State Budget Update: Critics Say "Grand Bargain" Is Not So Grand
There are too many taxes and not enough reforms. That's the line from lawmakers and business groups who are fighting the 'grand bargain' aimed at getting Illinois a budget. Momentum for the package slowed to a crawl yesterday when the latest update bumped the income tax increase to four-point-nine-nine percent and added a business tax for the 'privilege of doing business in the state.' Top Senators hope to be able to salvage something from the deal.