Wednesday, June 28, 2017

Illinois House Democrats Propose 4-Year Property Tax Freeze

There might be a deal for an Illinois state budget on the horizon.

The Associated Press reports the Illinois House Democrat are proposing an increase in the personal income tax rate by 32 percent, a four-year freeze in property taxes and increases in funding for education and social service programs. Most of those proposals were part of a $36.5-billion Democratic budget plan that is $800 million less than Republican Gov. Bruce Rauner proposed last winter.

They also said it's nearly $3 billion less than will go out the door this year because of spending required by law and payments mandated by the courts even though the state has not had a budget for two years. It is the longest any state has gone without a budget since at least the Great Depression.

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