tax hike http://wuis.org en House Democrats Pass Spending Plan (Barely) http://wuis.org/post/house-democrats-pass-spending-plan-barely <p>How much you'll pay in state taxes next year remains an open question, even as the Illinois House Thursday approved dozens of spending bills, that rely on a permanently higher tax rate. It sets the stage for a budget battle, just weeks before legislators are set to adjourn for the summer.</p><p></p><p><span style="line-height: 1.5;">The Illinois House convened at 8 o’clock Thursday morning, and spent most of a very long day on the budget. Lawmakers began with a debate on funding Illinois' public education system, giving schools a slight increase over this year.</span></p> Fri, 16 May 2014 10:56:00 +0000 Amanda Vinicky 25235 at http://wuis.org House Democrats Pass Spending Plan (Barely) A Conversation With Sen. President John Cullerton http://wuis.org/post/conversation-sen-president-john-cullerton <div><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Illinois' &nbsp;General Assembly is heading into its final stretch. &nbsp;They've got a lot to resolve before their scheduled adjournment at the end of this month, including what to do about Illinois' income tax rate. &nbsp;</div><div>It's scheduled to drop midway through the next fiscal year, but Democrats, &nbsp;including Senate President John Cullerton, want to make the current, higher rate permanent. Thu, 01 May 2014 03:56:57 +0000 Amanda Vinicky 24170 at http://wuis.org A Conversation With Sen. President John Cullerton You First ... No, You First: Tax Hike Timing http://wuis.org/post/you-first-no-you-first-tax-hike-timing <p>The Illinois House will take the lead on whether Illinois keeps its 5 percent income tax. It's scheduled to roll back at the end of this year unless legislators take action.</p><p></p><p><span style="line-height: 1.5;">It's happened in the past.&nbsp;</span><span style="line-height: 1.5;">The Illinois Senate will pass a controversial measure -- like a tax hike -- only for it to languish in the House.</span></p><p>Not this time.</p><p>Senate President John Cullerton says the Senate will vote on the tax question if and only if it first passes the House.</p> Mon, 28 Apr 2014 20:03:31 +0000 Amanda Vinicky 23990 at http://wuis.org You First ... No, You First: Tax Hike Timing How Much Would Your School District Lose? http://wuis.org/post/how-much-would-your-school-district-lose <p><span style="line-height: 1.5;">&nbsp;<a href="http://www.isbe.net/budget/FY15/fy15-budget.htm">&nbsp;</a></span><a href="http://www.isbe.net/budget/FY15/fy15-budget.htm">New data</a> suggests just how big a hit most school districts would take if Illinois' income tax rate rolls back as scheduled at the end of the year.</p><p></p> Thu, 17 Apr 2014 09:44:00 +0000 Amanda Vinicky 23168 at http://wuis.org How Much Would Your School District Lose? Budget Gap To Increase Despite Pension Overhaul http://wuis.org/post/budget-gap-increase-despite-pension-overhaul <p>Illinois' pension overhaul is tied up in a court challenge.&nbsp; But even if it remains law, cuts to state employees' and public school teachers' retirement benefits will not solve the state's budget problem.&nbsp; That's the forecast from a report issued today by the University of Illinois' Institute for Government and Public Affairs. Amanda Vinicky spoke with the report's principle author, economist Richard Dye.</p><p></p> Tue, 21 Jan 2014 13:15:00 +0000 Amanda Vinicky 17328 at http://wuis.org Budget Gap To Increase Despite Pension Overhaul