Illinois budget

Revenue
11:43 am
Thu July 10, 2014

Illinois Ends Fiscal Year In The Black...Temporarily

Originally published on Thu July 10, 2014 5:18 am

The state took in over a billion dollars more in taxes than the prior year, thanks to an uptick in sales tax money.  Personal income tax revenue also rose , but the amount coming from corporate income taxes dropped. It's something Jim Muschinske, a budget forecaster for the state, said was predicted.

"That was not unexpected. In fact, we actually did better this fiscal year than what was initially assumed back when the budget was passed," Muschinske said.

Read more
Fiscal Year 2015
6:57 pm
Mon June 30, 2014

New Illinois Budget Signed Into Law

Governor Quinn criticized legislators for not doing their jobs, yet he left their spending plan largely untouched.
Credit Rich Egger

Illinois Governor Pat Quinn made a bit of a change to the state budget that goes into effect Tuesday—a change meant to play well with voters.

Read more
Illinois Budget
9:43 am
Mon June 30, 2014

Deadline For Quinn To Take Budget Action

Originally published on Mon June 30, 2014 6:50 am

  It's the last day of the fiscal year for the State of Illinois, which means the pressure is on for Gov. Pat Quinn to sign a new budget into law.

There's nothing on the governor's public schedule for today, but that doesn't mean he won't be busy making official the spending plan passed by his fellow Democrats in the General Assembly.

Read more
Restore Illinois
6:43 am
Thu June 26, 2014

Rauner Plans To Close Tax "Loopholes," Change EDGE Credits

Originally published on Wed June 25, 2014 4:12 pm

  Republican candidate for governor Bruce Rauner has unveiled what he says is phase three of his plans to "Restore Illinois." It's focused on how the state taxes businesses.

In a statement — he released the plan via social media, rather than at a live event — Rauner says he wants to close "special interest loopholes."

Like a tax break for buying a racehorse.

And, in a risky move as he seeks to win newspaper editorial boards' endorsements, he wants Illinois to begin taxing newsprint.

Read more
University Budget
9:52 am
Wed June 11, 2014

WIU Outlines Spending Plan for Next Year

Credit 401(K)2012 / Flickr Creative Commons

Western Illinois University has a preliminary spending plan in place for next year.

Read more

Pages