Illinois budget

Illinois State Budget
12:24 pm
Wed April 27, 2011

Ill. budget woes mean long waits for tax refunds

The Illinois State Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Illinois businesses waiting for long-overdue tax refunds aren't getting any good news from the state capitol.

Illinois owes about $850 million to roughly 36,000 businesses that overpaid their income taxes. Some have been waiting since 2008 to get their money.

Gov. Pat Quinn proposed borrowing money to pay the refunds, but legislators have shown little interest in that idea.

Budget proposals being considered by Democratic lawmakers would do little to chip away at the backlog.

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Illinois State Budget
1:38 pm
Fri April 15, 2011

Ill. lawmakers OK big piece of state budget

The Illinois Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Illinois lawmakers have set aside billions of dollars to pay state obligations as part of what Democrats call a more responsible approach to the budget.

The state Senate sent the governor legislation that devotes nearly $8 billion to paying off debt and making pension payments.

Senate President John Cullerton said Friday the goal is to make sure the state doesn't duck these obligations or pay them with borrowed money.

Illinois State Budget
4:00 pm
Wed March 30, 2011

Quinn's proposed budget virtually ignored in Ill. House bipartisan plan

The Illinois Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Reporting from Illinois Public Radio's Amanda Vinicky used in this report.

Illinois Governor Pat Quinn's proposed budget is virtually ignored in the Illinois House leaders' bipartisan plan.

Saving money by consolidating school districts and revisions to the tax code.  These were highlights of the governor's budget plan.

But they may be doomed.  Speaker Mike Madigan dismissed them.

"I have no comment on them, I just don't plan to pursue them," Madigan said.

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Illinois
3:39 pm
Mon February 21, 2011

Quinn waited to sign state budgeting law, timing draws criticism

Ill. Gov. Pat Quinn, left, at his inauguration ceremony on Jan. 10, 2011. (UPI/Bill Greenblatt)

Reporting from Illinois Public Radio's Amanda Vinicky used in this report.

A new Illinois law is supposed to clamp down on state government's habit of overspending. But, Illinois Governor Pat Quinn waited until after his budget presentation to sign it.

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Morning round-up
9:09 am
Wed January 12, 2011

Morning headlines: Ill. lawmakers approve tax increase, Mo. House to consider drug testing for welfare recipients, surveillance cameras close to being installed in 21st Ward

The Illinois General Assembly has passed a 67 percent income tax increase
(via Flickr/mhowry)
  • Democratic Illinois lawmakers have approved a 67% income-tax increase in a desperate bid to end the state's crippling budget crisis. Legislative leaders rushed early Wednesday morning to pass the politically risky plan before  new General Assembly was sworn in at noon. The increase now goes to Democratic Gov. Pat Quinn. He supports the plan to temporarily raise the personal tax rate to 5% from the current 3% rate. Corporate taxes also would climb.
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