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Tag: state budget
Seal of the State of Illinois
Talk of budget cuts, borrowing, deficits, tax increases and pensions have dominated conversation throughout the halls of the Illinois Capitol this year.  Legislators and staffers have debated whether the budget cuts actually cut the budget or whether they merely act as a substitute for the absence of federal funding.  The income tax hike is real...
Gov. Quinn laid out his budget plans for Fiscal Year 2012 last Wednesday to mixed reviews. The $35.4 billion in general revenue funds expenditure, $1.7 billion dollars higher than last year, supports no new programs, provides additional headcount for agencies including the Departments of Revenue and Corrections, and provides for the state’s increased payments for health insurance...
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