Financial uncertainty still swirls as COVID-19 continues to impact tax revenues By JERRY NOWICKI Capitol News Illinois jnowicki@capitolnewsillinois.com SPRINGFIELD — Gov. JB Pritzker signed a state budget for fiscal year 2021 Wednesday, but there is no more financial clarity now than there was when lawmakers passed the measure last month. […]
By JERRY NOWICKI Capitol News Illinois jnowicki@capitolnewsillinois.com SPRINGFIELD – Lawmakers approved a state operating budget shortly before 2 a.m. Sunday, but despite the passage of the document, nothing about the next fiscal year is black and white. The state is depending on a broad package providing federal monetary aid to […]
By PETER HANCOCK Capitol News Illinois phancock@capitolnewsillinois.com SPRINGFIELD – The Senate on early Sunday morning passed a budget package authorizing $42.8 billion in general revenue spending next year, although much of that remains tentative depending on the progression of the COVID-19 pandemic and potential congressional action that could send more […]
By JERRY NOWICKI and PETER HANCOCK Capitol News Illinois news@capitolnewsillinois.com SPRINGFIELD – Gov. JB Pritzker has tied his second-year state budget proposal to the unfinished marquee policy initiative of his first year – a constitutional amendment that allows the state to impose higher income tax rates on higher income earners. […]
