An Illinois House committee has rejected a proposed tax on sweetened drinks that supporters say would help fight obesity.
The House Revenue and Finance Committee defeated the so-called ``soda tax'' Tuesday. It would have added a tax of 1 cent per ounce to any sweetened beverage.
Rep. Robyn Gabel is an Evanston Democrat. The Chicago Sun-Times reports Gabel told legislators the tax would give people an incentive to choose a healthier drink. It also would generate an estimated $600 million in annual revenue.
A new report says electricity deregulation has saved Illinois customers up to $37 billion over the past 16 years.
The report being released Monday by four business groups says the average household has paid $3,600 less overall than if the average annual electricity rates had stayed the same.
Deregulation kicked in in 1998, allowing Illinois utilities to compete for business on the open market rather than being regulated monopolies whose rates were set. The utilities before deregulation both supplied and delivered electricity to customers, who had no other choices.
A Christmas tree and other holiday decorations bring a festive spirit to the capitol on Monday -- today the statehouse will be bustling during last-minute negotiations ahead of a landmark pension vote.
Illinois legislators will be asked today (12/3) to take what many say could be the most important vote of their careers. They've been called back to Springfield to take up a measure that would drastically alter the state's retirement plans. Doing so would have obvious ramifications for state employees, teachers and university workers whose pensions are at stake. But the impact of a vote is far more widespread. What happens could also affect everything from the state's credit rating and Illinois' next budget, to the 2014 elections. The outcome is anything but certain.
A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs. Greg Baise is President of the Illinois Manufacturer's Association. He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.
Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city. Illinois and other states are wooing the company with promises of tax incentives.