Poll shows nearly three quarters of Illinoisans support new credit card fee law – (Quincy)

The Interchange Fee Prohibition Act was part of the FY25 budget bills Illinois Gov. JB Pritzker signed  in June. Starting July 1, 2025, credit card companies will be barred from charging fees on taxes and tips. The Illinois Bankers Association joined other organizations that are currently suing the state in federal court. They claim the Interchange Fee Prohibition Act violates federal law.
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David F
1 year ago

3/4 of the public doesn’t understand it or it’s effects (zero to the consumer).

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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