News

Changes Afoot for how State Budget is Set?

Changes Afoot for how State Budget is Set?

Photo: Newsradio WTAX

A state senator wants Illinois to do some longer-term planning: to budget two years at a time.

A biennial budget would require a change to the Constitution – thus, a public vote. State Sen. Jason Barickman (R-Bloomington) says the state has just squandered an opportunity.

When they passed the 67 percent tax increase (the state income tax; from three percent to five percent) back in 2011,” says Barickman, “I wish then they would have painted the longer-term picture about how they were going to pay down our bills and let that tax increase roll back (to 3.75 percent) which, as you remember, is what they promised to do.” Without action otherwise, the flat income tax will revert to 3.75 percent after Dec. 31, halfway through the upcoming fiscal year.

If this comes to pass, it would make Illinois the twentieth state with a biennial budget.

Recent Headlines

in Local

Guilty Plea in Drug Induced Homicide

scales justice

Springfield man faces 30 years in drug death

in Local

S&P Revises Illinois Outlook Downward

state_capitol_3

Standard & Poor's Ratings Services has changed its outlook on Illinois' credit rating for the worse.

in Local

Grandstand Roof Repairs Won’t Be Finished by Fair Time

statefair_grandstand

Repairs to the state fair grandstand's roof won't be finished by the time the fair begins.

in Local

“No Sign of Homicide” in Female Body Found in Rochester

rochester police

Sangamon County Coroner Cinda Edwards hopes the mystery of a woman's skeleton found in Rochester over the weekend could be solved soon.