I had heard last week that this Friday could be the day a new budget is introduced. My question is, how many legislators are going to vote for a tax hike in an election year?
By the way, the DSP Wage bill will not be called this week. Maybe next week.
Story from the State Journal Register.
By Doug Finke
State Capitol Bureau
Posted May 12, 2016 at 1:41 PM
Updated at 1:48 PM
Rank-and-file budget negotiators have submitted a proposal to Gov. Bruce Rauner and the four legislative leaders to show how a balanced budget could be achieved through a combination of tax hikes and budget cuts.
The plan calls for a combination of $5.4 billion in new revenue — mainly from an income tax hike — and $2.4 billion in cuts.
A member of the negotiating team who spoke on condition of anonymity, said the plan would also borrow $5 billion to immediately pay down the state’s backlog of bills. The borrowing would be repaid over five years.
House Republican Leader Jim Durkin of Western Springs said he wouldn’t even use the term “framework” to describe the proposal. He also said the proposal only deals with the budget and does not address any of the turnaround agenda items that Gov. Bruce Rauner has said must be approved before he will entertain talk of a tax hike.
This story will be updated.
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