Analysis: Illinois’ ‘Grand Bargain’ Adds Two-Billion More In Unpaid Bills
(Springfield, IL) — Even with an income tax increase and a tax on sugary drinks, Illinois’ proposed ‘grand bargain’ spends far more than it brings in. Governor Rauner’s budget office and House Republicans yesterday both said the package of taxes and potential reforms could add almost two-and-a-half-billion dollars to the state’s deficit. The plan in the Illinois Senate is seen as the starting point for a new state budget. But the new analysis may mean lawmakers are back to square one.
Benjamin Yount/dcr IL)
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