Rockford, Illinois News
Browsing Tag

Economy

Report: Homeownership increasingly difficult for Illinoisans

ROCKFORD -- Despite decades of record-setting home sales, owning a home has become increasingly difficult for the average worker. Mortgage interest rates are historically low, yet hourly earnings have failed to keep pace with rising…

Communities yet to claim majority of federal CARES Act money

SPRINGFIELD -- Local officials are having trouble getting their share of federal aid from the state of Illinois but the agency responsible for divvying up the funds says the process is underway. Illinois received $815 million from the…

Winnebago County Board approves property tax hike

ROCKFORD -- Property taxes in Winnebago County will see an increase Oct. 1. The county board, on Thursday, approved a fiscal year 2021 budget that includes a measure to increase the levy to the highest level allowed under state law. The…

Rockford among nation’s most affordable cities

ROCKFORD -- A new study found six Illinois cities rank among the top 50 most affordable housing markets in the country, largely as a result of depressed home prices. The website RefiGuide compared income and the cost of a house to…

Illinois AG joins lawsuit against United States Postal Service

SPRINGFIELD — Operational shifts undertaken by the United States Postal Service in recent weeks, including spending cuts and equipment removal, are illegal, Illinois’ top lawyer and 13 other attorneys general argued in a federal lawsuit…

Trump signs executive order amid Congress impasse

WASHINGTON, D.C. -- President Donald Trump on Saturday signed executive orders to supplement unemployment benefits for workers who lose their jobs during the coronavirus pandemic by $400 a week and suspend payroll taxes for those earning…