Reactions Differ To Pritzker’s Proposed Corporate Tax Changes

Rotunda of Illinois State Capitol

SPRINGFIELD — Gov. JB Pritzker’s proposed $41.6 billion spending plan for the coming fiscal year relies, in part, on ending nine tax incentives for businesses in an effort to preserve an estimated $932 million in state revenues. However, Pritzker’s proposal to end what he called “unaffordable corporate loopholes” would require action by the Illinois General […]

Governor’s Office Gives Glimpse Into Budget Proposal

SPRINGFIELD – Gov. JB Pritzker’s office says he will propose a budget with no tax increases for the upcoming fiscal year, and the deficit is now projected at about $2.5 billion less than previously thought. The governor introduces his proposed budget each year, but lawmakers in the General Assembly have the ultimate say as to what […]

217 Today — Dec. 16, 2020

Wednesday December 16, 2020 Today’s headlines: Gov. J.B. Pritzker has proposed $700 million in cuts to this year’s budget to close a projected nearly $4 billion shortfall. All Illinois hospitals are expected to have doses of the COVID-19 vaccine to administer to their first wave of employees by next week. Medical workers in Peoria and […]

Pritzker Orders More Than $700 Million In Spending Cuts

Rotunda of Illinois State Capitol

SPRINGFIELD – Gov. JB Pritzker announced more than $700 million in spending cuts on Tuesday, calling it a “first step” in closing a $3.9 billion revenue shortfall in the current fiscal year’s budget. As part of those cuts, Pritzker said his office is negotiating with employee labor unions to identify $75 million in personnel cost reductions, […]

Pritzker: Blame Tax-Plan Opponents For Coming Budget Pain

SPRINGFIELD – Backers of a graduated income tax constitutional amendment conceded defeat Wednesday for Gov. JB Pritzker’s marquee policy proposal which was projected to bring in more than $3 billion annually to state coffers. With 98 percent of precincts reporting, voters had rejected the amendment by a 55 percent to 45 percent margin. The Associated […]

Illinois Revenues Drop $1.1 Billion In Fiscal 2020 Due To Pandemic

Rotunda of Illinois State Capitol

SPRINGFIELD — Illinois saw a more than $1.1 billion drop in revenues in the fiscal year that ended last month due to the coronavirus’ impact on the state’s economy, according to state officials. The Commission on Government Forecasting and Accountability found that the state ended the 2020 fiscal year with a $1.135 billion decline in […]

News Around Illinois – May 25, 2020

News Around Illinois Cover

State COVID-19 Cases Top 110,000 SPRINGFIELD – On Sunday, the state reported 2,508 new coronavirus cases, bringing the total to 110,304. Illinois Department of Public Health also reported an additional 67 deaths, making the statewide total 4,856. The Coles County health department says two more residents of Charleston Rehab and Healthcare died of COVID-19. The […]

Illinois House Passes Budget Relying On Federal Funding

Rotunda of Illinois State Capitol

SPRINGFIELD — The Illinois House passed a $40 billion state budget late Saturday that relies heavily on federal funding. The Chicago Tribune reported the spending plan for the budget year that begins July 1 now heads to the Senate. The budget passed on a largely party-line vote of 68-44. The coronavirus pandemic that prompted Gov. J.B. Pritzker […]

Even With No Budget, Illinois Spends And Spends

Gov. Bruce Rauner is scheduled to unveil his fourth budget proposal Wednesday in a speech to the General Assembly. Illinois lawmakers only enacted a budget for one of the three years he’s been in office. That led to service cuts and some layoffs, but the state didn’t collapse. For most people, life went on as […]