prices

Alderman Samantha Nugent asked to see a $3 million budget analysis prepared for the city by Ernst & Young. Alderman Brendan Reilly repeated Nugent’s question to Chicago Budget Director Annette Guzman. #deficit

Unlike previous proposals, Preston emphasized, the measure would not force Illinois residents to foot the bill through higher rates. #bill

According to the report, two of the five major metropolitan areas with the biggest inflation problems have a large footprint in Illinois. #inflation

On July 1, the state will raise taxes on short-term rentals, sports wagering, telecommunications, tobacco and vaping products. #taxes

“This will be a difficult summer for far too many customers, and we urge ComEd to do everything possible to work with people so they stay safe, cool and connected this summer,” CUB Executive Director Sarah Moskowitz said. #electric

Increasing energy prices are causing alarm among some consumer advocates and state policymakers, who worry that the long-term problems underlying the rising costs could lead to even higher prices or rolling blackouts. #electric

Price growth in the Chicago housing market is now running twice as high as the national average, with Crain’s monthly real estate data roundup showing rising costs across much of the area have been in effect since last summer as interest rates have continued to remain high. #prices

“American families and businesses are struggling with high costs. It’s one of the top issues that they want policymakers to address,” said Neil Bradley, Chief Policy Officer at the U.S. Chamber of Commerce. #tariffs