News

Senate Approves $34.5 Billion Revenue Estimate

Senate Approves $34.5 Billion Revenue Estimate

Photo: Newsradio WTAX

The Illinois Senate is predicting $1 billion less to spend in the state’s upcoming budget year.

The Senate approved a resolution on a party line vote to set the revenue level at $34.5 billion — about 3 percent less than the number on which the current budget is based.

The House approved the resolution lasts month. It serves as a guide for the budget year that begins July 1. Democrats say the loss of the increased income-tax revenue and increased expenses for essential services would produce a $3 billion hole mid-year.

Recent Headlines

in Local

Springfield Mayoral Candidates Spar Ahead of February Primary

Fresh
vote election

The crowded mayor field will be trimmed after February's primary

in Local

Rauner Rails Against State’s Finances

state_capitol_4

Also wants to overhaul tax system

in Local

Pot Decisions Now Up to Rauner

pot

New governor says he is not in favor of the program during campaign

in Local

Can Gays Be Converted to Straight?

gay_marriage

A bill to ban the therapy could move this year

in Local

Champaign-Urbana or Bust!

university illinois

NetScape, PayPal, Tesla have ties