Home > News > Illinois Senate Votes to Approve $5-Billion Tax Increase, Spending Plan

Illinois Senate Votes to Approve $5-Billion Tax Increase, Spending Plan

July 4, 2017

SPRINGFIELD, Ill. (AP) – The Illinois Senate has approved an income tax increase to raise $5 billion a year aimed at ending the nation’s longest state budget crisis since at least the Great Depression.

The Democratic-controlled Senate voted 36-18 Tuesday to hike the personal income tax rate by 32 percent. It would increase the personal rate from 3.75 percent to just under 5 percent. Corporations would pay 7 percent instead of just over 5 percent.

State Sen. Kyle McCarter (R-Lebanon) has not been present for the special session, and did not cast a vote.

Republican Gov. Bruce Rauner has promised to veto the measure because Democrats who control the General Assembly have yet to agree to resolve certain issues. They include statewide property tax relief, cost reductions in workers’ compensation and benefits for state-employee pensions, and an easier process for dissolving or eliminating local governments.

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