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

Illinois Basketball Museum to Open in Pontiac

basketball

A museum dedicated to Illinois basketball glory will open to fans by 2016.

in Local

Effingham Cross Draws Nearly 10k Visitors

cross_crossroads

9,479 people visited the Cross at the Crossroads.

in Local

Illinois Threatens to Withhold Funds if School Districts Don’t Test

Student Testing

Chicago Public Schools have already declined to offer the PARCC assessment tests.

in Local

Springfield Teen Taken Charged in Tuttle Murder

policetape2

A 16 year old Springfield youth has been charged with First Degree Murder in Tuttle's death.

in Local

Durbin Introduces Bill to End Cuban Travel Ban

durbin

The travel ban has been in effect since 1960, ostensibly as a way to prevent Americans from supporting the Castro communist regime.