Watch now: Former Illinois House Speaker Michael Madigan resigns herald-review.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-review.com Daily Mail and Mail on Sunday newspapers.
Madigan Resigns From Illinois House Effective Immediately northernpublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernpublicradio.org Daily Mail and Mail on Sunday newspapers.
SARAH MANSUR
Capitol News Illinois
SPRINGFIELD â Gov. J.B. Pritzkerâs proposed $41.6 billion spending plan for the coming fiscal year relies, in part, on ending nine tax incentives for businesses in an effort to preserve an estimated $932 million in state revenues.
However, Pritzkerâs proposal to end what he called âunaffordable corporate loopholesâ would require action by the Illinois General Assembly.
âThis will be one of the most challenging budgets this government has ever had to craft, but I know there are willing partners in the General Assembly,â Pritzker said during his prerecorded budget address on Wednesday, adding that General Assembly members incorporated their ideas, âlike cutting corporate loopholes that force the middle class to pay more.â
Illinois Gov. J.B. Pritzker s budget proposal would hold most state agencies at flat funding levels but which relies heavily on changes to the state’s corporate tax structure that lawmakers have