Ill. Gov.'s Budget Makes Tax Hike Permanent

Law360, New York (March 26, 2014, 5:13 PM EDT) -- Illinois Gov. Pat Quinn on Wednesday outlined his budget for fiscal year 2015, which makes permanent a previously temporary tax hike to prevent "extreme and radical" cuts to public services in the state and includes guaranteed property tax refunds.

Illinois lawmakers passed a temporary income tax increase in 2011 to fix budgetary problems, and the tax hike was set to roll back in January — but the governor said in his remarks Wednesday that without making the tax increase permanent, the state would suffer a $1.6...
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