income

Programs that help babies and young children and their low-income families in suburban Chicago are getting nearly $3 million.

The Illinois House has endorsed the idea of switching to a graduated income tax. 

A former math professor who reported income of less than $35,000 last year is campaigning as a middle-class candidate in an Illinois governor's race that includes a couple millionaires and a billionaire.

Four central Illinois communities will share more than $400,000 in federal housing money to help families with job-training, education and more. 

Illinois taxpayers will be paying an in-between rate on 2017 income as a result of the state's tax increase.

Rauner Releases Tax Returns

Nov 11, 2016

Illinois Governor Bruce Rauner made $188 million last year.  That’s according to tax returns released today.  Rauner’s income this year was more than 3 times the $58 million he made last year.  He earned his fortune as a venture capitalist before taking office in 2014.  

Rauner could follow income tax drop schedule

Dec 8, 2014

Illinois Governor-elect Bruce Rauner seems to be serious about letting the state’s income tax drop next year.  

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. But Frerichs doesn't think one of them will be for extending the 2011 temporary income tax increase.  

State graduated income tax effort fails

Apr 29, 2014

Illinois will keep its flat income tax, despite an effort to move to a graduated one. Based on the General Assembly's schedule, the Senate would have had to pass the proposal Tuesday in order to meet a constitutional deadline. Instead, senators adjourned without a vote.

District 150 would see $5.4M cut in state budget scenario

Apr 16, 2014

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.  That would mean a 10-percent cut in state funding for District 150:

New report looks at IL income tax increase

Apr 7, 2014

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.  

IL lawmakers advance millionaire tax legislation

Mar 27, 2014

A tax on millionaires is advancing through the General Assembly, at the expense of a progressive income tax.  

Quinn: keep income tax rate, give property tax breaks

Mar 26, 2014

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:

Specifics on IL proposed progressive income tax

Mar 25, 2014

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.

Quinn not ruling out raising income tax

Oct 24, 2013

 The last time he ran for governor, Pat Quinn embraced raising Illinois' income tax rate.  He's not doing that this time around, though he's not ruling it out, either: