Budget Watchdog Has Plan To Fix State FinancesMore than three weeks ahead of the governor’s budget address, a government watchdog group has issued its own plan for bringing state finances back to good health.
Government Panel Predicts $1.6B Drop In State RevenueThe drop in revenue reflects an expected decrease in the state's income tax. The temporary hike is scheduled to drop from its current 5 percent to 3.75 percent next January.
Republican Candidates For Governor Debate Taxes, SpendingState Sens. Bill Brady and Kirk Dillard, businessman Bruce Rauner and Treasurer Dan Rutherford faced off in a debate that focused heavily on Illinois' struggling economy and how to improve its business climate.
Child Advocacy Group Warns Of Impact Of Expiring Tax HikeWith a 2011 state income tax increase set to expire at the end of the calendar year, the governor and Illinois lawmakers are facing a huge drop in state revenue, which would affect many social service groups that rely on the state for funding.
Small Business Owners Seek 'Big, Bold Changes' From StateA lobbying group for Illinois' small business owners says it's time for major reforms from state government to improve the state's deteriorating business climate.
Republicans Slam Democrats On Anniversary Of Income Tax HikeMarking the first anniversary of the income tax hike approved by Gov. Pat Quinn and the Democrat-controlled legislature, Republican lawmakers hammered Democrats over the tax increase, saying people don't like it and it's not working.
Governor Makes Gloomy Forecast For Ill. BudgetThe long-term forecast for the Illinois budget looks gloomy, with less state money available and government services facing cuts, Gov. Pat Quinn's office said Tuesday.
Ill. Lawmakers Want Contractors To Pledge To Stay HereWith many states trying to lure away Illinois businesses in the wake of a state income tax hike, Illinois lawmakers are moving to force companies that work for Illinois government to promise not to move out of the state.
Trade Show Firm Bolting Illinois For WisconsinAn Illinois trade show marketing firm is moving across the state line to Wisconsin in the wake of a major income tax hike.
U Of I Report: Tax Hike Won't Fix State DeficitA 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.
Ex-Lawmaker Gets State Job After Backing Tax HikeA former Illinois state lawmaker was given an $86,000 state job after she voted in favor of a major income tax hike backed by Gov. Pat Quinn, but she and the governor’s office say there’s no connection.
Income Tax Hike Is Retroactive To Jan. 1Now that Gov. Pat Quinn has signed the Illinois income tax hike into law, you will soon see the effects in your paychecks, and you're going to owe for the first two weeks of the year too.
Some Want Quinn Recalled Over Income Tax HikeThere are at least two campaigns to recall Gov. Pat Quinn over the personal and corporate income tax hikes.
Braun Slams State Income Tax HikeMayoral candidate Carol Moseley Braun is blasting the Illinois General Assembly's approval of a massive income tax hike.
Business Owners Decry Tax Hike PlanSome local businesses were warning of potential cutbacks and layoffs – perhaps even moving out of state – in light of a looming income tax hike in Illinois.