Illinois Budget: Which Fiscal Woes Would It Actually Fix?
Illinois lawmakers in the state House of Representatives are on the verge of overriding a veto from Governor Rauner that would institute a budget for the first time in more than two years. Most notably, the plan would increase the income tax rate from 3.75 to 4.95 percent for all Illinois residents. So, which of the state’s various financial woes would this budget and tax hike solve? And which ones does it kick down the road? Morning Shift talks to Ralph Martire, executive director of the Center for Tax and Budget Accountability and Laurence Msall, president of the Civic Federation.