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Though it failed in Senate, higher threshold for tax hikes urged by House GOP Though it failed in Senate, higher threshold for tax hikes urged by House GOP

Though it failed in Senate, higher threshold for tax hikes urged by House GOP

At a Tuesday press event billed to “discuss new legislation” in response to a graduated tax constitutional amendment, Illinois House Republicans introduced an identical bill to one that failed to advance in the Senate. The Republicans’ measure would require a two-thirds vote in each legislative chamber to raise any tax rates in the future.

Illinois sees $1.5 billion revenue boost in April Illinois sees $1.5 billion revenue boost in April

Illinois sees $1.5 billion revenue boost in April

The state of Illinois received some unexpected good news Tuesday when officials reported that revenues received in April came in $1.5 billion higher than expected. That news was delivered in a letter to legislative leaders and top-ranking members of the House and Senate appropriations committee.

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