Explore our content

All types | All dates | All authors
Taxes
PI Original
by Josh Kalven
2:33pm
Fri Jul 3, 2009
2 comments

Sun-Times Contemplates "Madigan's Obstinancy"

State Legislature

Good stuff from the Sun-Times editorial board today:

In the House, a more modest temporary income tax increase failed,
garnering only 42 of 70 Democratic votes. [House Speaker Michael] Madigan voted for it but did
little else to get it passed. Historically, ...

PI Original
by Josh Kalven
11:50am
Thu Jul 2, 2009
1 comment

Cullerton: Income Tax Hike Is "Gonna Happen"

Taxes

Senate President John Cullerton appeared on WTTW's Chicago Tonight yesterday to discuss the ongoing budget standoff in Springfield.  While repeatedly declining to criticize House Speaker Michael Madigan throughout the segment, Cullerton directed most of his angst at Gov. Quinn...

PI Original
by Angela Caputo
10:30am
Thu Jul 2, 2009
1 comment

Social Services Cuts Already A Reality (UPDATED)

Taxes

Today marks day two of Fiscal Year 2010 and, with no state budget in
place, nonprofit agencies across the state are in turmoil. As we noted
yesterday, Gov. Pat Quinn vetoed the dreaded "50 percent budget." And
with no spending plan in place, neither Quinn nor ...

PI Original
by Progress Illinois
2:23pm
Wed Jul 1, 2009

Quinn Vetoes Budget, Special Session Scheduled

State Legislature

Gov. Pat Quinn followed through on his promise to reject an unbalanced spending plan today, formally vetoing a portion of the state budget (SB1197) dealing with social services. He decided not to take action on the rest of the budget, however. Clout Street has Quinn's ...

PI Original
by Adam Doster
10:20am
Wed Jul 1, 2009

The Budget Drama Continues

State Legislature

Things did not go well in Springfield last night:

- As expected,
the House sent Gov. Pat Quinn a package of bills before leaving the
capitol that only partially fund his proposed spending plans for
community-based services in the next fiscal year.

- ...

PI Original
by Angela Caputo
5:12pm
Tue Jun 30, 2009

Quinn: "Inaction Is Not An Option"

State Legislature

The other shoe finally dropped in the Statehouse this afternoon. In
a joint session, Gov. Pat Quinn rolled out plans to cut another $1
billion from next year's budget during an address from the House floor.
With the new cuts on the table, Quinn told lawmakers that that ...

PI Original
by Angela Caputo
3:28pm
Tue Jun 30, 2009
2 comments

Tallying Up Illinois' Leadership Deficit

Lisa Madigan

If there's one thing that can be gleaned from the ongoing budget
stalemate, it's that revenue isn't the only resource Illinois government
is short on these days. Leadership is tough to come by as well.

At midnight, the clock runs out on the current fiscal year. What ...

PI Original
by Adam Doster
12:41pm
Tue Jun 30, 2009
4 comments

Budget Still Unbalanced As Fiscal Year Nears End (UPDATED)

State Legislature

So what happened in Springfield yesterday?

Most significantly, House members made two major legislative moves,
approving a short-term borrowing scheme to pay the state’s pension
contribution (thereby freeing up an extra $2 billion for the FY 2010
budget) and formally ...

PI Original
by Adam Doster
11:30am
Mon Jun 29, 2009

Cullerton Urges Colleagues To "Consider" The Senate Tax Plan

Taxes

There is a lot to recommend Sen. James Meeks income tax plan,
a bill we've written about extensively over the past year. Meeks'
boost in the personal tax rate is higher than Gov. Pat Quinn's original
proposal (2 percentage points, rather than 1.5), which has led some to
...