Posts Tagged ‘Illinois tax hike’

It looks like Quinn and the legislature are close to accomplishing the impossible: a permanent tax increase deal for IL. They are actually working out a long-term fiscal blueprint for paying for all outstanding bills, pension costs, and restructuring Illinois with a moratorium on new expenditures and programs for years! They are changing the process of state budgeting with a commitment to making all pension payments from now on. Now all Madigan has to do it get this deal approved by the House, which may not be so easy. See videos below for the fascinating details!

1/6/2011 press conference, part 1:

1/6/2011 press conference, part 2: