5% income tax rate

State News
5:54 am
Tue December 2, 2014

Mike Frerichs Prepares For State Treasurer’s Office

State Senator Mike Frerichs (D) waiting for results in his race for state treasurer.
Credit Keenan Chan / WILL/Illinois Public Radio

Before State Senator Mike Frerichs is sworn in as Illinois' treasurer next month, he's got a few more votes to cast as a legislator.

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State News
6:45 am
Tue October 21, 2014

Quinn and Rauner face off in final debate

The debate portion of the Illinois governor’s race is over. The last debate gives voters a little clarity.

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State News
6:22 am
Wed June 4, 2014

Moody's criticizing new state budget

The credit rating agency Moody's is criticizing the Illinois state budget passed last week. As IPR's Brian Mackey reports, this is not a surprise to government officials.

Moody's says because Illinois did not extend higher income tax rates, it could have to rely on what it calls "credit negative" practices. Illinois already has the lowest credit rating of any state in the country. Moody's isn't lowering it further, at least not for now.

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State News
6:11 am
Wed June 4, 2014

Gov. Quinn continues push to keep income tax rate at 5%

Illinois Governor Pat Quinn is continuing to make his case for keeping the state income tax rate at its current 5 percent. He didn’t get any help from Democratic lawmakers who passed a budget without taking up Quinn’s tax plan.

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State News
7:03 am
Mon June 2, 2014

How the legislative session could shape the political conversation in the general election

With the Illinois General Assembly’s spring session over, lawmakers aren’t scheduled to return to the Capitol until November. Two months of fierce debate over state spending and taxes culminated in a stalemate, so they passed a placeholder budget that will likely have to be revisited at the end of the year.

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State News
1:13 pm
Tue May 27, 2014

Could in-home health services be at risk for cuts?

As the Illinois General Assembly considers a so-called "middle of the road" budget for next year, some programs could be cut or reduced to make up for the expiration of the 2011 income-tax hike. As IPR'S Hannah Meisel reports, advocates for people with disabilities say a reduction could be catastrophic for that population.

One of the biggest parts of Illinois' budget is Medicaid, which not only provides health care to the poor, but also to those with disabilities. Those who *can* live independently usually elect to with the help of in-home health service. 

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State News
6:25 am
Tue May 27, 2014

Il Democrats abandoning efforts to keep 5% income tax rate

Illinois Democrats are abandoning efforts to keep the income tax rate at its current level, and not let it drop. Illinois’ state income tax rate is scheduled to go down in January From five percent to 3-point-75.

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State News
6:18 am
Mon May 26, 2014

Il lawmakers return to Springfield Monday

Illinois lawmakers return to Springfield Monday. With just six days remaining before the scheduled summer adjournment, , the state budget remains the top issue. IPR'S Brian Mackey has more.

Lawmakers have a difficult choice: slash spending on things like education and health care, or vote to make the current five percent income tax rate permanent. It's scheduled to drop by more than a percentage point at the end of the year.
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State News
11:50 am
Fri May 23, 2014

Il House rejects "doomsday" budget

The Illinois House has overwhelmingly rejected a 34.5 billion dollar "doomsday'" budget that would mean deep cuts to schools and social services next year. The budget plan was developed by legislative leaders after it became clear there weren't enough votes to support an earlier budget that relied on extending Illinois' temporary income tax increase.

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State News
7:05 am
Fri May 23, 2014

Il House could vote on leaner budget Friday

The Illinois House of Representatives is preparing to vote on a budget that would make drastic cuts across state government. This is the budget Gov. Pat Quinn and other Democrats have been warning about. It would cut spending across Illinois government, from prisons to human services to schools.

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