Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon
$1.57B return on investments
Illinois Treasurer Michael Frerichs says his office made a record $1.57 billion in investment earnings from the state investment portfolio during fiscal year 2025.
Frerichs said his office also made $998 million in gross investment earnings for municipalities and school districts.
The treasurer said every dollar earned in interest is a dollar that lawmakers don’t have to raise in taxes.
Solar-powered manufacturer cuts ribbon
Gov. J.B. Pritzker and other state and local officials have cut the ribbon on a new solar-powered manufacturing facility in Mount Vernon.
Manner Polymers received Reimagining Energy and Vehicles in Illinois tax credits for the electric vehicle and solar panel component factory.
The company’s incentive package also included $2.5 million for a new rail spur, funded by state taxpayers.
Illegal gambling warning
As college and professional football seasons get underway, the Sports Betting Alliance of Illinois is warning that the risks of illegal online gaming will rise as companies pass the state’s sports-betting tax onto customers.
The group says the per-wager tax will have the most impact on recreational bettors who place small-dollar wagers, with more than half the bets placed in Illinois at $5 or less.
Slight Chance Showers And Thunderstorms
Latest News Stories
Will County Executive Committee Delays Vote on School Choice Referendum
Construction Business Permit on Sweedler Road Hits Snag Over Flood Plain Issues
Manhattan Parent Makes Emotional Plea for More Transparent School Threat Policies
Chicago council committee rejects mayor’s proposed tax hikes
Illinois quick hits: Elections board considers primary election petition objections
Feds: Illegal commercial drivers licenses issued in California
Socialist candidate runs against Los Angeles mayor
193 youth in care of Illinois’ child welfare agency missing in 2025
Hemp industry advocate promises to work with Pritzker, lawmakers
Bill would make health care sharing ministries tax deductible
HHS terminates Biden-era rule that rewarded doctors for ‘anti-racism’ plans
Average cost of family insurance nears $27,000 a year
U.S. House to vote on releasing the Epstein files
Vermont looks to encourage legal immigration pathways
