Millionaire tax amendment fails to gain enough support from House Democrats
Revenue from the tax would have been divided between property tax relief and K-12 education
Tag: Commission on Government Forecasting and Accountability
House approves redistricting amendment, fearing federal Voting Rights Act will be eliminated
Lawmakers could also consider an amendment to create a new tax on millionaires.
House posts constitutional amendments on remap, millionaires tax for hearings
Both amendments would also need to be approved by the Senate
State agency spending cut plans remain unclear following Pritzker’s order
Gov. JB Pritzker's office won’t release spending cuts submitted by state agencies in response to his executive order.
While deficit looms in next year’s budget, current-year revenues remain on track
Illinois’ fiscal year 2025 revenue is in line with expectations despite a projected deficit.
Illinois’ minimum wage to increase to $15 on Jan. 1, completing 6-year transition
Illinois’ minimum wage will rise to $15 on Jan. 1, completing the first major policy win signed by Gov. JB ...
State lawmakers consider Tier 2 pension changes as new session approaches
Illinois lawmakers and unions seek to reform Tier 2 pension benefits for public employees to comply with Social Security and ...
Budget pressures could impact K-12 funding
Illinois education advocates push for increased K-12 funding to address underfunded districts and student challenges, while state budget constraints loom.
As budget tightens, report finds Illinois better prepared for recession than in recent past
A report highlights Illinois' improved fiscal position, credit ratings, and economic strategies to better manage future recessions compared to past ...
With recession fears subsiding, new state economic forecast expects ‘firm but steady growth’
The state’s two main fiscal forecasting agencies agree: Illinois’ finances will see a strong close in the final 3 ½ ...
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