Don't expect a vote on the Bush-era tax cuts before the November election. That's what U.S. Senate aides are telling multipleoutlets
in Washington. This is a blow for the Obama
administration, which wanted to extend the tax cuts for everyone except
those making over $250,000 annually before voters went to the polls.
Another day, another local public sector budget deeply in the red. This time it's the Chicago Park District's turn. As the Sun-Times reported on Monday, the district is facing a $22 million budget gap in what's expected to be an estimated $400 million spending plan for next year. The district is considering fee hikes, employee furlough days, and delaying projects to close the shortfall.
Although the details are still being ironed out, Gov. Pat Quinn and GOP gubernatorial candidate Bill Brady have agreed
to hold at least three debates before the November election. When the
two meet, how to close the state's budget deficit should be the central
Revenues for the three major taxes collected by the state are up
fiscal year that began July 1. The executive director of Illinois'
Commission on Government Forecasting and Accountability said his
organization projects modest growth this year, although they are
starting from a "low base" set in FY 2010.