illinois state budget

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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