Chicago could lose out on Mars Wrigley candy HQ after $30 million N.J. bid – Chicago Tribune

Chicago could land the new U.S. headquarters for Mars Wrigley Confectionery, but Newark, N.J. might have the sweeter offer after officials in that state approved more than $30 million in tax credits Tuesday. The candy company, a unit of privately held Mars, is considering both Illinois and New Jersey for its U.S. headquarters. Hundreds of jobs are at stake in the decision. If Mars Wrigley selects New Jersey, Chicago — already home to the company’s global headquarters and other operations — could lose some 200 jobs that would be shifted to Newark and another site in New Jersey, according to

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Illinois flunks new nationwide fiscal report card by Volker Alliance- Illinois Policy

A new study by the Volcker Alliance, a nonpartisan organization promoting education in public policy, attributes letter grades to five separate categories – “budget forecasting,” “legacy costs,” “budget maneuvers,” “reserve funds” and “transparency.” In each category, states received grades for fiscal years 2015, 2016 and 2017, as well as a three-year average grade.

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Illinois’ giant pacifier tastes like SALT – Editorial – Chicago Tribune

Democratic U.S. Sen. Dick Durbin during a recent visit to McHenry County assailed the Republican-led tax reform proposals that are making their way through Congress. Durbin was in the right place with the wrong message.

McHenry County residents pay among the state’s highest property taxes. Fast-growing upscale subdivisions, school expansion projects, multiple layers of local government and slower commercial and industrial development sent tax levies soaring, starting about two decades ago.

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Top of residential housing market limping toward the end of sluggish year – Crain’s

Buyers and sellers at the tip-top of the real estate market often do not make real estate decisions for the same practical reasons as people lower down the ladder. Nevertheless, Ames said, “what’s happening at that end is symptomatic of what’s happening across the board: hesitance about the real estate market because of the financial instability in the state.”

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