Illinois budget

Illinois Legislature
7:13 am
Mon June 2, 2014

General Assembly Adjourns With Much Undone

House Speaker Michael Madigan addresses his colleagues at the close of the Illinois General Assembly's spring session.

Originally published on Sat May 31, 2014 2:45 am

The General Assembly finished its legislative session shortly after midnight Saturday, approving a billion-dollar road construction program.

Democrats started the session with an ambitious agenda: raise the minimum wage, boost college assistance for low-income students, maybe even change Illinois' flat tax into a graduated one. In the end, none of that happened.

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Illinois Legislature
7:12 am
Mon June 2, 2014

Interfund Borrowing No One's First Choice For Budgeting

Originally published on Mon June 2, 2014 10:48 am

  The budget passed by the Illinois General Assembly does not rely on extending the 2011 income tax hike, as originally planned by Democratic leadership. Instead, it's based on state government borrowing from itself.

Instead of making the five percent income tax rate permanent or chopping away at government programs, lawmakers opted to fill a massive hole in state revenues by doing something called "interfund borrowing."

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Illinois Legislature
7:28 am
Thu May 29, 2014

Cullerton, Madigan Come To Budget Agreement, Will Revisit Revenue After Election

Originally published on Wed May 28, 2014 7:43 pm

  Illinois Senate President John Cullerton (D-Chicago) says he's come to an agreement on state spending with the speaker of the Illinois House. But Cullerton is leaving the door open for an income tax hike after the November election.

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Illinois Legislature
6:41 am
Wed May 28, 2014

House Democrats Reject Gov's Budget Ultimatum

The floor of the Illinois House during Tuesday's debate over the FY15 budget.

Originally published on Tue May 27, 2014 11:16 pm

Two months after Governor Pat Quinn laid out his vision for Illinois' budget, the House of Representatives has approved a state spending plan. Quinn presented two options: make 2011's temporary tax hike permanent, or make steep cuts across government. Lawmakers considered those options and chose ... neither.

Quinn has been clear about the potential consequences of letting Illinois' income tax rate drop, as it's scheduled to do at the end of the year.

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Employment Growth
1:00 pm
Fri March 28, 2014

A Slow Go for Illinois' Economy

Credit Flickr Commons / Markheybo

An economist predicts raising the minimum wage would hurt already poor job growth in Illinois.

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TSPR Local
7:43 am
Thu March 27, 2014

Quinn Tax Hike Plan Sets Stage For Governor's Race

Gov. Pat Quinn delivers his annual budget address on the House floor Wednesday. In his speech, Quinn called for extending the 2011 income tax hike.

Originally published on Fri March 28, 2014 12:42 pm

  Plenty can, and will, happen before voters go to the polls in November to chose their next governor. But a central theme of the campaign emerged Wednesday, when Gov. Pat Quinn proposed making permanent what was supposed to have been a temporary hike in the state's income tax. His Republican opponent, Bruce Rauner, favors letting the increase lapse.

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Budget Address
6:40 pm
Wed March 26, 2014

Illinois Democrats to Push for Permanent Income Tax Hike

Governor Pat Quinn

Illinois House Speaker Michael Madigan (D-Chicago) said he will call a vote this spring on making the state's temporary income tax increase permanent.

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Deadbeat Illinois
2:12 pm
Mon February 10, 2014

Consolidated Schools Still Owed Money

Norine Hammond
Credit Rich Egger

Illinois schools – especially downstate schools – have been encouraged to consolidate.  But the state has not come through with all the funding promised for consolidations.

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Don’t Expect Pension Savings
2:01 pm
Wed January 8, 2014

Another Tough Budget for Illinois

The Illinois Capitol building
Credit Brian Mackey

Money will likely be tight for politicians crafting Illinois’ next budget, despite a pension law that's supposed to save $160 billion.

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Spring Session Ends
11:19 am
Fri June 1, 2012

Illinois Budget Approved; Pension Reform Lingers

The Illinois Capitol building

Illinois lawmakers worked 90 minutes overtime to complete work on the new state budget. But they still have not addressed concerns with the state's pension system.

The Budget

The  Democratic budget imposes cuts throughout state government. But Republicans say the high spending levels mean the temporary income tax increase will have to be made permanent.

Democrats were attacked from within, too.

Democratic Senator Kimberly Lightford railed against what she said is too little money for higher education.

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