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

Frerichs Releases Treasurer’s Office Audit

frerichs

The state treasurer says an independent review of his office has found problems with an internship program and a college scholarship program that needs a complete overhaul.

in Local

Jobe Supports Historic Preservation Agency Consolidation with DCEO

jobeuber

Illinois' historic sites are -- if the governor gets his way -- on their way to being part of an expanded Illinois Department of Commerce and Economic Opportunity.

in Local

Langfelder Updates on Transition

3-11-15 Langfelder

What does Springfield Mayor-Elect Jim Langfelder expect his transition team to help him with?

in Local

Lincoln Funeral Coalition: Still No Word on Obama Appearance

lincoln

"I've not heard from the Secret Service, so I don't know that [Obama will be coming]."

in Local

Welcoming Centers for Immigrants Affected By Funding Cuts

immigration

The immediate cuts to immigrant services include closing 10 welcoming centers around the state.