state budget

EIU

Illinois has tapped nearly $700 million in existing funds to make the first payment to colleges and universities they've received in seven months.

Comptroller Susana Mendoza announced the payment Thursday.

It includes $327 million owed for the needs-based Monetary Award Program for 110,000 college students for the past school year.

The Democrat made the announcement in Charleston. She presented a nearly $6 million payment to Eastern Illinois University President David Glassman.

"cheque" by Flickr User Tina Franklin / (CC X 2.0)

The state of Illinois has officially given human resources departments the information they need to start deducting more from workers' paychecks.

The Chicago Tribune reports that the Illinois Department of Revenue on Tuesday issued a release with specific details of implementing changes that accountants and employers need to enact the income tax hike that lawmakers approved last week.

The individual income tax rate is now 4.95 percent, up from 3.75 percent. Corporations will pay 7 percent instead of 5.25 percent. It is retroactive to July 1 of this year.

Wikipedia

The controversial override vote Thursday was delayed by about two hours when the capitol was put on lockdown, due to reports of a woman throwing or spilling an unknown substance near the governor’s office and other locations.

The woman’s name has not been released, but she is well-known to several people in the statehouse, and is an education advocate.

That’s according to Letitia Dewith-Anderson, a lobbyist who says she has known the woman for a couple of years; she bumped into her being escorted by police out of an elevator.

Jenna Dooley

The Illinois Senate is expected to vote on a full budget today.

That’s after the House passed a spending plan and a tax increase over the weekend to try and end the two-year long impasse.

In the House, 15 Republicans went against Gov. Bruce Rauner and voted yes.

But it’s not a given that the Senate has the votes to pass it.

Senate Democrats already passed a budget. It included more spending than the plan they’re set to consider today.

Senate Republicans opposed that budget - and the question now is whether they’ll oppose this one too.

Jenna Dooley

Illinois lawmakers are back to work after a dramatic vote in the House to increase income taxes.

Attention turns Monday to the Senate, where lawmakers will consider the budget measures approved by the House a day earlier.

The Illinois House of Representatives approved an increase in the state income tax Sunday that will bring the personal tax rate to 4.95 percent. Corporations would pay 7 percent instead of 5.25 percent.

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