tax increase

Mixed messages came out of a meeting today between Illinois' governor and legislative leaders.   It was their first meeting in months, even as Illinois is in the midst of an unprecedented budget standoff.  Senate President John Cullerton left the meeting saying he got what he wanted out of it.

House Speaker Michael Madigan says the state's income tax should be restored to the 5% level it was at until January.

Illinois House Democrats are introducing a 2016 budget they say cuts spending more modestly than Republican Gov. Bruce Rauner's proposal. 

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.

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.