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 then Mostly Cloudy
Latest News Stories
Meeting Summary and Briefs: Will County Board Capital Improvements & IT Committee for October 7, 2025
District Launches ‘Peotone PRIDE’ Engagement Meetings to Boost Community Communication
Meeting Summary and Briefs: Will County Board Public Health & Safety Committee for October 2, 2025
Will County Shapes 2026 Federal Agenda, Prioritizing Health, Housing, and Workforce Funding
Meeting Summary and Briefs: Will County Board Executive Committee for October 9, 2025
Renovations at Veterans Assistance Commission and Court Annex on Track for Winter Completion
Will County Considers First Update to Wastewater Ordinance Since 2016
IDOT Plans to Invest Over $1.3 Billion in Will County Roads Through 2031
Committee Advances 50% Increase in Mental Health Levy on 4-3 Vote
Peotone Schools to Tackle $372,000 in Unpaid Fees with New Plan
Will County Poised to Launch Major Mental Health Initiative Based on Joliet Program’s Success
Looming State Energy Bill Threatens to Further Limit County Control Over Solar and Wind Projects
Controversial Immigrant Rights Resolution Postponed by Will County Board After Heated Debate
