At Deadline.(Late News)(credit ratings for Resurrection Health Care)(A. M. Castle's largest shareholder plans to sell 2 million shares)(opposition to Rod R. Blagojevich)

Crain's Chicago Business, May, 2007

Civic group raps guv's budget plan An influential Chicago financial watchdog is giving a thumbs down to Gov. Blagojevich's proposed fiscal 2008 budget and $7.6-billion tax on corporate receipts, but says it could back a more modest income tax hike. The Civic Federation terms the gross-receipts tax "seriously flawed'' and says the state can't afford proposed new school and health spending that would grow from $2.6 billion to as much as $9.3 billion in three years.

The state could provide reasonable increases and needed funds for public transit if it revamped employee pension plans and raised income tax rates by one-third, the group contends. Greg Hinz Top investor to sell 2 mil. Castle shares A. M. Castle's largest shareholder plans to sell 2 million...

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