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Tag: revenue

What’s in Illinois’ $46 billion budget package?

What’s in Illinois’ $46 billion budget package?

— April 21, 2022

SPRINGFIELD – Gov. J.B. Pritzker signed a package of bills Tuesday, April 19 that make up a roughly $46 billion Fiscal Year 2023 state general revenue funds budget that includes increased…

  • Madigan floats income tax increase; GOP leader asks for spending cuts

    Madigan floats income tax increase; GOP leader asks for spending cuts

    — December 9, 2020

    SPRINGFIELD — As the state government attempts to close a multi-billion-dollar budget hole, Democratic House Speaker Michael Madigan has said he is prepared to vote for an increase…

  • Local governments see drastic COVID-related revenue drops from

    Local governments see drastic COVID-related revenue drops from

    — August 28, 2020

    SPRINGFIELD — Illinois residents should expect fewer road repairs, community programs and other local government-provided services and higher locally-imposed tax rates as officials…

  • Illinois borrows to infuse hospitals with cash in March

    Illinois borrows to infuse hospitals with cash in March

    — April 6, 2020

    SPRINGFIELD – The Illinois comptroller’s office borrowed $105 million from various funds in March, in large part so it could make bigger-than-normal payments to hospitals as they…

  • Pritzker paints two budget pictures: One with graduated tax, one without

    Pritzker paints two budget pictures: One with graduated tax, one without

    — February 21, 2020

    SPRINGFIELD — Gov. J.B. Pritzker has tied his second-year state budget proposal to the unfinished marquee policy initiative of his first year — a constitutional amendment that allows…

  • What to know about the graduated tax amendment

    What to know about the graduated tax amendment

    — October 21, 2020

    One of the major questions Illinois voters will answer on Nov. 3 will be on the ballot statewide – whether to amend the state’s constitution to allow for a graduated rate income…

  • Pritzker signs bill paving way for Chicago casino

    Pritzker signs bill paving way for Chicago casino

    — July 1, 2020

    SPRINGFIELD – Gov. J.B. Pritzker signed a bill into law Tuesday, June 30 that paves the way for development of a major casino in Chicago, something officials expect to provide significant…

  • Local governments call for increase in state revenue sharing

    Local governments call for increase in state revenue sharing

    — March 9, 2020

    SPRINGFIELD — A local government advocacy group laid out its legislative agenda March 2 and called on lawmakers to fully fund a program that shares state income tax revenue with local…

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