News

Quinn Wants to Give More Income Tax to Cities

Quinn Wants to Give More Income Tax to Cities

Photo: clipart.com

Gov. Pat Quinn is talking about giving more money from the income tax to cities.

Cities now get 6 percent of state income tax, distributed based on population. It used to be 10 percent, but when the income tax rate went up in 2011, the portion that’s shared went down to keep the dollar amount the same.

Quinn says he’s open to raising the percentage now, in an effort to keep a lid on property tax, which he characterizes as a regressive tax.

“I think that’s a good way to help local units of government reduce their reliance on property taxes. That has to be one of our foremost missions in Illinois. The property tax collects more money every year than the income tax and sales tax combined,” he said.

Quinn says he’ll discuss with mayors how much their share will go up.

The income tax increase will expire at the end of this year, with the rate scheduled to fall to 3.75 percent, but the governor is seeking new legislation to make the 5 percent rate permanent.

Recent Headlines

in Local

Woman Accused of Fatal Accident Wants New Attorney

ANDREA LITTLE 102052

Andrea Little had been expected to plead guilty.

in Local

Federal Grand Jury Indicts 2 Decatur Residents

jail

Two Decatur residents have been charged by a federal grand jury in Springfield.

in Local

House Fails to Override Veto of Union-Backed Bill

rauner

The House voted 68-34 to override Rauner's veto of the bill. It needed 71 votes to become law.

in Local

Child Care Assistance Program Changes Fail By One Vote

local_news_generic

A plan to restore state-subsidized child care assistance for low-income working parents has failed by one vote in the Illinois House.

in Local

Peoria Settles With Man Who Parodied Mayor on Twitter

twitter

The city of Peoria will pay $125,000 to a man whose home was raided after he created a Twitter account to parody the mayor.