Illinois General Fund Revenues Continue to Match Last Year’s Numbers
Illinois personal income tax collections remain elevated, sales taxes down through November
Illinois Minimum Wage to Jump to $15/Hour January 1
Illinois’ minimum wage is set to climb to $15 an hour on January 1, up from $14 an hour in 2024.
New Illinois Job-Posting Requirements Effective January 1
Beginning January 1, 2025, Illinois employers with 15 or more employees must include a pay scale and description of employee benefits in specific-job postings.
New Research: The Importance of Illinois’ Small Businesses
Illinois Main Street enterprises benefit local communities as well as local economies.
Veto-Session Concludes in Illinois, Lame-Duck Session Scheduled
The Illinois General Assembly wrapped up a relatively quiet Veto Session on November 21 and departed the capitol.
Illinois Pollution Control Board to Hold Hearing on Vehicle-Emissions Mandate
The Illinois Pollution Control Board scheduled two days of hearings on a petition to ban the sale of traditional gasoline- & diesel-powered vehicles.
Illinois Sales Tax Revenues Stabilize in October
Despite this uptrend in October, total FY25 sales tax receipts remain $120 million behind collections through October in FY24.
IDES: Illinois Public Sector Growing, Private Sector Shrinking
Private sector employment in Illinois fell year-over-year in September, according to a report released by the Illinois Department of Employment Security (IDES).
Illinois Government Report Projects $3 Billion State Deficit for FY26
Illinois is facing a $3 billion deficit next year, according to a report released by the Governor’s Office of Management and Budget (GOMB).
Illinois Fall Veto Session Agenda Uncertain
The Illinois General Assembly is scheduled to reconvene in Springfield November 12-14 and November 19-21 for its fall Veto Session.