income tax hike http://wuis.org en Budget Fight Moves From Taxes To Spending — For Now http://wuis.org/post/budget-fight-moves-taxes-spending-now <p>Democrats in the Illinois House on Wednesday handed a significant defeat to Governor Pat Quinn. Fewer than half are willing to go along with his push to extend a higher income tax rate. That could mean significant cuts in state spending. Brian Mackey reports on how Democrats backed themselves into this corner, and where they go from here.</p><p>Quinn has for two months been asking lawmakers to make 2011’s temporary income tax hike permanent.</p> Thu, 22 May 2014 06:46:31 +0000 Brian Mackey 25646 at http://wuis.org Budget Fight Moves From Taxes To Spending — For Now Governor's Tax Plan Fails Among House Democrats http://wuis.org/post/governors-tax-plan-fails-among-house-democrats <p><span style="line-height: 1.5;">Illinois lawmakers are going back to the drawing board on a state spending plan. Although </span>Gov<span style="line-height: 1.5;">. Pat Quinn and top Democrats have been pushing for an extension of a higher income tax rate, House Speaker Michael Madigan says there isn't enough support for that.</span></p> Wed, 21 May 2014 21:49:56 +0000 Brian Mackey 25640 at http://wuis.org Governor's Tax Plan Fails Among House Democrats Rauner Wades Deeper Into Tax Debate, But Offers No Budget Plan http://wuis.org/post/rauner-wades-deeper-tax-debate-offers-no-budget-plan <p>Republican candidate for governor Bruce Rauner is wading deeper into the debate over whether Illinois ought to extend a higher income tax rate. He's still refusing to say how he would manage the state budget.</p><p><span style="line-height: 1.5;">The Rauner campaign says it's making <a href="https://www.youtube.com/watch?v=o_-1rWh218g">robo-calls</a> to voters in seven House districts. These are key Democrats in the budget debate — most have previously taken positions against the higher tax rate.</span></p> Tue, 20 May 2014 21:49:03 +0000 Brian Mackey 25555 at http://wuis.org Rauner Wades Deeper Into Tax Debate, But Offers No Budget Plan Listen To State Week - May 16, 2014 http://wuis.org/post/listen-state-week-may-16-2014 <p></p><p>This week the Illinois House passed a spending bill that surpasses projected state revenues, leading to more debate over allowing the temporary income tax to expire.&nbsp; Also, judicial action has put the state's pension overhaul on hold.</p><p></p><p></p><p></p> Fri, 16 May 2014 19:24:07 +0000 Bob Meyer 25286 at http://wuis.org Listen To State Week - May 16, 2014 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) State Budget: "It's All In Such A State Of Flux" http://wuis.org/post/state-budget-its-all-such-state-flux <p>After a weekend break, Senators will return to Springfield this afternoon, as the calendar draws closer to the scheduled May 31 adjournment.</p><p></p><p><span style="line-height: 1.5;">While the end of the month is a key date, it's another one, about a half a year away, that will largely guide much of what happens these next few weeks: the November election.</span></p> Mon, 12 May 2014 10:02:04 +0000 Amanda Vinicky 24918 at http://wuis.org State Budget: "It's All In Such A State Of Flux" House Holdup On Tax Hike, Minimum Wage http://wuis.org/post/house-holdup-tax-hike-minimum-wage <p><span style="line-height: 1.5;">&nbsp;</span>Two major Democratic initiatives are still short the votes needed to pass, at least in the House, as the General Assembly heads into the final stretch of its spring session.</p><p></p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>&nbsp;&nbsp;</p><p><span style="line-height: 1.5;">How to deal with Illinois' income tax rate is arguably the biggest issue looming over Illinois politics.</span></p> Wed, 23 Apr 2014 18:34:08 +0000 Amanda Vinicky 23617 at http://wuis.org House Holdup On Tax Hike, Minimum Wage Report: Deficit Expected Even If Tax Hike Stays http://wuis.org/post/report-deficit-expected-even-if-tax-hike-stays <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Even if Illinois keeps its higher income tax rate, a new report projects the state is headed toward deficit spending.&nbsp;</p><p><span style="line-height: 1.5;">Illinois residents are paying a 5-percent tax on their income. It's been that way since 2011.</span></p><p>According to a new report from the University of Illinois' Institute of Government and Public Affairs, that tax money helped balance Illinois' budget this year.</p><p>But economist David Merriman, who directed the project, says that won't last.</p> Tue, 29 Oct 2013 21:30:37 +0000 Amanda Vinicky 11953 at http://wuis.org Report: Deficit Expected Even If Tax Hike Stays Quinn Not Ready To Talk Taxes http://wuis.org/post/quinn-not-ready-talk-taxes <p>Though he supported Illinois' income tax hike in the past, Governor Pat Quinn is so far unwilling to take a stance on whether it should expire.</p><p>This fiscal year, Illinois is putting $6.8 billion toward pensions. An amount that's more than covered by how much money the state took in from a higher income tax rate -- the increase alone is projected to pull in almost $8 billion this year.</p><p>But that raises the question: how will Illinois function when the income tax revenues begin to decrease?</p> Thu, 24 Oct 2013 23:15:13 +0000 Amanda Vinicky 11670 at http://wuis.org Quinn Not Ready To Talk Taxes Rutherford: Permanent Tax Hike ‘On The Table’ http://wuis.org/post/rutherford-permanent-tax-hike-table <p>Monday is day two of state Treasurer Dan Rutherford's three-day tour of Illinois. He's meeting with supporters to say he's officially running for governor. Rutherford has been laying the groundwork to run for years, making the formal announcement one of the least surprising events in Illinois politics. So we asked reporter Brian Mackey to find something about Rutherford's announcement that was surprising.</p><p></p> Mon, 03 Jun 2013 16:13:38 +0000 Brian Mackey 3671 at http://wuis.org Rutherford: Permanent Tax Hike ‘On The Table’