News

Madigan says House Dems Will Keep Working On A Budget

Madigan says House Dems Will Keep Working On A Budget

Photo: Newsradio WTAX

Illinois House Speaker Mike Madigan (D-Chicago) says another budget will be drafted by House Democrats. So far one budget has passed; the problem is it would contain revenue reliant on the current income tax rate of 5 percent. But the rate is due to expire at the end of the year and so far there’s not enough support in the Illinois House to keep that from happening.

An austerity budget proposed as an alternative failed on Friday by a vote of 107-5.

Madigan predicts this about the end result: “There will be at least 60 Democrats, maybe more, that will be supporting a budget which will continue to provide a good service to the people of the state of Illinois without the income tax increase,” he said.

The rollback of the income tax rate to 3.75 percent would reduce state revenue by $1.8 billion.

Now it’s up to legislators to craft a budget without that revenue, one that can pass. They have until the end of the month to pass one with a simple majority.

Recent Headlines

in Local

Reverse Agriculture Trade Mission Kicks Off in Auburn

soybeans

Illinois attracts international tourists. They are easy to spot along Michigan Avenue in Chicago. Downstate farm fields, not so much – except for this week.

in Election 2014, Local

McFarland Enters City Council Race, Seeks Ward 4 Seat

mcfarland

A school board member is switching it up next year -- running instead for Ward 4 on the city council.

in Local

Area Economic Health is Still in Poor but Guarded Condition

UIS logo

Some guarded optimism for area's business health

in Local

Saturday Shooting Victim Identified; Still in Critical Condition

gun

A man shot in the face late Saturday night is still in critical condition.

in Election 2014, Local

Rauner Proposes Ban on Outside Employment for Legislative Leaders; Leaders Aren’t Sold

state_capitol_4

Republican governor candidate Bruce Rauner doesn't want state legislative leaders to hold outside jobs