Most Active Stories
Illinois Income Tax
Wed April 23, 2014
Senator Sullivan Says Drastic Cuts Ahead If Tax Hike Expires
A western Illinois lawmaker is warning of dire consequences if the temporary income tax increase is allowed to expire.
Senator John Sullivan (D-Rushville) says there are more needs than resources available. And losing revenue would force more reductions.
“We’re looking at some pretty drastic cuts to a lot of different programs including education, including Western Illinois University including all the community colleges. It’s a tough scenario.”
Public universities are also cautioning against further cuts to education. Western Illinois University President Jack Thomas says they’ve lost $11.6 million in state funding over the last 12 years. And he says the state still owes Western 20 million dollars for this fiscal year.
Governor Pat Quinn supports making the 5-percent tax rate permanent. He says without it, Illinois will have 2-billion dollars less in revenue for next fiscal year.
Many Republicans oppose extending the tax rate including the party’s nominee for governor Bruce Rauner.
Not Much for Schools in Year One
Republican Gubernatorial Primary Results