New taxes – and lots of them. That's what Illinois will need to dig out of its current fiscal mess, according to a new report from the Civic Federation.
The cost of Illinois’ budget impasse? The income tax would have to go up 100 percent if the state’s debt is to be paid off through revenue alone, according to state Comptroller Leslie Munger. How much longer can the state teeter along without a budget? Paris Schutz has more.
Change in Corporate Income Tax Floated
There’s a potential third way out of the deadlock over how to close a $6 billion state budget gap. Gov. Bruce Rauner is refusing to sign off on a budget without changes to collective bargaining and public employee unions. And the Democrats are refusing to go along with that. So, what are the alternatives? Paris Schutz has the details.