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Budget Deficit

(Credit: Illinois Department Of Revenue)

U Of I Report: Tax Hike Won’t Fix State Deficit

A new report from the University of Illinois on Wednesday said that the income tax hike recently approved by Gov. Pat Quinn and the General Assembly is not enough of a solution to the state’s $15 billion deficit.

WBBM Newsradio–01/19/2011

Gov. Pat Quinn

UPDATED: Quinn Defends Income Tax Hike

Gov. Pat Quinn is defending his support for a massive income tax increase, saying the state was facing a crisis and “we had to take decisive action.”

CBS Chicago–01/12/2011

Illinois Gov. Pat Quinn. (AP File Photo/M. Spencer Green)

First Elected Term Brings Big Challenges For Quinn

Even if state lawmakers approve a major income tax hike as Gov. Pat Quinn is inaugurated for his first elected term, the state’s budget problems will last long after he’s sworn in on Monday.

01/08/2011

Laurence Msall

Civic Federation: Tax Hike Won’t Lower Deficit

The oldest non-partisan government research organization in the state says the proposed Illinois income tax increase will not help lower the state’s $15 billion deficit.

CBS Chicago–01/07/2011

Illinois State Capitol

Quinn, Lawmakers Still Working On Tax Hike

Gov. Pat Quinn and legislative leaders in Springfield have been meeting repeatedly this week, trying to hammer out an agreement that would raise the state’s income tax in an effort to solve a massive budget deficit.

CBS Chicago–01/05/2011

Former White House Chief of Staff Rahm Emanuel (R) campaigns for Chicago Mayor (John Gress/Getty Images)

Rahm Emanuel Tours Chicago Factory

Potential mayoral candidate Rahm Emanuel toured a west side factory and he spoke about what he would do to help close the city’s 650 million dollar budget deficit.

WBBM Newsradio–11/08/2010

Classroom (Photo by Matt Cardy/Getty Images)

School District To Trim $5M Budget Deficit

Superintendent Ray Lachner says he and his staff have some tough decisions to make before next year.

WBBM Newsradio–10/19/2010

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