Illinois comptroller warns of more financial troubles

Aug. 19, 2011
Ill. Comptroller Judy Barr Topinka said Thursday that lawmakers need to take action or the state next summer could end the budget year with another huge backlog of bills. Topinka said Illinois government is still paying bills that date back to April.

Hospitals may lose tax-exempt status

Aug. 16, 2011
The Illinois Department of Revenue announced Tuesday that three Illinois hospitals are in danger of losing their tax-exempt status.

Chicago facing $635 million deficit, Emanuel says

Jul. 29, 2011
Chicago Mayor Rahm Emanuel said Friday that the city's facing a $635 million budget shortfall next fiscal year.Emanuel told reporters the budget deficit isn't anything new. He didn't directly criticize former Mayor Richard Daley, but Emanuel said the issue is long-term and structural."

With motherland in crisis, Greek-Americans plan visits

Jul. 7, 2011
Lawmakers in Greece this week have passed bills clearing the way for international financial aid crucial to solving the country’s debt crisis.

Indiana revenue numbers beat expectations

Jun. 3, 2011
While many states struggle to fill budget gaps, the state of Indiana took in $150 million more than expected during the month of May. State officials reported Friday that sales tax collections were $28 million above May collections last year.

With motherland in crisis, Greek-Americans plan visits

Jun. 1, 2011
Lawmakers in Greece this week have passed bills clearing the way for international financial aid crucial to solving the country’s debt crisis.

Suburban voters say 'no' to tax and bond proposals

Apr. 6, 2011
A majority of residents in many of Chicago's suburban communities on Tuesday said 'no' to ballot proposals that sought to increase their tax rates.

Cullerton: consider taxing retirement income

Mar. 7, 2011
The president of the Illinois Senate says he wants lawmakers to consider taxing income earned by retired people in the state.  State Sen. John Cullerton, D-Chicago, said that doing so could raise up to $1.6 billion.Currently, most retirement income is not taxed by Illinois.

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