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Powell signals Fed may cut rates soon even as inflation risks remainAug 22, 2025 9:14 am - Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
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Cary adds non-home-rule sales tax after voters reject home rule status, extends grocery tax
Aug 22, 2025 8:10 am - Cary officials have approved a non-home-rule general sales tax and the continuation of a 1% grocery tax for next year.
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‘Lesser of two evils’: Naperville approves local grocery taxAug 22, 2025 8:09 am - Naperville shoppers will continue paying a 1% tax on their groceries. Following the lead of several neighboring communities, Naperville city council members this week voted 5-4 to replace the state’s 1% grocery tax with a local tax.
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Gurnee to consider 40-unit ‘workforce housing’ proposalAug 22, 2025 6:37 am - A proposed 40-unit “workforce housing” development, east of Route 21 near the Tri-State Tollway in Gurnee, will proceed to the village board for consideration.
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Condo boards not required to provide year-to-date financials with annual budgetAug 22, 2025 6:00 am - Condo boards must provide an annual accounting of expenses but not a year-to-date report when proposing a budget.
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DuPage Medical Society Foundation names scholarship grant awardsAug 22, 2025 12:03 am - The DuPage Medical Society Foundation board of trustees announces the awarding of 25 student scholarships for 2025.
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Greater Family Health opens 12th health center in Des PlainesAug 21, 2025 10:34 pm - Greater Family Health, a major community health center in Illinois, opened its 12th location in Des Plaines on Aug. 18.
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Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 21, 2025 4:33 pm - Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
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Insurance industry opposes regulation, blames inflation, climate change for rate hikes
Aug 21, 2025 3:34 pm - Gov. JB Pritzker and legislative leaders have suggested Illinois should exercise more regulatory authority over premiums that insurance companies charge for homeowners coverage. That began after State Farm Insurance announced it was raising rates in Illinois by an average 27.2%.
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West Chicago mayor’s renderings spark community interest in downtown developmentAug 21, 2025 1:15 pm - West Chicago Mayor Daniel Bovey recently posted a series of renderings of downtown improvements on Facebook that has residents buzzing with curiosity.