Illinois voters in November rejected a constitutional amendment that would have allowed the state to overhaul how it taxes income. Now one of Springfield’s top leaders is suggesting another swing at the effort. 

The pandemic-era budget proposed Wednesday by Gov. J.B. Pritzker relies heavily on businesses to bring an additional $932 million into state coffers through what the Democrat describes as closing corporate tax loopholes. We get reaction from state lawmakers.

The coronavirus pandemic has wreaked havoc on people’s lives, and also on government budgets. On Wednesday, Gov. J.B. Pritzker will propose his ideas for getting Illinois through it. Here’s a preview of that address.

Gov. J.B. Pritzker told lawmakers Tuesday that he will not propose hiking the state’s income tax on individuals to close the state’s projected $3 billion budget deficit in 2022.

Facing a nearly $4 billion budget hole, Gov. J.B. Pritzker on Tuesday outlined millions in cuts that he called a “first step” toward balancing the state’s budget.

Mag Mile landlords dodge a new tax aimed at revitalizing the shopping strip following this summer’s unrest. Crain’s Chicago Business reporter Danny Ecker has details on this story and more.

Alds. Brendan Reilly (42nd Ward) and Brian Hopkins (2nd Ward) said the effort to create the new taxing district to fund security, attract businesses and spruce up the streets and sidewalks was pushed through too quickly and should not move forward.

With the failure last month of Gov. J.B. Pritzker’s graduated income tax amendment, Illinois House Speaker Michael Madigan floats an income tax hike while making his pitch to the Black Caucus.

The budget passed despite opposition from two main groups of aldermen: those who represent wards where a property tax hike of $93.9 million will hit hardest and aldermen who favored deep cuts to the police budget.

Throughout the pandemic, nature has proved its worth as an outlet and resource, benefiting people’s physical, emotional and mental well-being. Now the question is, will people return the favor?

Ahead of Tuesday’s vote, Mayor Lori Lightfoot is urging aldermen to support the plan she crafted to close a $1.2 billion budget deficit in 2021. Four aldermen sound off the plan.

The Chicago City Council is poised to approve Mayor Lori Lightfoot’s $12.8 billion spending plan for 2021 after the plan advanced on Thursday with a 26-8 vote of the Budget and Government Operations Committee.

The City Council’s Finance Committee advanced Mayor Lori Lightfoot’s $12.8 billion spending plan to the full City Council on a 21-12 vote Wednesday.

Aldermen from across the political spectrum pressured Mayor Lori Lightfoot’s budget team on Tuesday to come up with a proposal to head off a $93.9 million property tax hike.

A proposal from the Chicago Federation of Labor that union officials contend could save the city of Chicago between $195 million and $272 million will not avert a property tax hike and layoffs in 2021, Mayor Lori Lightfoot’s office said Tuesday.

The defeat of a constitutional amendment to overhaul how Illinois taxes income will mean painful cuts and will not avert tax increases, Gov. J.B. Pritzker said Wednesday.