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State Debt
PI Original
by Ellyn Fortino
11:02am
Mon Jul 29, 2013

New State Coalition Calls For ‘A Better Illinois’

“A Better Illinois” is a coalition representing a diverse group of state residents and small business owners who are fed up with Illinois' fiscal problems and its “out-of-date” tax code that, they say, bogs down the middle class and hinders economic growth. Progress Illinois takes a look at what the group is calling for and ways to achieve a more fair tax system in Illinois. 

Quick Hit
by
9:49am
Tue May 31, 2011

Number Of The Week: $6.17 Billion

That is the amount of money that a four-bill borrowing package would have approved to pay down the state’s mounting backlog of debt. The money would pay back debt from state contracts with vendors, health care providers and schools, and also pays down corporate tax refunds owed to businesses.

The four bills sponsored by Sen. John Sullivan (D-Rushville) were approved this week by the Senate Executive Committee -- along a party-line vote of 9 to 6. SB 342 would pay back $1.5 billion to state vendors, non-government organizations and businesses with state contracts. SB 343 would pay back $1.1 billion to heath care providers for the state’s own group health insurance. SB 344 would pay back $800 million to businesses who are owed corporate tax refunds. SB 345 would pay schools (including public districts, community colleges and universities) a total of $2.7 billion. SB 342 failed by a vote of 19 to 23 over the holiday weekend.
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