State government tax collections dropped $14.3 billion in the last budget year, the U.S. Census said Wednesday in another sign state revenues have yet to recover from their recent collapse. Get the full story »
Inside these posts: Illinois income tax
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New Jersey campaign courts Illinois business
New Jersey Gov. Chris Christie in ad targeting Illinois businesses.
New Jersey Gov. Chris Christie’s administration thinks there’s business to be had — from Illinois.
The governor is launching an ad campaign encouraging businesses in Illinois to relocate to the Garden State. An official announcement from the Christie administration is planned for Tuesday, when ads will start appearing in newspapers and on radio stations in major Illinois cities like Chicago and Springfield. Get the full story »
Northern Trust CEO: Ill. must tackle spending
The chief executive of Chicago’s biggest homegrown bank says the city’s business community expected the state to hike taxes, but that the Illinois legislature needs to also quickly address spending that’s contributing to deep budget deficits.
Illinois’ corporate income tax rate recently rose from 4.8 percent to 7 percent. Earlier this week Northern Trust Corp. said it expects the tax hike to reduce its earnings by about $4 million a year. Get the full story »
Gov. Quinn signs income tax increase
Illinois Gov. Pat Quinn today signed a major income tax increase the Legislature passed earlier this week.
Quinn, Wisconsin governor-elect in spat over jobs
A war of words is heating up between Wisconsin Gov.-elect Scott Walker and Illinois Gov. Pat Quinn over job creation. The Republican Walker said Thursday he plans to persuade Illinois companies to come to Wisconsin. He says he’ll emphasize that Quinn has proposed massive tax increases.
Walker’s comments come one day after the Democratic Quinn encouraged train maker Talgo Inc. to move south from Milwaukee. Talgo had said it would move from that facility if Wisconsin follows through on its promise to abandon high-speed rail. Get the full story »
