Staff / WGLT
City and county leaders in McLean County said Wednesday one of Gov. JB Pritzker s budget proposals is a bad idea.
The governor has proposed taking 10% of the income tax money it currently shares with cities, towns, and counties through the Local Government Distributive Fund. Normal Mayor Chris Koos said the proposal is ruinous. This will be crippling to municipalities across the state of Illinois if this is to go through. We re already seeing a significant decrease in revenues because of COVID-19 and this is just another slap to cities, said Koos.
Koos said the proposal breaks a decades-old deal with the state.
Mayors Pan Pritzker s Income Tax Grab wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.
Thursday, Feb 18, 2021 You have to wade through a whole lot of heat to get to the light, but at least there is some in this Capitol News Illinois story, including…
The budget calls for a full pension payment and increases funding for the Department of Children and Family Services by 7.9 percent. Pritzker also asked lawmakers to pass a standalone bill increasing spending for the Illinois Department of Employment Security by $60 million in federal funds for the current fiscal year and called for an added $73 million for the current fiscal year in federal funds. […]
Pritzker’s budget proposal also calls for an 8 percent reduction, or $638 million, in Medicaid expenses. That’s because the federal government has increased its share of Medicaid funding by 6.2 percentage points through the end of 2021 as part of its pandemic response plan.
WBGZ Radio 1/30/2021 |
By Cole Lauterbach - Illinois Radio Network
Illinois’ municipalities are, again, on the watch for a potential reduction of their promised share of state revenue if lawmakers choose to use a tool they’ve utilized multiple times before to help shore up the state budget.
The state collects income tax and other types of revenue for municipalities and distributes it via the Local Government Distributive Fund. Until 2011, local governments received 10% of the personal and corporate income tax revenue but that was slashed to 5.45% for personal income taxes and 6.16% of corporate income tax collections to help the state fill a budget hole from the recession. Both of the last two income tax increases saw proportional reductions in the LGDF.
(The Center Square) – Illinois’ municipalities are, again, on the watch for a potential reduction of their promised share of state revenue if lawmakers choose to use a tool they’ve utilized multiple times before to help shore up the st.