A February 2015 study by NERA Economic Consulting and commissioned by the NAM, Economic Impacts of a 65 ppb National Ambient Air Quality Standard for Ozone reveals that a new ozone regulation from the Obama Administration could cost the economy $140 billion per year and place over one million jobs at risk. This would be the most expensive regulation ever imposed on the American public. The analysis found that the EPA’s proposed regulation could: Reduce U.S. GDP by $140 billion per year and $1.7 trillion from 2017 to 2040 Result in 1.4 million fewer job equivalents on average through 2040 Cost the average U.S. household $830 per year in the form of lost consumption.
Governor Bruce Rauner addressed a joint session of the 99th General Assembly to provide his inaugural Illinois budget blueprint. Dishing out a dose of strong medicine, Governor Rauner offered an annual budget that reduces spending by $6.2 billion representing a nearly 18 percent reduction from last year’s budget. In his address, Governor Rauner asked lawmakers to work with him to address the fiscal crisis by reducing spending in areas of pensions, healthcare costs for state workers, Medicaid, distributions to local governments, and ten percent cuts in nearly every state agency. The spending plan does prioritize education funding and contributes nearly $300 million for K-12 schools with additional funding for early childhood education.
Posted: Feb 10, 2015 11:08 PM CST - From WANDTV.com - Decatur- For some Illinois state lawmakers, they travel though Decatur on their way to the state capitol, but on Tuesday their end destination was the soy city. Five new freshman lawmakers got to see how two global manufacturing companies operate. For State Representative Carol Ammons, the trip was worth taking from Champaign.
Illinois Manufacturers’ Association President & CEO Greg Baise Reacts to Governor Rauner’s State of the State Address
“Illinois has suffered without strong executive leadership for more than a decade, and we’re pleased that Governor Bruce Rauner has outlined a clear path to prosperity for Illinois. Job creators see a glimmer of hope because Governor Rauner recognizes that Illinois can no longer afford to kick the can down the road and must make the bold and decisive choices in order to create a booming economy,” said Greg Baise, president & CEO of the Illinois Manufacturers’ Association. “We’re pleased that Governor Rauner is focused on key issues like workers’ compensation reform, comprehensive tax reform, education and workforce development, and creation of local empowerment zones to help spur job growth and economic development. It’s now time for Governor Rauner and the General Assembly to work together and deliver results because we can’t afford to wait any longer.”
Oak Brook, Illinois…Illinois led the nation in the number of newly credentialed machinists during 2014. The National Institute for Metalworking Skills (NIMS) announced that it awarded a record setting 2,285 certificates last year to individuals in Illinois seeking to enter into or advance in jobs in the industry, representing a 36% increase over 2013. In fact, more than one third of all credentials earned in the mid-‐west alone went to Illinois men and women. Overall, NIMS issued 18,947 industry-‐recognized credentials nationally during 2014.