Illinois Governor Proposes Ambitious Pension Reform Amid Financial Crisis Concerns Mount Over Rising Pension Costs and Last-Minute Changes in Illinois Strategy According to the center square, Illinois Governor Pritzker wants to make big changes to how the state handles pensions. He aims to increase the funding goal to 100% by 2048. Right now Illinois has … Read more
Millions of dollars are set to be distributed among eligible Black financial advisors as part of a settlement reached by SunTrust Investment Services, now part of Truist Bank, to resolve allegations of systemic race discrimination. The settlement, totaling $1.4 million, stems from a lawsuit accusing the financial institution of paying Black financial advisors less than … Read more
In a trend sparked by the pandemic, Universal Basic Income (UBI) programs have been on the rise across various cities in the United States. These initiatives, aimed at providing direct cash payments to citizens, have been lauded by experts for their effectiveness in combating poverty. However, they have faced staunch opposition from Republican lawmakers, threatening … Read more
The Chicago City Council has approved Mayor Brandon Johnson’s request for $70 million to provide assistance for migrants, despite heated debate among councilmembers. The decision, passed by a 20-8 vote in the Budget Committee, comes after months of deliberation and amidst concerns from some aldermen regarding the allocation of funds. Aldermen David Moore and Anthony … Read more
Residents of Harris County, Texas, are on the brink of receiving monthly payments of $500, thanks to the Uplift Harris County Income Guaranteed Pilot. This initiative, launched by officials in Harris County, aims to support low-income individuals with “no strings attached” financial assistance. The program, funded by the American Rescue Plan Act (ARPA), targets nearly … Read more
In a bid to revitalize its presence in the retail landscape, JCPenney has introduced a new rewards program, CashPass, with a staggering $500 million in incentives set to be distributed to customers. The initiative comes as part of the company’s strategy to expand its footprint and regain the trust of shoppers amidst a challenging retail … Read more
Pennsylvania’s Medicare beneficiaries are in for significant changes to their drug coverage, thanks to the Biden administration’s Inflation Reduction Act of 2022. These changes, set to roll out in 2024 and 2025, aim to alleviate the financial burden on Medicare Part D enrollees while reshaping the landscape of prescription drug benefits. 2024: Relief in Catastrophic … Read more
IRS Funding Impact: Syracuse University Data Reveals Poorest Americans 5x More Likely to Face Audits Despite Biden Assurances Audit Disparity Exposed: Lower-Income Americans Face IRS Scrutiny Despite Biden’s Pledge, Syracuse University Data Shows Despite assurances from the Biden Administration that more IRS funding wouldn’t lead to more audits for regular Americans new data from Syracuse … Read more
Chicago City Council Delays Decision on $70 Million Migrant Support Fund as Mayor Seeks Assistance for New Americans Chicago’s $70 Million Migrant Support Vote Delayed: Mayor’s Request Highlights City’s Balancing Act in Aid Allocation After a lengthy meeting Chicago’s City Council didn’t make decisions on important topics like money for migrants and technology called ShotSpotter, … Read more
In a bid to alleviate the financial burden of adoption, Montana has introduced a new Adoption Tax Credit, offering relief to families navigating the costly process of adoption. Enacted by the Montana Legislature in 2023, this initiative aims to facilitate adoptions and support families embarking on the journey of welcoming a child into their homes. … Read more