Illinois House delays vote on income tax increase

Jul 03, 2017, 01:32
Illinois House delays vote on income tax increase

Toward that end, there was a lot of finger-pointing Saturday morning from Republicans after Madigan announced the House would be back in session Sunday, but that no votes would be taken.

The clock continues to tick at the State Capitol as IL lawmakers try to end a budget crisis that would enter its third year at midnight if no compromise is made.

Pritchard added that the plan is to pass the spending side of the budget today and then the revenue side, including an income tax increase, tomorrow.

IL has now officially entered its third consecutive fiscal year without a budget.

The outburst was an apparent reference to a digital ad from the Illinois Republican Party that identified the speaker as "Junk Madigan" because of the state's credit-downgrade risk. IL has gone two years without passing a full budget.

"Probably no one is going to be happy with the solutions, but it certainly points us in the right direction, and that's what I've been saying all along is you've got to give people stability".

The Illinois General Assembly is going to miss its midnight deadline to pass a budget.

Madigan plans floor votes Wednesday on issues tangential to the budget that Republican Rauner has insisted upon for two years.

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While a tax hike is always controversial, stakes are higher given both the gravity of Illinois' financial distress, and the 2018 elections.

The proposed budget relies on more than $2 billion in spending cuts and a probable increase in the income tax to raise $5 billion.

Although the now proposed budget passed a test vote on Friday, it will not receive a final vote in time.

That means the state is entering risky territory.

Rauner's preconditions for a deal include reducing businesses' workers' compensation expenses, reducing the state's pension costs, a freeze of local property taxes, and creating a path for local government consolidation.

Social service agencies, contracted by the state to care for vulnerable populations, that have limped along without state funding will have to endure further strain; already many have laid off employees and reduced services.

Although the atmosphere within the statehouse was optimistic after passage of the appropriations amendment, Pritchard admitted there will likely be a negative public response on how to handle the state's $15 billion bill backlog.

In addition to the budget, the meetings focused on issues demanded by Rauner.

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