporarily Due To Funding Freeze

ILLINOIS — The state’s SmartBuy student loan forgiveness program, which helped hundreds of Illinois residents erase debt and become homeowners, has halted new applications ...

Marisol Vega
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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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