The Week in Business: Local school districts taking action against proposed Bears tax breaks; state bill would limit Styrofoam use.
Schools to oppose Bears' tax breaks All three school districts whose boundaries include the Chicago Bears' 326-acre Arlington Park property are now all on board in hiring a joint lobbyist to oppose, or at least amend, legislation that would give the franchise a massive tax break there.
State bill would limit Styrofoam use State representatives on Wednesday introduced a bill that would prohibit retailers from selling or distributing single-use foodware made of polystyrene foam, more commonly known by the brand name Styrofoam. Raising Cane's gets Mount Prospect OK Mount Prospect trustees give unanimous approval to plans for a Raising Cane's at 915 E. Rand Road. Waukegan casino opens to big crowd A long-awaited casino expected to provide an economic boost to Waukegan and the area opened this past weekend to VIP fanfare and a big crowd. Naperville to enforce rifle sales ordinance According to the city attorney, the Naperville Police Department is free to enforce a city ordinance banning the sale of certain high-powered rifles after a federal judge last week rejected a request for a temporary restraining order and preliminary injunction. Naperville moves toward sales tax A divided Naperville City Council voted to prepare ordinances creating a business district and approving a 1% sales tax to help finance redevelopment of the Heritage Square Shopping Center. McGrath Kia gets OK for expansion Palatine village council members approved plans this week for the remodeling and expansion of the McGrath Kia dealership on Dundee Road, and recommended that Cook County grant the dealership a five-year tax break. State credit rating upgraded again S&P Global Ratings announced Thursday that it had raised Illinois' long-term credit rating to A-, up from BBB+, marking the seventh upgrade the state has received from a major rating agency in less than two years.
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