It's created to start repairing the fiscal calamity caused by the nation's longest budget stalemate since the Great Depression.
In voting for the tax hike before Rauner's sought-after reforms, the governor loses leverage in future negotiations.
The first-term governor insists on business-friendly changes and a statewide property tax freeze in return for agreement on a budget. The House also sent a $36 billion spending plan to the Senate amid concern that credit-rating companies will pull Illinois' investment-grade rating if a budget isn't enacted.
State Rep. David Harris, R-Arlington Heights, says the interest alone on that debt will cost taxpayers $800 million dollars.
IL lawmakers voted to override Gov. Bruce Rauner's veto of legislation to continue funding 911 emergency call centers.
The House voted 72-45 Sunday on a 32 percent increase in the personal income tax rate. "We should instead require millionaires and billionaires to pay their fair share and close the corporate loopholes that big corporations use to rig the system".
But the budget package still needs to pass the Senate.
The measure sponsored by Harrisburg Democratic Rep. Brandon Phelps increases the telephone surcharge for emergency services. He said the increase is necessary to avoid financial catastrophe.
Only four of the 16 Republicans who voted for the clean debt hike in 2014 suggest they will or are open to doing so this fall. He said IL spends about $1 billion a year in those incentives.
House Speaker Michael Madigan says he sent a letter to the bond rating agencies, "asking them to defer any further opinions relative to the credit rating of the state of IL, until we've had sufficient time to finalize our budget-making".
The proposal mirrors a plan the Senate passed earlier this year and is effectively a 32 percent boost.
IL is one of only three states and Washington, D.C., to levy taxes on wireless service at higher state tax rates in lieu of the broad sales taxes that apply to most other purchases.
Governor Rauner also tweeted his promise to "fight every day to lead this state in a new direction after decades of failed leadership". Unpaid bills have soared to a record $15 billion, and by August the state is set to run out of money for key expenses for the first time since the stalemate began, according to Comptroller Susana Mendoza. Credit rating agencies have threatened to downgrade the state's creditworthiness to "junk" status.
A decision is finally made Sunday over the IL state budget with both the tax revenue and spending budgets approved. It's the longest of any state since the Great Depression and comes with a $6.2 billion deficit and $14.7 billion in past-due bills.
He didn't specify the legislation.
The plan is projected to raise $5 billion in revenue.
July 4th looks like an incredible day with lots of sun, warm air and only a slight chance for a shower later in the day. The 4th of July on Tuesday will be seasonably warm as highs reach the mid 80s with low humidity.
The pan-European FTSEurofirst 300 index lost 0.69 percent and MSCI's gauge of stocks across the globe shed 0.48 percent. The risk-off tone to markets has seen NZD down to 0.7280 after a short lived spike up to 0.7344 last night.
Beijing has built new military facilities on Spratly Islands in the South China Sea, according to an American think-tank. Worth noting, 12 nautical miles is the territorial boundary that extends beyond the shores of all nations.
But before she could even get to the beverage service part of the flight , Penton started feeling contractions . Luckily, there was a pediatrician and a nurse on the flight. "Everything started happening very quickly.
His parents learned of their son's condition - what North Korea called a coma - only last week, they said in a statement . Fred Warmbier took to the podium wearing the same cream jacket his son wore during his confession in North Korea .
However, the 23-year-old reached the final at Wimbledon in 2015, and exited in the quarter-finals at this year's Australian Open. Kvitova will next face the victor of the contest between American Madison Brengle and Richel Hogenkamp of the Netherlands.
House of Representatives voted to enforce secondary sanctions against non-U.S. firms for hiring North Korean workers. South Korea only imported $1.6 billion in US autos while it exported $16.1 billion in autos to the USA that year.
Exhibits likely to attract Star Wars fans include Luke Skywalker's first light saber and Darth Vader's helmet. Construction is scheduled to start by early next year with an opening date tentatively set for 2021.
Vermont's top election official, Democrat Jim Condos, said it goes beyond what the state can publicly disclose. Several states, including MA , have said their voter information is private and will not be shared.
Donald Trump launches twitter tirade against CNN, MSNBC
Mika Brzezinski and Joe Scarborough hit back after becoming the latest victims of Mr Trump's frequently used social media account. Women in the administration need to step up and tell him that they will not stand for the way he is treating women.
Inks one-year contract with 76ers
Redick to a one-year contract that will pay him an absurd $23 million in cold hard cash. According to ESPN's Adrian Wojnarowski , the Sixers have signed veteran guard J.J.
Sony to start vinyl record production again
This time around Sony Music is back in the news, dropping some news that will certainly help bring vinyl back. It still hasn't yet decided which genres of music it will produce, according to the spokeswoman .
Samsung to Establish Washing Machine Line in SC
Samsung Electronics plans to have a washing machine production line up at the factory by early next year. They will employ craftsmen, operators, engineers and other technical and non-technical positions.
China's treatment of activist raises fears for other detainees
Liu but to allow his wife, Liu Xia , out of house arrest ", said Mary Beth Polley , a spokeswoman for the USA embassy in Beijing . In 2008, he helped compose a petition, called " Charter 08 " and later signed by hundreds of scholars and activists.
NYC subway station evacuated after smoke, loss of power
The B and C trains have been halted altogether. "People were falling", said passenger Susan Pak, of Englewood Cliffs, New Jersey. Lhota said the emergency braking system on the train triggered, but it wasn't immediately clear why.
Portugal Want To Win The Confederations Cup- Cristiano Ronaldo
Hector Herrera cleared on the edge of his box, sending the ball flying high down the pitch where Akinfeev simply had to meet it. Akinfeev failed to clear a bouncing ball, allowing Lozano to sneak in and score the victor seven minutes into the second half.
Jude Ranked No. 1 Pediatric Cancer Hospital
Boston Children's is first in Gastroenterology & GI Surgery, Nephrology , Neurology & Neurosurgery , Orthopedics and Urology . In addition, the cardiology and heart surgery programs now sit one spot away from the top 10 programs in the country.