Tag Archives: quinn

With IL Budgets Alreayd Slashed, So Happens When Tax Hike Expires?

Think things are tight now in the state budget, which this year saw slashed $300 million from education so the state could pay down bills and make the required payment to its pension systems? Imagine what it will be like when the current tax hike expires and the state must make do with a reduction of around $7 billion in tax revenue. Or should we say “if” the tax increase expires as scheduled?

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