Danish biopharmaceutical company Lundbeck will leave its U.S. headquarters in Deerfield to relocate in the greater Boston area, where it plans to create a global innovation hub. The move of headquarters out of Lake County is a blow to the Illinois biopharma ecosystem that has lost business to well-established life sciences hubs like Boston, the Bay Area and elsewhere.
California, New York and Illinois continued to hemorrhage taxpayer returns in 2023--the latest year for which data is available. All three have been the biggest losers since 2012.
Mullin and his DHS spokesperson both criticized legislation by Rep. Delia Ramirez, D-Ill., a member of the progressive "Squad," that would dismantle most of the department and abolish Immigration and Customs Enforcement (ICE).
“It's over $2 billion of taxable income that has left Illinois just for Florida alone,” Florida Chamber President and CEO Mark Wilson said.
Chicago is rapidly running into a situation where the market won’t let it do that anymore at rates that are anywhere near other muni market rates. So are other governments. Their choice will be to raise many fees and tax citizens at higher rates.
The exact price tag clocks in at $909 million, which is $59 million more than the center’s previously released figure of $850 million. Obama Foundation CEO Valerie Jarrett said the increase is due to “additional amenities” added to the campus.
The comments, made in response to a video posted on Instagram, are beyond raw, even by the standards of the internet. "I looked at 65 units across 10 properties that I’ve owned continuously since 2020, and those three costs make up nearly three-quarters of my operating budget. Since then, my insurance is up 73%, my taxes 45% and my utilities 33%. Together they rose 46% in five years, nearly double the rate of inflation. My rents rose 27%."
Forty percent of Chicago’s operating budget is gobbled up by pension and debt payments — which is why opposition aldepersons want to make it tougher for Mayor Brandon Johnson or his successor to add to that mountain of debt.
What Pritzker doesn't tell you that it cost taxpayers billions, not millions, in higher taxes to get those upgrades, vastly exceeding the savings.
Wirepoints will be complementing their mission however we can.
Ballots start going out next week and Stratton has yet even to attempt to show that she’s qualified for the Senate. She has assessed that Illinois' media environment and one-party political culture will let her get away with hiding.
State investment totals have skyrocketed since 2015 from about $10 billion to over $41 billion and political abuse of the money has been common. The money is currently returning just 3.7% per year.
Most of Illinois' local municipal pensions are distressed and hundreds are deeply distressed, imposing a costly drag on the towns and cities that sponsor them.
There's an irony surrounding the battles over solar farms in Illinois. Residents are being forced – through mandatory surcharges in their electric bills – to pay for the very subsidies that help make solar projects profitable. Their own money is being used to finance solar farms that many residents don’t want. That’s exactly what’s playing out in Effingham today.
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