Illinois Retail Merchants Association

capitol
Hannah Meisel/WUIS

  A plan to raise the minimum wage in Illinois has cleared its first legislative hurdle. But as it moves through the General Assembly, it continues to draw criticism from business groups.

The plan would gradually increase the state's minimum wage to $10.65 an hour. Illinois' current rate is $8.25, already one of the highest in the nation.

AARP

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.  

Amanda Vinicky

  There are more than 200,000 limited liability corporations operating in Illinois. The governor has a proposal he says will add more. But business groups are skeptical it will help.

To file as an LLC in Illinois, you have to pay the state at least $500.

During his state of the state address, Gov. Pat Quinn proposed lowering the fee to $39.

"This small but important step will encourage entrepreneurs to start their business and put more people to work right here in Illinois," Quinn, a Democrat, said.