WATCH: Tax increases expected before Illinois legislators adjourn veto session

Spread the love

(The Center Square) – Illinois taxpayers may find out they are on the hook for another tax increase before the week is over.

One of the many things legislators continue to hash out is how to address a fiscal cliff for mass transit estimated at $230 million. Senate Minority Leader John Curran said more money is not the answer.

“We should be looking at reform first,” said Curran, R-Downers Grove. “It does not make logical sense to. At the same time, you’re going to put a bunch of reforms in place and put a new group of people in charge. You don’t know exactly what you need. We know the cliff keeps getting pushed out. The amount keeps coming down. Let’s put the new people in first. Let’s reform the structures, let them get their arms around it.”

State Sen. Mike Simmons, D-Chicago, agreed that reforms are needed for the agency, but pushed for the House to pass the package the Senate approved in May that included $1.50 surcharge for retail delivery.

“This is a smart investment, not just for transit, but also for our local economy,” Simmons said. “And there have been endless studies from Crain’s and other sources that make the case that investing in public transit to the tune of $1.5 billion is how we take our economy forward, not backwards, in this region.”

Gov. J.B. Pritzker told reporters in Peoria that the details on how to fund closing the fiscal cliff are still coming together and he is being careful not to sway how it’s paid for.

“I’ve tried to be careful about what I’ve told them because I want to make sure that they are considering all the options, and then, you know, I, from my perspective, what I want to make sure happens is that we end up with a world class transit system for the whole state,” Pritzker said.

Curran warned that legislators are also poised to increase taxes on business owners before the week is out by decoupling from recent federal tax changes.

“The Democrats plan is to increase taxes on the economic engines of our state, while at the same time making taxes more complicated for Illinois,” Curran said.

Legislators are scheduled to wrap up fall veto session in Springfield Thursday.

Events

No events

Leave a Comment





Latest News Stories

WATCH: House committee debates D.C. crime after Trump emergency order

By Sarah Roderick-FitchThe Center Square For the first time since President Donald Trump declared a crime emergency in Washington, D.C., district leaders squared off with congressional lawmakers regarding the government’s...
Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

By The Center SquareThe Center Square Unemployment down The unemployment rate in Illinois has dropped to its lowest point since July 2023. The Illinois Department of Employment Security announced the...
Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Officials from the governor’s office say they were “extremely troubled” to learn that a man that Gov....
Democrats' CR could cost up to $1.4 trillion, add millions to Obamacare plans

Democrats’ CR could cost up to $1.4 trillion, add millions to Obamacare plans

By Thérèse BoudreauxThe Center Square Democrats’ plan to prevent a government shutdown could cost the federal government up to $1.4 trillion and subsidize millions of new Obamacare recipients over the...
Treasury goes after fentanyl-producing Sinaloa Cartel faction

Treasury goes after fentanyl-producing Sinaloa Cartel faction

By Brett RowlandThe Center Square The Treasury's Office of Foreign Assets Control designated Sinaloa Cartel faction Los Mayos, along with the leader of the faction's armed wing on Thursday. The...
Pritzker touts quantum future, state senator urges caution for taxpayers

Pritzker touts quantum future, state senator urges caution for taxpayers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is touting Illinois as a destination for quantum computing companies, but a state senator...
Supreme Court sets oral arguments in tariff case

Supreme Court sets oral arguments in tariff case

By Brett RowlandThe Center Square The Supreme Court said Thursday it will hear arguments Nov. 5. in a case critical to a wide swath of President Donald Trump's economic agenda....
WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares Illinois Gov....
Temporary Rockford Courthouse fence sparks debate over security and costs

Temporary Rockford Courthouse fence sparks debate over security and costs

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A temporary fence surrounding the federal courthouse in downtown Rockford, Illinois is drawing sharp criticism and...
Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

By Jim Talamonti | The Center SquareThe Center Square Report: Suspect pictured with Pritzker Less than a week before a smash-and-grab burglary led to a fatal wreck on Chicago’s Magnificent...
Illinois quick hits: Suspect in custody after state senator's home struck with gunfire

Illinois quick hits: Suspect in custody after state senator’s home struck with gunfire

By Jim Talamonti | The Center SquareThe Center Square Suspect in custody after state senator's home struck with gunfire A suspect is in custody after two homes were damaged by...

WATCH: Governor candidate: Low-cost districts shine while most IL schools spend, fail

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – According to a Republican candidate for Illinois governor, schools in the state can succeed without spending big....

WATCH: Pritzker threatens executive action regulating hemp if legislature won’t act

By Greg Bishop | The Center SquareThe Center Square (The Center Square) − After previous attempts were unsuccessful, Illinois Gov. J.B. Pritzker says he may take executive action to address...

WATCH: Illinois congresswoman OK withholding federal tax funds to change state policy

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – An Illinois congresswoman says she’s OK with plans of withholding federal tax dollars from Illinois if it...
Chicago mayor: 'We do not have a spending problem' as spending, deficit grows

Chicago mayor: ‘We do not have a spending problem’ as spending, deficit grows

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Mayor Brandon Johnson says Chicago does not have a spending problem, even as city government spending soars...