DuPage County taxpayers would see a total of $557 million in state income tax increases if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.
Illinois Senate leaders had hoped to hold a vote as early as today on a proposed budget plan that would raise the personal income tax rate to at least 4.95 percent, but the complex nature of the deal may delay a vote on the matter.
Illinois Senate Republican leader Christine Radogno is at the heart of a bold new plan aimed at ending the state’s two-year budget stalemate, which includes income and corporate tax hikes and billions more in added borrowing.
Illinois Senate leaders are reportedly still negotiating the proposed budget plan that would raise the personal income tax rate to at least 4.95 percent.
The Chicago Tribune’s editorial board has publicly called for the ousting of longtime House Speaker Mike Madigan (D-Chicago), predicting that if he is not unseated, the state faces two more years of “dysfunction.”
A proposed increase to Chicago's property tax rate would bring with it unintended -- or perhaps intended -- consequences such as flawed property valuations that often require an attorney to appeal, an Illinois Policy Institute representative told Chicago City Wire.