A future Chicago casino could generate much-needed revenue and draw crowds to city hotels and restaurants, tourism experts testified Monday during a gambling expansion hearing that comes as state legislators stare down a budget deadline and fresh concerns about finding new funding sources.
The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
A former CTA employee who says he was axed for blowing the whistle on what he called unrealistic budget projections “has no clue what he’s talking about,’’ CTA President Forrest Claypool said Wednesday
House Speaker Michael Madigan said Wednesday that his chamber’s effort to pass a budget without first securing all the needed revenue would aid a push to make an income tax hike permanent, but his colleagues in the Senate were not happy with the unusual move.
The five casinos took in a total of $95.3 million last month, an 8.9 percent drop from the $104.3 million in revenue reported in March 2013, according to the monthly report issued Tuesday by the Indiana Gaming Commission.
Figures obtained by The Expired Meter website showed the number of red light camera tickets issued in 2013 dropped 5 percent compared to 2012, and were down 20 percent over the last five years.
The money came through a combination of litigation and collection efforts. About one-third of the money was collected through litigation for damages to state property, child support, unpaid educational loans, fines and penalties.
The drop in revenue reflects an expected decrease in the state’s income tax. The temporary hike is scheduled to drop from its current 5 percent to 3.75 percent next January.
With spring training less than a month away, it’s time to begin reviewing the 2014 Cubs. I’ll begin with the most important piece of any team: the revenue side.
As Illinois continues to consider gambling expansion, Indiana is watching its casino revenue drop.
Drivers in Olympia Fields may want to watch where they park, to avoid becoming part of the south suburb’s answer to its budget crisis.
Chicago’s program to use cameras to catch speeders near schools and parks is not generating widespread support, according to a just-released poll.
City Hall has said it would activate fewer than 100 speed cameras around schools and parks to keep environments safe for kids. But one alderman fears that number could be larger — a lot larger.
Do red-light cameras prevent accidents or just generate money for city governments? 2 Investigator Pam Zekman reports.
A new report commissioned by Gov. Pat Quinn says the initial gambling expansion bill passed by lawmakers in May would bring in about $840 million less in new revenue than supporters have claimed.
The Northwest Indiana casino market, like that in all the Chicago area, continued to decline last month, with only Ameristar in East Chicago showing some increase in revenues.
The NFL players’ union and the NFL owners will continue, for the 13th day, to try and work out how to split the roughly $9 billion in annual revenues.
State revenue workers are still opening envelopes and counting the money from Illinois’ just-ended tax amnesty program – only the second in the state’s history.
The governor wants to raise $3 billion more a year by raising the state income tax by 1 percentage point.