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Tag Archives: Madigan

ILLINOIS HOUSE SPEAKER: RENEW 5% TAX

House Speaker Michael Madigan declared Wednesday that the state income tax rate should be raised back to at least 5%to help balance the state’s out-of-whack finances, as reported by the Chicago Tribune.

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BUDGET UPDATE

 House Speaker Mike Madigan said Monday he is looking to craft a new budget that will be somewhere between the Governor’s recommended budget and its doomsday counterpart, which was voted down on Friday. Madigan confirmed one detail for the new middle of the road budget: Elementary and secondary education spending would be appropriated at the… read more

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TAX VOTE STILL SHORT

Illinois House Democrats remain “significantly away” from the 60 votes needed to make the temporary income tax increase permanent, House Speaker Michael Madigan said last night. Madigan made the comments following a private meeting between House Democrats and Gov. Pat Quinn in which Quinn renewed his pitch to make the tax hike permanent.  Check out… read more

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