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  1. 5 Ιουν 2024 · While more than $1.1 billion in added revenue was needed to balance the books, the final revenue plan – which Pritzker did not sign on Wednesday but said he planned to without changes – doesn’t include any personal income tax increases for Illinoisans.

  2. 29 Μαΐ 2024 · Because the state operates on a fiscal year that runs from July-June and Illinois corporate income taxes are paid quarterly, this tax hike could effectively be doubled in the 2026 fiscal...

  3. 29 Μαΐ 2024 · Analysis from the Illinois Policy Institute shows the budget includes roughly $1.1 billion in tax hikes, over $200 million more than what Pritzker proposed. It now moves to Pritzker for...

  4. 13 Ιουλ 2022 · The Volcker Alliance, a non-partisan government watchdog, has issued a new report showing Illinois is at risk of facing a “fiscal cliff” once one-time federal relief funds dry up. That...

  5. can be avoided with tax increases or spending cuts; or a deficit has to be funded with decreases in asset holdings or increases in liabilities (such as new debt). Starting from an estimated deficit of roughly $1 billion in FY 2014, the state’s fiscal situation is projected – under current law and estimated rates of growth in revenue and ...

  6. 5 Ιουν 2024 · CHICAGO – Illinois Gov. J.B. Pritzker on Wednesday signed the states $53.1 billion spending plan for the upcoming fiscal year, the largest in state history. The signing caps months of work — and tension — among top Democratic leaders in Springfield and within the governor’s office.

  7. 29 Μαΐ 2024 · SPRINGFIELD — Democratic dominance in the Illinois legislature was put to the test this budget season as House lawmakers stumbled across the finish line at dawn Wednesday, needing three votes and a...

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