Carol Sente

Budget FY15
5:56 am
Fri May 16, 2014

House Democrats Pass Spending Plan (Barely)

Illinois is beginning to work on its budget for Fiscal Year 2015.
Credit wnij

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.

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.

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Governor's Budget
10:11 am
Sun March 23, 2014

A Possible Six-Month Budget From Gov. Quinn?

  More than a month after he was supposed to outline his financial agenda for the state, Governor Pat Quinn will deliver his budget address this week. He has promised to give a long-term plan as well. But some legislators fear Illinois will go the opposite route and adopt a partial-year budget.

During his budget speech Wednesday, Gov. Quinn will presumably answer the question he has avoided answering for months: what should Illinois do about the temporary income tax increase, set to rollback in January? That's midway through the next fiscal year.

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