Illinois Insights: An Update from Cozen O’Connor (5/6)

May 6, 2024

ILLINOIS

| AROUND THE STATE

No ‘April surprise’ leaves state revenue at expected levels as lawmakers finalize budget  

“Revenue for Fiscal Year 2024 remains as predicted as state legislators begin finalizing the Fiscal Year 2025 budget and as lawmakers figure out how to make the most of strong revenue with a tighter revenue-to-expenditures margin,” by The Daily Line.

Pritzker eyes a $20 billion quantum-computing campus

“The state of Illinois is closing in on what it believes could be the biggest technology project in state history: a $20 billion, 150-acre campus in the Chicago area for quantum computing. The campus would be anchored by PsiQuantum, a Silicon Valley startup that is evaluating two Chicago-area locations for a site to build the world’s first industrial-scale quantum computer,” by Crain’s Chicago Business.

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CHICAGO

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Mayor Brandon Johnson Centers Community Involvement with Expanded Strategy for Engagement on City’s FY2025 Budget

“The Office of Mayor Brandon Johnson, in collaboration with the Office of Budget and Management (OBM), is proud to announce a comprehensive three-phase approach to engage the community in shaping the fiscal year FY2025 Budget,” from the Office of Mayor Brandon Johnson.

Johnson pulls plans to place migrant shelter site in 11th Ward after stiff opposition from alderman, property owners

“Mayor Brandon Johnson announced Monday he is pulling his proposal to move migrants from downtown to a new shelter in the 11th Ward in the face of stiff opposition from Ald. Nicole Lee, the latest struggle between the administration and an impatient City Council over where to house the asylum seekers,” by the Chicago Tribune.

O’Hare expansion plan moving forward after United, American agree to city’s new timetable

“To cut costs and appease the two airlines footing much of the bill, Johnson proposed changing the order of construction. Work on the global terminal replacing Terminal 2 would be moved up, but the building of satellite concourses that would add passenger gates — but increase competition for United and American — would be delayed,” by the Chicago Sun-Times.

Chicago’s outdoor dining program kicks off, while Clark Street closure awaits approval

“Restaurants and bars anticipate a big revenue boost from the city’s outdoor dining program — especially with key summer events like NASCAR and the Democratic National Convention,” by the Chicago Sun-Times.

Youth employment subcommittee to hold hearing on citywide strategies to increase opportunities for young people

“A City Council subcommittee will meet Monday afternoon for a subject matter hearing on citywide strategies for youth employment as the city prepares for summer, when shootings and violence typically increase and teens have tended to gather downtown in large crowds that can often become unruly,” by The Daily Line.

FEDERAL

Beltway Briefing: Navigating Big Tech’s Regulatory Labyrinth

Having once sat on a pedestal, big tech finds itself grappling with a maze of state and global privacy and data security regulations. Now, some major tech companies are asking Congress to force privacy standards. With the unveiling of a new bipartisan, comprehensive data privacy framework, the American Privacy Rights Act (APRA), the question arises: will this be the year Congress finally acts on privacy legislation? Featuring Public Strategies’ Patrick Martin, Madison Smith, and Meagan Foster.

Listen to the Beltway Briefing here.

If you have any questions regarding this update or if you’re interested in ways to engage on these issues, please contact one of our team members here.

About Cozen O’Connor Public Strategies

Cozen O’Connor Public Strategies, an affiliate of the international law firm Cozen O’Connor, is a bipartisan government relations practice representing clients before the federal government and in cities and states throughout the country. With offices in Washington D.C., Richmond, Albany, New York City, Philadelphia, Harrisburg, Chicago, and Santa Monica, the firm’s public strategies professionals offer a full complement of government affairs services, including legislative and executive branch advocacy, policy analysis, assistance with government procurement and funding programs, and crisis management. Its client base spans multiple industries, including healthcare, transportation, hospitality, education, construction, energy, real estate, entertainment, financial services, and insurance.

About Cozen O’Connor

Established in 1970, Cozen O’Connor has over 775 attorneys who help clients manage risk and make better business decisions. The firm counsels clients on their most sophisticated legal matters in all areas of the law, including litigation, corporate, and regulatory law. Representing a broad array of leading global corporations and middle-market companies, Cozen O’Connor serves its clients’ needs through 31 offices across two continents.

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