Local News

Illinois’ governor reiterated his stance that he won't put new significant taxes on Illinois families without structural reforms.

During a press conference this week touting a task force report on government consolidation and unfunded mandates Governor Bruce Rauner said he’s not a fan of taxes but will support new revenue only if there are political and economic reforms enacted. Not having reforms while raising taxes, the governor said, is a bad idea.

[audio:1061680336-Rauner2.mp3] [/audio]

Last month, in front of the City Club of Chicago, Speaker Michael Madigan said the state should reinstate the income tax for individuals back to where it was before the beginning of last year.as a quote “good place to begin.” The current rate is 3.75 percent for individuals after sunsetting from 5 percent at the beginning of 2015. The next scheduled drop is to 3.25 percent in 2025.

Local Weather