illinois state budget

State Week
3:53 pm
Fri July 18, 2014

Listen to State Week - July 18, 2014

Credit Dan LoGrasso / WUIS

This week, GOP gubernatorial hopeful Bruce Rauner proposed more ways to fix the state's budget woes.  Also, a state legislative commission has pushed back the investigation into Governor pat Quinn's controversial Neighborhood Recovery Initiative until October.

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State Week
4:57 pm
Fri June 13, 2014

Listen To State Week - June 13, 2014

Credit Dan LoGrasso / WUIS

This week, gubernatorial candidate Bruce Rauner chimes in on how to fix the state's budget woes.  Also, State Representative Derrick Smith loses his seat after his conviction on Federal corruption charges, and new developments in the case leveled against state Treasurer Dan Rutherford.

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Statehouse
2:03 pm
Tue May 27, 2014

Illinois General Assembly Moving Forward With New Budget

Credit wikimedia commons

The Illinois Legislature is moving forward with a scaled-back budget lawmakers say will lead to layoffs and further delays in paying the state's bills.
 
The House is expected to vote Tuesday on the approximately $35 billion spending
plan.
Lawmakers drafted the plan after House Speaker Michael Madigan announced his
chamber had given up on extending a temporary income tax increase. That will
result in a roughly $1.8 billion revenue drop next year.
 
Democratic Sen. Dan Kotowski says the new budget plan ensures education

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Statehouse
8:14 pm
Mon May 26, 2014

Illinois House Democrats Regroup, Craft Budget Without Higher Tax

Credit WUIS

Illinois House Democrats have given up on extending a temporary income tax increase and have begun working on a scaled-back state spending plan.
 
Speaker Michael Madigan said Monday that House working groups would begin work
on a ``middle-of-the-road'' budget that's in line with a revenue estimate of about $34 billion.
 
Democratic Gov. Pat Quinn wants to make permanent the income-tax increase that's set to roll back in January. It's costing the typical Illinois taxpayer about $1,100 more this year.
 

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Statehouse
2:14 pm
Fri February 7, 2014

Listen To State Week - February 7, 2014

Credit Dan LoGrasso / WUIS

Among the topics this week: State Treasurer Dan Rutherford denies allegations of sexual harassment and Governor Pat Quinn moves the annual Budget Address to late March.

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Corporate tax breaks
2:50 pm
Thu January 30, 2014

Madigan Proposes Corporate Tax Decrease

  House Speaker Michael Madigan wants to cut the state's corporate tax rate in half. It's an apparent about face on tax policy that's left some Republicans scratching their heads.

Madigan says his proposal aims to create a friendlier business climate in Illinois. Corporations would pay a 3.5 percent tax, down from the current 7 percent.

It's a sharp turn from three years ago when Madigan pushed to increase the corporate tax rate along with the individual income tax.

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Statehouse
6:36 am
Wed October 30, 2013

Bipartisan Call To Work Together On Budget

Credit wnij

Two state senators say partisan bickering over the state's budget should be set aside for the sake of Illinois residents.  

Park Ridge Democrat Dan Kotowski and McHenry Republican Pam Althoff touted the results of a survey of Illinois residents at a Tuesday news conference in Chicago.  

Kotowski says both Democrats and Republicans want many of the same things out of the state's budget. That includes more of the state's budget being put toward growing businesses, ensuring public safety and improving infrastructure.  

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