Report: Illinois' budget woes will require 'painful' fixes - WSIL-TV 3 Southern Illinois

Report: Illinois' budget woes will require 'painful' fixes

Posted: Updated:

CHICAGO (AP) - A Chicago-based research group says cleaning up Illinois' budget mess will require difficult decisions such as raising the income tax, slashing spending and imposing taxes on food, services and some retirement income.
    
In an analysis released Thursday, the Civic Federation's Institute for Illinois' Fiscal Sustainability says the state budget stalemate has only exacerbated Illinois' enormous financial problems.
    
Civic Federation President Laurence Msall says "there are no more politically popular solutions left."
    
Illinois faces a roughly $5 billion budget deficit this year. Its unpaid bill backlog could reach almost $26 billion by 2020 if current revenue and spending policies continue.
    
The analysis recommends raising the individual income tax rate from 3.75 to 5 percent and amending the Illinois Constitution to allow future pension benefits to be cut, among other changes.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

  • More NewsMore>>

  • SIU Touch of Nature hosts Wander Down Music Festival

    SIU Touch of Nature hosts Wander Down Music Festival

    Sunday, October 20 2019 12:12 AM EDT2019-10-20 04:12:22 GMT
    CARBONDALE (WSIL) -- Dozens headed to SIU's Touch of Nature for a three-day music festival over the weekend. The Wander Down Music Festival is a weekend of live music, art, and outdoor-education workshops. The festival centers around the music genre bluegrass and features live music performances from both regional and national names. Attendees say it's an incredible experience to have in Southern Illinois - especially with how close to home it is.
    CARBONDALE (WSIL) -- Dozens headed to SIU's Touch of Nature for a three-day music festival over the weekend. The Wander Down Music Festival is a weekend of live music, art, and outdoor-education workshops. The festival centers around the music genre bluegrass and features live music performances from both regional and national names. Attendees say it's an incredible experience to have in Southern Illinois - especially with how close to home it is.
  • Thousands attend 20th annual Vulture Fest

    Thousands attend 20th annual Vulture Fest

    Sunday, October 20 2019 12:10 AM EDT2019-10-20 04:10:30 GMT

    MAKANDA (WSIL) -- Thousands of people headed out to Makanda for the 20th annual Vulture Fest Saturday. What started as a small gathering of friends celebrating their own version of a fall festival, grew into an annual attraction. Saturday is the second day of the three-day celebration of food, music, and art. T-shirts were available for purchase, and funds went towards paying for parking and the bands. Sunday is the last day of Vulture Fest.

    MAKANDA (WSIL) -- Thousands of people headed out to Makanda for the 20th annual Vulture Fest Saturday. What started as a small gathering of friends celebrating their own version of a fall festival, grew into an annual attraction. Saturday is the second day of the three-day celebration of food, music, and art. T-shirts were available for purchase, and funds went towards paying for parking and the bands. Sunday is the last day of Vulture Fest.

  • SIU hosts Homecoming Parade through downtown Carbondale

    SIU hosts Homecoming Parade through downtown Carbondale

    Sunday, October 20 2019 12:08 AM EDT2019-10-20 04:08:13 GMT
    CARBONDALE (WSIL) -- Hundreds celebrated SIU's Homecoming Parade in downtown Carbondale Saturday morning... The parade featured several area-school bands as well as SIU's "Marching Salukis". The class of 1969 also made an appearance in Saturday's parade for their 50th year reunion. Many of the parade floats were decorated in celebration of SIU's 150th anniversary. Homecoming festivities continued with events for alumni and students around campus.
    CARBONDALE (WSIL) -- Hundreds celebrated SIU's Homecoming Parade in downtown Carbondale Saturday morning... The parade featured several area-school bands as well as SIU's "Marching Salukis". The class of 1969 also made an appearance in Saturday's parade for their 50th year reunion. Many of the parade floats were decorated in celebration of SIU's 150th anniversary. Homecoming festivities continued with events for alumni and students around campus.

Most Popular

Stories
Videos
Slideshows
loading...
Powered by Frankly
All content © Copyright 2000 - 2019 WSIL. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.