Tag: Illinois Budget
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Despite budget approval, much is in limbo after session
By JERRY NOWICKICapitol News Illinoisjnowicki@capitolnewsillinois.com SPRINGFIELD – Lawmakers approved a state operating budget shortly before 2 a.m. Sunday, but despite the passage of the document, nothing about the next fiscal year is black and white. The state is depending on a broad package providing federal monetary aid to states passing through the U.S. Congress,… Read more
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Pritzker paints two budget pictures: One with graduated tax, one without
By JERRY NOWICKIand PETER HANCOCKCapitol News Illinoisnews@capitolnewsillinois.com SPRINGFIELD – Gov. JB Pritzker has tied his second-year state budget proposal to the unfinished marquee policy initiative of his first year – a constitutional amendment that allows the state to impose higher income tax rates on higher income earners. If voters approve that graduated income tax initiative… Read more