IL governor offers tax-hike guidance to end stalemate

"What we just want to see happen is that the governor and legislature can work together to get a budget for the State of IL, we want to see fully funded general state aid", Dosier said.

Governor Bruce Rauner proposed record-level school funding for the upcoming budget. However, as it stands, it would leave a $7 billion hole without matching revenue. Those savings, among others, help reduce the state's total spending to $37.3 billion from the $39.7 billion the Governor's Office of Management and Budget estimated would have resulted in the absence of an official budget.

Some state Democrats criticized the speech for not providing concrete solutions to the state budget crisis.

Meanwhile, Radogno spent part of her morning - before the budget address - in an unusual, closed-door meeting with members of the Democratic majority in the Senate.

The Republican is giving his annual budget address Wednesday, as lawmakers approach two years without agreement on a spending plan.

Skittish lawmakers staring down a Senate tax vote had urged the governor to weigh in.

Among his conditions: a permanent freeze on property taxes statewide, no sales tax on food and drugs, no tax on retirement income, term limits and changes to workers'-compensation rules. State Senator Paul Schimpf of Waterloo says Rauner recognizes how important higher education is to the state. "We heard he plans to spend much more money". Since the 1970s, the sides have played to a political stalemate in the state legislature, which has rejected efforts at a statewide fix to solve the disparity between the haves and the have-nots in IL education. That remark drew laughter from across the chamber. "Over time, as our economy grows and revenues expand, any increase in the income tax could be stepped down - dedicating future surpluses to taxpayers, not more government spending".




He conditioned his support for an income tax hike proposed by Senate leaders to a permanent freeze on local property taxes rather than for two years as the Senate package dictates. The statement says House leadership will focus on continuing to protect middle class families while promoting economic growth.

But the picture is bleak.

Rauner said after combining the state's unfunded pension liability, backlogged bills and other overspending, it's obvious the state's debt is out of control. State pension programs are $130 billion short of what they need to pay promised benefits to retired and current employees.

"When it comes to higher education, we understand the hardship being felt by students who rely on state assistance to go to college", Rauner said.

And if he achieves those cuts, there's still a hole of $4.6 billion.

Both Democrats and Republicans in the Illinois House say worker paychecks should continue and have introduced separate bills seeking to avert a government shutdown if Madigan's motion succeeds.

Related news:

Hot News

McCain Opposes Trump Pick to Lead Budget Office
Feb 17, 2017 - 00:47
South Carolina's Mick Mulvaney will learn whether he will become the next American budget chief at a vote now scheduled for 7 a.m. McCain said on the Senate floor that Mulvaney's ardent opposition to defense spending was why he couldn't support him.

Who is R. Alexander Acosta, Trump's labor secretary pick?
Feb 17, 2017 - 00:45
Torres-Diaz, president of the Hispanic National Bar Association, said in a written statement. It only would have taken three Republican senators to scupper Puzder's nomination for good.

isis-killer-beheading-video-story-top Investigation launched after NY cops allegedly Taser pregnant Bronx teen
Feb 17, 2017 - 00:45
The teen said that "there was more than enough officers" to handle her and that "there was no need for the Taser". Video shows about a dozen officers surrounding 17-year-old Dailene Rosario , who is 14 weeks pregnant.

isis-killer-beheading-video-story-top Traders Alert: Encana Corporation (NYSE:ECA), Tesla Motors, Inc. (NASDAQ:TSLA)
Feb 17, 2017 - 00:44
Encana Corporation (NYSE: ECA ) is trading down on a volume of 20.03 million, or 1.75 times its standard daily volume. Murphy Pohlad Asset Management LLC boosted its position in shares of Encana Corporation by 3.2% in the third quarter.

Samsung India leaks Galaxy S8 Plus ahead of March 29 launch
Feb 16, 2017 - 01:25
Samsung is expected to introduce 6GB RAM on the Galaxy S8, bump up base storage to 64GB, and there could a 128GB version as well. The project is said to be code-named Baikal, which Samsung may have derived from one of the deepest lakes located in Siberia.

isis-killer-beheading-video-story-top North Korean leader's brother assassinated at Kuala Lumpur airport
Feb 16, 2017 - 01:24
She was nabbed when she returned to the Kuala Lumpur International Airport 2 to catch a flight to Vietnam on Wednesday. Leader Kim Jong-un has vowed to root out corruption starting late last year and in his New Year's speech this year.

isis-killer-beheading-video-story-top American Girl Announces 1st Male Doll
Feb 16, 2017 - 01:21
The toy company is coming out with a whole bunch of new dolls, and this time, they're doing things a little differently. Also introduced Tuesday were other new characters: Felicity Merriman, Gabriela McBride, Z Yang and Nanea Mitchell .

isis-killer-beheading-video-story-top PFA defends its support of ex-footballers suffering from dementia
Feb 16, 2017 - 01:20
While the study was limited in size, it marks the first time that CTE has been confirmed in a group of retired soccer players . CTE has most commonly been found in players that participated in contact sports and sustained repeated concussions.

CCRKBA Lauds Senate Vote To Protect 2A Rights Of Soc.-Sec. Recipients
Feb 16, 2017 - 01:20
The vote fell slightly off party lines, passing by a margin of 57 to 43. These individuals would be flagged in a federal background check.

Ex-WWE Exec Linda McMahon Confirmed By Senate
Feb 16, 2017 - 01:19
She lost races in 2010 and 2012, spending almost $100 million of her own money on the campaigns. Richard Blumenthal and Chris Murphy - who each defeated McMahon when she ran for the U.S.

Rising fuel costs push United Kingdom inflation higher
Feb 16, 2017 - 01:17
But this might be the end of the cooling cycle for inflation. "Going ahead, non-food components would tend to be upward moving". An economist from Icra, however said that fuels are unlikely to put extra pressure on retail inflation in the near term.

isis-killer-beheading-video-story-top Thousands protest Trump in Mexico City
Feb 16, 2017 - 01:17
The protesters waved Mexican flags and held anti-Trump signs during the march on Sunday through central Mexico City. Some signs read "Respect Mexico" and "We are all Mexico".

Verizon is reportedly looking for a $250 million price cut on Yahoo
Feb 16, 2017 - 01:15
The country's largest wireless carrier announced previous year it planned to acquire Yahoo's core business for $4.83 billion. Yahoo Inc. (YHOO - Free Report) shares rose 1.62% to $45.75 in afternoon trading Wednesday.

isis-killer-beheading-video-story-top Egg-shaped taxi drone to ferry passengers around Dubai by JULY
Feb 16, 2017 - 01:14
If something bad does happen, such as a set of electric motors going offline, the vehicle can still operate a normal flight plan. Since its cargo is a lot more valuable than a camera, too, there's unsurprisingly more safety technology onboard.

33 killed after coach overturns in Taiwan
Feb 15, 2017 - 01:00
Mr Lee told The Straits Times that the bus was in "good condition" and had passed a maintenance inspection last month. But a Travel Agent Association of Taiwan spokesman said the driver had "sufficient rest", AFP reported .