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.
Showers And Thunderstorms Likely
Latest News Stories
Illinois AI regulations have mild industry support, could draw federal ire
DOJ files complaint to block Minnesota climate lawsuit
Hegseth: Ceasefire holds despite Iranian aggression
Illinois Quick Hits: Mayors to visit capitol urge protection of local funding
Despite tax revolt, Lower Merion keeps administrator pay high
Supreme Court allows Louisiana to immediately move on drawing new map
After Fifth Circuit ruling on TX border security law, ACLU sues to stop it from going into effect
Colorado legislators back psychedelic drug research
Trump tells small business owners tariffs ‘aren’t high enough’
Pennsylvania has the most Democrats in ‘Red to Blue’ campaign
Trump hosts small business owners at White House, touting business-friendly policies
DeSantis signs new congressional map into law
