Stories by Peter Hancock — Capitol News Illinois

Illinois Democrats Pass $55.5B State Budget With New Taxes on Sports Betting, Nicotine Products

Spending plan raises over $1B in revenue; income, sales taxes not affected

Peter Hancock — Capitol News Illinois |

The $55.2 billion spending plan is supported by $55.3 billion of revenue, including just over $1 billion in new taxes and revenue changes. The four bills making up the budget and capital spending plan were part of a flurry of thousands of pages of legislation that went from introduction to passage in the final 48 hours of the legislative session.

State Budget Talks Enter Final Week Amid Fears of Congressional Cuts

Peter Hancock — Capitol News Illinois |

The General Assembly has through May 31 to pass a budget with a simple majority vote before the threshold increases to a three-fifths vote on June 1.

 

Sign up for the WTTW News newsletter

Thanks to our sponsors:

View all sponsors

Thanks to our sponsors:

View all sponsors

Thanks to our sponsors:

View all sponsors