tax increase Madigan: Illinois income tax should be restored to 5 percent By Associated Press • Dec 9, 2015 House Speaker Michael Madigan says the state's income tax should be restored to the 5% level it was at until January. Illinois Democrats introduce proposed 2016 budget By Associated Press • May 25, 2015 Illinois House Democrats are introducing a 2016 budget they say cuts spending more modestly than Republican Gov. Bruce Rauner's proposal. Tax hike still possible as Illinois lawmakers tackle budget By Associated Press • Feb 20, 2015 Gov. Bruce Rauner's first shot at a state budget didn't include new taxes. But no one should assume the ultimate solution to Illinois' budget crisis won't involve opening their wallets. Gov. to act on legislation cutting retirement benefits for Chicago employees By Tony Arnold • Jun 9, 2014 Illinois Governor Pat Quinn is expected to take action Monday on a bill that cuts the retirement benefits of thousands of City of Chicago employees, and could lead to higher property taxes.