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PI Original
by Matthew Blake
Wed Feb 1, 2012

Quinn Focuses On Job Creation Programs, Not Deficit In "State of State"

Illinois Gov. Pat Quinn’s “State of the State” speech today optimistically focused on ways state government can spur job creation and saved a dreary examination of state finances for the governor’s February 22 budget address.

Quick Hit
by Matthew Blake
Tue Jan 31, 2012

Turning Point On Corporate Tax Breaks?

CME Group logoThe city announced that CME Group, Inc. financial exchange elected to turn down $15 million in Tax Increment Financing, or TIF, money.

The announcement came the same day that the Mayor’s office announced TIF reform and two other companies – CNA Group and Bank of America – also returned TIF money. Moreover, CME Group's announcement comes after Stand Up! Chicago delivered a golden toilet to the company’s downtown headquarters last week, partly in protest of their tax incentives.

PI Original
by Steven Ross Johnson
Thu Dec 15, 2011

Corporate Tax Dodge Report Reveals Millions Lost In Illinois

As Illinois lawmakers this week passed a $371 million tax break package aimed at keeping Chicago’s financial exchanges and Sears from fleeing the state, a new study has helped to shed some light on the issue of corporate tax incentives, finding that a number of Illinois’ most profitable firms have paid little in state corporate income taxes in the past three years.