Tax http://peoriapublicradio.org en District 150 would see $5.4M cut in state budget scenario http://peoriapublicradio.org/post/district-150-would-see-54m-cut-state-budget-scenario <div>New data suggests just how big a hit most school districts would take if Illinois' income tax rate rolls back as scheduled at the end of the year. &nbsp;That would mean a 10-percent cut in state funding for District 150:</div><p> Thu, 17 Apr 2014 00:36:32 +0000 Amanda Vinicky & Alex Rusciano 21890 at http://peoriapublicradio.org District 150 would see $5.4M cut in state budget scenario New report looks at IL income tax increase http://peoriapublicradio.org/post/new-report-looks-il-income-tax-increase <p>Opponents of Governor Pat Quinn's proposed income tax increase say it will chase jobs out of Illinois. A new report that challenges that assumption. &nbsp;</p><p> Mon, 07 Apr 2014 23:22:58 +0000 Hannah Meisel 21429 at http://peoriapublicradio.org New report looks at IL income tax increase Fighting for IL historic places tax credit http://peoriapublicradio.org/post/fighting-il-historic-places-tax-credit <div>An Illinois preservation group has put out its annual list of most endangered historic places. State funding may be a long shot, but enthusiasts are working to save a federal tax credit.</div><p> Wed, 02 Apr 2014 01:13:41 +0000 Hannah Meisel 21154 at http://peoriapublicradio.org Fighting for IL historic places tax credit IL lawmakers advance millionaire tax legislation http://peoriapublicradio.org/post/il-lawmakers-advance-millionaire-tax-legislation <div>A tax on millionaires is advancing through the General Assembly, at the expense of a progressive income tax. &nbsp;</div><p> Thu, 27 Mar 2014 20:06:46 +0000 Hannah Meisel 20905 at http://peoriapublicradio.org IL lawmakers advance millionaire tax legislation Quinn: keep income tax rate, give property tax breaks http://peoriapublicradio.org/post/quinn-keep-income-tax-rate-give-property-tax-breaks <div>Governor Pat Quinn Wednesday gave his annual budget speech. He is trying to sell a plan that keeps in place Illinois’ 5-percent income tax rate, but which will give homeowners a $500 annual break in property taxes:</div><div> Wed, 26 Mar 2014 18:24:36 +0000 Amanda Vinicky & Associated Press 20838 at http://peoriapublicradio.org Quinn: keep income tax rate, give property tax breaks Specifics on IL proposed progressive income tax http://peoriapublicradio.org/post/specifics-il-proposed-progressive-income-tax <div>Advocates have been moving for months to give Illinois a progressive income tax. Instead of the same flat rate for everyone, those who make more would pay more. Supporters are finally getting specific.</div><p> Wed, 26 Mar 2014 00:11:14 +0000 Hannah Meisel 20804 at http://peoriapublicradio.org Specifics on IL proposed progressive income tax Voters reject one-percent sales tax hike for Peoria County http://peoriapublicradio.org/post/voters-reject-one-percent-sales-tax-hike-peoria-county <div>A proposed one-percent sales tax increase was overwhelmingly defeated by Peoria County voters in last night’s election. School officials were hoping to use revenue from the tax hike towards building improvements. The tax hike was defeated by 66-percent of voters. It would have generated $18 million for Peoria county schools to use for state mandated health and safety building projects. Chad Wagner is Superintendent of Oak Grove School District in Bartonville. He says districts must now find other ways to fund the required projects at the same time state funding continues to shrink:</div><p> Wed, 19 Mar 2014 03:48:39 +0000 Alex Rusciano 20448 at http://peoriapublicradio.org Voters reject one-percent sales tax hike for Peoria County Can sin help Illinois’ budget? http://peoriapublicradio.org/post/can-sin-help-illinois-budget <p><span style="line-height: 1.5;">When Illinois lawmakers are in need of more revenue, they often turn to sin. &nbsp;</span></p><p> Mon, 17 Mar 2014 11:00:00 +0000 Sean Crawford 20272 at http://peoriapublicradio.org Can sin help Illinois’ budget? Illinois retirees’ tax break in question amid recommendation http://peoriapublicradio.org/post/illinois-retirees-tax-break-question-amid-recommendation <div>Illinois retirees' would lose their tax break, if lawmakers sign onto the recommendation of a nonpartisan government research group. &nbsp;The plan has fallen flat before.</div><p> Tue, 04 Mar 2014 01:13:00 +0000 Amanda Vinicky 19725 at http://peoriapublicradio.org Illinois retirees’ tax break in question amid recommendation Madigan wants to cut corporate income tax http://peoriapublicradio.org/post/madigan-wants-cut-corporate-income-tax <div>The Illinois House Speaker is calling for a cut in the state’s corporate income tax rate.</div><p> Thu, 30 Jan 2014 19:49:44 +0000 Tony Arnold 18281 at http://peoriapublicradio.org Madigan wants to cut corporate income tax