Illinois Gov. J.B. Pritzker put a big hole in Chicago Mayor-elect Brandon Johnson's controversial plan to raise taxes by $800 million.
Several of the levies on Johnson's wish list need approval from Pritzker and the Illinois General Assembly.
By some estimates, the financial sector employs up to 100,000 workers directly and indirectly. Financial giant Citadel, led by billionaire Ken Griffin, recently left Chicago for South Florida. Leaders of the CME Group, for example, have reported setting up computerized trading locations outside Chicago. With the figurative flip of a switch, they could begin executing transactions beyond the reach of City Hall’s tax collectors."The budget plan that I proposed, you know, deals with the structural challenges that the city of Chicago has been facing. And, you know, the reliance on property taxes have left a lot of families in turmoil and despair," said Johnson.
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Gov. Pritzker unveils Illinois grants for tourism, festivals and the artsIndividual grant awards range from $15,000 to $500,000 with an average award of $250,000.
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Mayor-Elect Brandon Johnson Set to Meet With Gov. Pritzker FridayOne day after his first meeting with Chicago Mayor Lori Lightfoot, Mayor-elect Brandon Johnson is slated to meet with Gov. J.B. Pritzker Friday.
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Gov. Pritzker welcomes Mayor-elect Brandon Johnson to Chicago's top officeGovernor J.B. Pritzker will meet with Chicago Mayor-elect Brandon Johnson Friday afternoon.
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Chicago's new mayor-elect Brandon Johnson meets with Gov JB PritzkerGovernor Pritzker said they spoke about balancing the budget, not Johnson's tax plan, but the governor made it clear he is against a tax hike that would drive businesses away.
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Mayor-elect Brandon Johnson, Gov. JB Pritzker meet in ChicagoThey talked about everything from growing the state and local economy, to job creation and helping small businesses.
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Johnson & Johnson Considers Refiling Talc-Liability BankruptcyThe company is exploring the idea of placing a subsidiary shouldering tens of thousands of talc lawsuits into bankruptcy proceedings for a second time, despite a January federal appeals court decision invalidating the so-called Texas two-step legal maneuver.
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