Budget Address http://news.stlpublicradio.org en Quinn Pushes To Extend Illinois Income Tax Increase http://news.stlpublicradio.org/post/quinn-pushes-extend-illinois-income-tax-increase <p>Illinois residents would continue paying a 5-percent income tax rate under the much-anticipated budget proposal Gov. Pat Quinn presented Wednesday.&nbsp;</p><p>Illinois' income tax rate is supposed to expire in January, midway through the fiscal year. But Quinn says that would cause "savage cuts" to schools and other critical state services.&nbsp;Instead, the governor wants to make the higher income tax rate permanent.</p> Wed, 26 Mar 2014 20:34:19 +0000 Bill Raack & The Associated Press & Amanda Vinicky 34754 at http://news.stlpublicradio.org Quinn Pushes To Extend Illinois Income Tax Increase Quinn To Present Annual Budget Address This Week http://news.stlpublicradio.org/post/quinn-present-annual-budget-address-week <p>Ill. Governor Pat Quinn will present his budget address in Springfield on Wednesday.</p><p>The state is reported to have the worst-funded pension system in the country - and has about $97 billion in unfunded obligations.</p><p>"Obviously, our pension reform will be part of the address, the need for getting that done right and getting it done now," said Quinn.</p><p>Quinn has said the pensions are unsustainable and are taking money away from other key government services.</p> Mon, 04 Mar 2013 15:34:39 +0000 Illinois Public Radio 9847 at http://news.stlpublicradio.org Quinn To Present Annual Budget Address This Week