By Raymon Troncoso
Capitol News Illinois
SPRINGFIELD Members of an Illinois Senate committee sparred with officials from Gov. JB Pritzker’s administration Friday in a hearing on tax changes proposed by the governor in an effort to balance the state’s budget for the 2022 fiscal year.
The Senate Revenue and Appropriations committees held the joint hearing, questioning the directors of the Illinois Department of Revenue and the Governor’s Office of Management and Budget among others.
In his budget proposal released in February, Pritzker outlined nine changes to the corporate tax code meant to generate $932 million in revenue for the state in order to maintain a balanced budget while keeping income taxes and government spending flat for FY 22, which begins July 1.
Republicans challenge Pritzker tax-change proposal
RAYMON TRONCOSO
Capitol News Illinois
SPRINGFIELD – Members of an Illinois Senate committee sparred with officials from Gov. JB Pritzker’s administration Friday in a hearing on tax changes proposed by the governor in an effort to balance the state’s budget for the 2022 fiscal year.
The Senate Revenue and Appropriations committees held the joint hearing, questioning the directors of the Illinois Department of Revenue and the Governor’s Office of Management and Budget among others.
In his budget proposal released in February, Pritzker outlined nine changes to the corporate tax code meant to generate $932 million in revenue for the state in order to maintain a balanced budget while keeping income taxes and government spending flat for FY 22, which begins July 1.
By Raymon Troncoso & Capitol News Illinois
• 7 hours ago
Members of an Illinois Senate committee sparred with officials from Gov. JB Pritzker’s administration Friday in a hearing on tax changes proposed by the governor in an effort to balance the state’s budget for the 2022 fiscal year.
The Senate Revenue and Appropriations committees held the joint hearing, questioning the directors of the Illinois Department of Revenue and the Governor’s Office of Management and Budget among others.
In his budget proposal released in February, Pritzker outlined nine changes to the corporate tax code meant to generate $932 million in revenue for the state in order to maintain a balanced budget while keeping income taxes and government spending flat for FY 22, which begins July 1.
Budget battle wages on in Springfield
Raymon Troncoso Capitol News Illinois
April 26, 2021
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SPRINGFIELD As the General Assembly prepares to return to Springfield Tuesday, state lawmakers are sparring with officials from Gov. J.B. Pritzker’s administration over proposed tax changes for the 2022 fiscal year.
In his budget proposal released in February, Pritzker outlined nine changes to the corporate tax code meant to generate $932 million in revenue for the state in order to maintain a balanced budget while keeping income taxes and government spending flat for FY 22, which begins July 1.
“The governor’s budget proposal is a reasonable and balanced one,” IDOR Director David Harris told lawmakers last week during the Senate Revenue and Appropriations committees’ joint hearing. “Were it to be enacted as (Gov. Pritzker) proposed, there would be a $120 million surplus at the end of FY 22 by estimate.”
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