Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon

Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon

August 28, 2025/
Spread the love

By Jim Talamonti | The Center Square
The Center Square

$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.

Community Events

Leave a Comment





Latest News Stories

Meeting Briefs

Meeting Summary and Briefs: Mokena Community Park District for September 23, 2025

Mokena Community Park District Meeting | September 23, 2025 The Mokena Community Park District Board of Commissioners celebrated the success of recent projects and updated its financial policies during its...
Congressional Perks: Luxury cars and mileage result in big costs for taxpayers

Congressional Perks: Luxury cars and mileage result in big costs for taxpayers

By Arthur Kane | The Center SquareThe Center Square (The Center Square) – U.S. Reps Darrell Issa, R-Calif., and David Scott, D-Ga., have each had taxpayers pay as much as...
Concept of inflation, rising interest rates and economic growth.

Mokena Village Board Approves Sales Tax Increase to Fund Infrastructure

Village of Mokena Board of Trustees Meeting | October 27, 2025 Article Summary: The Mokena Village Board has approved an ordinance to increase the non-home rule municipal sales tax by...
Illinois quick hits: $20 million for Alton housing project; alleged migrant assaults reported

Illinois quick hits: $20 million for Alton housing project; alleged migrant assaults reported

By Jim Talamonti | The Center SquareThe Center Square $20 million for Alton housing project Gov. J.B. Pritzker and the Illinois Housing Development Authority announced the opening of a $20...

WATCH: Illinois DCFS can’t locate documents showing number of missing children

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Documents to show the number of missing youth in care from the Department of Children and Family...
Will Dial-A-Ride Service

Will County Committee Advances Phased Takeover of Central Will Dial-A-Ride Service

Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved a five-year plan to consolidate the Central Will Dial-A-Ride service into its...

WATCH: Pritzker: ‘Government isn’t always the best option’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says government is not always the best option when it comes to private...
mokena fire protection district logo graphic.4

Mokena Fire District Approves $114,000 Overhaul for Ailing Fire Truck

Mokena Fire Protection District Meeting | September 2025 Article Summary: The Mokena Fire Protection District Board of Trustees has approved a $114,000 plan for a complete mechanical update and corrosion repair...
Meeting Briefs

Meeting Summary and Briefs: Village of Mokena Board of Trustees for October 13, 2025

Village of Mokena Board of Trustees Meeting | October 13, 2025 The Mokena Village Board on Monday, October 13, 2025, gave final approval for a new restaurant and outdoor entertainment...
ELECTION DAY 2025: Virginia, NJ governor, NYC mayor, more at stake

ELECTION DAY 2025: Virginia, NJ governor, NYC mayor, more at stake

By Dan McCaleb and Andrew RiceThe Center Square Voters in several states and cities across the U.S. will decide key races for governor, mayor and other positions Tuesday as voting...
Government shutdown to surpass 35 days, breaking all records

Government shutdown to surpass 35 days, breaking all records

By Thérèse BoudreauxThe Center Square For the 14th time, U.S. Senate Democrats on Tuesday filibustered Republicans’ funding bill to reopen the government, guaranteeing that the ongoing shutdown, now on its...
Reported bomb threat halts flights at Washington Reagan National Airport

Reported bomb threat halts flights at Washington Reagan National Airport

By Sarah Roderick-FitchThe Center Square Flights in and out of Washington Reagan National Airport were momentarily halted due to a reported bomb threat on an incoming flight. The app Flight...
22 candidates vying for Illinois’ Democrat, Republican U.S. Senate primary

22 candidates vying for Illinois’ Democrat, Republican U.S. Senate primary

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Some of the 22 candidates vying for their party’s nomination for the U.S. Senate seat being vacated...
Trump says SNAP benefits on hold until government reopens

Trump says SNAP benefits on hold until government reopens

By Brett RowlandThe Center Square President Donald Trump said Tuesday that federal food benefits won't go out until the government reopens, a statement at odds with what his administration has...

WATCH: Illinois tax amnesty program closes Nov. 17, brings in $82.5 million

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The Illinois Department of Revenue is confident it will meet, if not exceed, its goal of bringing...