Illinois Insights: An Update from Cozen O’Connor (10/29)

October 29, 2025

ILLINOIS

AROUND THE STATE

Illinois House Democrats float taxes on streaming services, billionaires to fund Chicago-area transit reform

“Illinois Democrats leading transit talks floated several potential taxes in a bill filed late Tuesday to generate $1.5 billion to help the CTA, Metra and Pace avoid a $200 million-plus fiscal cliff approaching next year,” by the Chicago Sun Times

Springfield moves to reboot stalled energy bill amid rising power prices

“Labor and environmental groups have teamed up to support an energy bill in the General Assembly’s veto session this week that would fund billions of dollars in battery-storage projects,” by Crain’s Chicago Business.  

Illinois House GOP oppose Democratic effort to change state’s congressional map 

“Illinois House Republicans say they strongly oppose any attempt to change the current congressional map to help Democrats gain another seat,” by WAND News.

Chicago, Cook County and state appeal Trump’s denial of disaster declaration for severe summer flooding

“The city of Chicago, Cook County and the state of Illinois are appealing President Donald Trump’s denial last week of a disaster declaration that would have unlocked federal financial assistance for survivors and public repairs after heavy rains and flooding in the state in July and August,” by the Chicago Tribune.  

Illinois joins lawsuit to force federal government not to pause SNAP benefits

“Illinois joined 24 other states and the District of Columbia in suing the Trump administration over plans to stop funding the Supplemental Nutrition Assistance Program on Saturday as the federal government shutdown continues,” by Capitol News Illinois.  

 

CHICAGO

MORE FROM CITY HALL

Johnson: Those opposed to head tax ‘should do some real soul searching’

“Mayor Brandon Johnson said today the business community is ‘awfully unreasonable’ in opposing his attempt to revive the corporate head tax, but pledged to fight to keep it in his $16.6 billion 2026 budget proposal,” by Crain’s Chicago Business

Mayor Johnson ramps up pressure on state lawmakers to help him save working people from Trump cuts

“Mayor Brandon Johnson turned up the heat on the Illinois General Assembly Tuesday to deliver the progressive revenue he claims Chicago needs to protect working people from funding cuts imposed by President Donald Trump that he called potentially life-threatening,” by the Chicago Sun Times

Chicago school board to vote on pension reimbursement to the city

“The Chicago school board will hold a special meeting Thursday to authorize a $175 million pension reimbursement to the city,” by Chalkbeat Chicago.

Bovino ordered to make daily court appearances after three days of tear gas in Chicago 

“In his highly anticipated appearance in a federal courtroom Tuesday, U.S. Customs and Border Patrol Commander Gregory Bovino — who has become the face of the Trump administration’s ongoing ‘Operation Midway Blitz’ Chicago-area immigration enforcement campaign — did very little of the talking,” by Capitol News Illinois

Cook County leaders want property tax relief for more seniors, but south suburban mayors group resists 

“As election season kicks off in earnest and the Springfield veto session hurtles to its conclusion, Cook County Board President Toni Preckwinkle and Assessor Fritz Kaegi are both pressing state legislators to expand property tax break eligibility for lower-income seniors,” by the Chicago Tribune

 

FEDERAL

Cozen Currents: America First Goes Global

President Trump’s philosophy may be “America First,” but thus far in his second term, he has increasingly focused on foreign policy and has staked out a role in conflicts around the world. 

President Trump has proposed several ways in which his administration may utilize the increased revenues his array of tariffs are yielding. However, these plans have yet to turn into reality as the White House faces legal obstacles that may primarily limit the application of the tariff revenue to offset the deficit impact of the One Big Beautiful Bill Act. 

A power struggle is emerging over who will lead NASA into its next era – and where it will go. Read the Cozen Currents here.

Beltway Briefing: In-Conversation with Kathy Wylde on NYC Business & Government

Kathryn Wylde, President and CEO of the Partnership for New York City, joins host Howard Schweitzer to reflect on her decades leading one of the nation’s most influential business organizations. Together, they explore how New York’s fabric is defined by its bottom-up composition—diverse voices across sectors united by a shared vision. The city’s resilience and commitment to public-private collaboration offer lessons for how government and business can work together to solve complex challenges. Featuring Public Strategies CEO Howard Schweitzer and Partnership for New York City CEO Kathy Wylde here.

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