income taxes

Gov. Bruce Rauner has signed a tax credit into law worth up to $750 for property owners in 18 Illinois counties that suffered flood damages earlier this year.

The University of Illinois Flash Index measured the state’s economy for April at 104.3, down a tenth of a point from March.  Any number above 100 on the Index represents a growing economy.  Economist Fred Giertz, who compiles the Flash Index, says the last several months of slow growth in the state’s economy are a result of both negatives like the ongoing state budget impasse, and positives like a declining unemployment rate.

Members of the Illinois Senate return to Springfield  tomorrow. They’re once again expected to vote on a deal meant to end Illinois’ budget stalemate.  The top Republican and Democrat in the Senate have been working on this compromise since December.

There's just one week left until lawmakers in Springfield go on a two-week spring break, and leaders from both parties say they want to use this week to close the budget holes left in this year's budget. 

Social service agencies that depend on state funding are closely watching Illinois Governor Bruce Rauner ahead of his budget address Wednesday. That’s because some services - like jobs for young people - aren’t being funded at levels they were before.

Democrats blast Rauner for offshore investments

Aug 4, 2014

Democrats are criticizing the Republican candidate for Illinois governor for his links to offshore investments in the Caribbean. 

Daley says he wants to see IL's income tax drop

Jul 23, 2013

A candidate for Illinois governor says he wants to see the state’s income tax rate drop in 2015. Democratic challenger Bill Daley says two years ago, the legislature approved a hike in the income tax rate. He’d allow that hike to expire in two years.