Illinois Senate To Vote On Budget Bills Tuesday
The Illinois Senate is expected to vote on a full budget Tuesday. That’s after the House passed a spending plan and a tax increase over the weekend to try and end the two-year long impasse.
The Illinois Senate is expected to vote on a full budget Tuesday. That’s after the House passed a spending plan and a tax increase over the weekend to try and end the two-year long impasse.
The Illinois House has approved a 1.2 percentage-point increase in the state income tax. Last night, more than a dozen Republicans joined the majority Democrats to pass the legislation, despite the objections of Governor Bruce Rauner.
This week, we’re revisiting an Illinois Issues interview with House Speaker Michael Madigan from 1988. In the interview, Madigan talked about his views on taxation and its relationship to Illinois’ business climate, many of the same topics that are in play today.
Democratic lawmakers and Rauner do not appear to be close to a budget deal. But if they can work out their differences, they will likely be looking for more revenue to help close the state's massive budget deficit. That could mean higher taxes for you.
As Illinois faces major budget problems, everyone has a different answer for which services to cut and which taxes to raise.