Never a dull moment in the Capitol! State Journal story on the emerging state
budget and continuation of the income tax.
Madigan: Budget vote builds support for tax hike
Michael MadiganIllinois’ powerful House speaker says a vote on Democrats’ 2015
budget will help build support for an extension of the state’s temporary income tax
Michael Madigan made the comments at the state Capitol Wednesday. He spoke
after Democratic lawmakers in the House began advancing a budget plan
mirroring the $38 billion budget Gov. Pat Quinn outlined in March, which keeps
current tax rates in place.
The state’s income tax is scheduled to roll back in January, dropping from 5 percent
to 3.75 percent. That would cause an estimated loss of at least $1.6 billion in
revenue next year.
Madigan says the budget will “set the bar” and help convince undecided members to
vote for the tax increase.
It could be voted on as early as Thursday.
Tony Paulauski Executive Director
The Arc of Illinois
20901 S. LaGrange Rd. Suite 209
Frankfort, IL 60423