Property taxes

FILE - In this July 5, 2017 file photo, Illinois Gov. Bruce Rauner speaks during a news conference, in Chicago. The budget impasse that began with Illinois Gov. Bruce Rauner's tenure is finally over, despite the Republican's objections to the included income tax increase. Now the wealthy former businessman must ask voters for a second term in 2018 without reforms he promised and having lost a more than two-year fight. (AP Photo/G-Jun Yam File)
July 07, 2017 - 5:29 pm
CHICAGO (AP) — Illinois Gov. Bruce Rauner lost an unprecedented battle with the "Springfield insiders" he once campaigned to dethrone when lawmakers approved a budget deal and $5 billion tax hike over his objections, and without the pro-business reforms the Republican promised for years. Now the...
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Illinois Speaker of the House Michael Madigan, D-Chicago, gives a speech following the Illinois House voting to override Gov. Rauner's veto and pass a budget for the first time in two years during the overtime session at the Illinois State Capitol, Thursday, July 6, 2017, in Springfield, Ill. (Justin L. Fowler /The State Journal-Register via AP)
July 06, 2017 - 8:22 pm
SPRINGFIELD, Ill. (AP) — The Illinois House voted Thursday to override Gov. Bruce Rauner's vetoes of a budget package, giving the state its first spending blueprint in more than two years and ending the nation's longest fiscal stalemate since at least the Great Depression. The action eases some...
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Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years. (AP Photo/G-Jun Yam)
July 06, 2017 - 9:44 am
SPRINGFIELD, Ill. (AP) — A financial showdown more than two years in the making is slated to play out in the Illinois House on Thursday as Democrats try to enact a $36 billion spending plan fueled by a $5 billion income tax increase over the Republican governor's objection. House votes to override...
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Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years. (AP Photo/G-Jun Yam)
July 05, 2017 - 6:03 pm
CHICAGO (AP) — Gov. Bruce Rauner implored lawmakers Wednesday not to override his veto of a proposal to end Illinois' unprecedented budget impasse, calling the plan that includes a large income tax increase a "disaster" that will not solve the state's many financial problems. "This is not just a...
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Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago. Governor Rauner vetoed on Tuesday a package of legislation that raised the income tax by a permanent 32 percent to finance a $36 billion spending plan, which would be Illinois' first budget since 2015. Michael Madigan, the speaker of the Illinois House has scheduled a vote for Thursday to override the governor's veto of budget package, ending a budget stalemate that has lasted more than two years. (AP Photo/G-Jun Yam)
July 05, 2017 - 4:30 pm
CHICAGO (AP) — Gov. Bruce Rauner implored lawmakers Wednesday not to override his veto of a proposal to end Illinois' unprecedented budget impasse, calling the plan that includes a large income tax increase a "disaster" that will not solve the state's many financial problems. "This is not just a...
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House Speaker Michael Madigan, D-Chicago, left, and Senate President John Cullerton, D-Chicago, talk on the Senate floor Tuesday, July 4, 2017, at the Capitol in Springfield, Ill. The Illinois Senate has OK'd an annual spending plan of $36 billion following a critical vote to raise the income tax rate. If approved by Republican Gov. Bruce Rauner, it would be Illinois' first budget in more than two years. (Rich Saal/The State Journal-Register via AP)
July 04, 2017 - 6:36 pm
SPRINGFIELD, Ill. (AP) — The Illinois Senate voted Tuesday to override Gov. Bruce Rauner's vetoes of a $36 billion budget package fueled by a $5 billion tax increase designed to start digging out of the nation's deepest budget crisis since at least the Great Depression. The Democratic-controlled...
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Illinois Speaker of the House Michael Madigan, D-Chicago, looks up towards the video boards during the overtime session at the state Capitol, Sunday, July 2, 2017, in Springfield, Ill. The Illinois House has approved an income tax increase as part of a plan to end the nation's longest budget standoff. (Justin L. Fowler/The State Journal-Register via AP)
July 03, 2017 - 7:25 pm
SPRINGFIELD, Ill. (AP) — Two of the nation's top credit-ratings agencies signaled Monday that it would be a good idea for Gov. Bruce Rauner to accept the results of climactic weekend action to resolve the nation's longest budget stalemate since the Great Depression, but with Democrats trumpeting...
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Illinois Speaker of the House Michael Madigan, D-Chicago, looks up towards the video boards during the overtime session at the state Capitol, Sunday, July 2, 2017, in Springfield, Ill. The Illinois House has approved an income tax increase as part of a plan to end the nation's longest budget standoff. (Justin L. Fowler/The State Journal-Register via AP)
July 03, 2017 - 5:13 pm
SPRINGFIELD, Ill. (AP) — Two of the nation's top credit-rating houses smiled favorably on Illinois' financial outlook Monday following votes the previous day in the House of Representatives to end the nation's longest budget standoff. Fitch Ratings and S&P Global each issued encouraging notices...
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Illinois State Rep. Greg Harris, D-Chicago, walks through the empty floor of the Illinois House as they prepare to vote on an income tax increase bill during the overtime session at the state Capitol, Sunday, July 2, 2017, in Springfield, Ill. The Illinois House has approved on Sunday an income tax increase as part of a plan to end the nation's longest budget standoff. (Justin L. Fowler/The State Journal-Register via AP)
July 02, 2017 - 11:29 pm
SPRINGFIELD, Ill. (AP) — The Illinois House approved a $5 billion income tax increase on Sunday, followed by a spending plan for the new fiscal year, with some Republicans defying Gov. Bruce Rauner and joining Democrats in a dramatic step to break the nation's longest-running budget stalemate. But...
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Illinois House Speaker Michael Madigan, D-Chicago, thanks House members following a vote to adopt a spending bill amendment Friday, June 30, 2017, in Springfield, Ill. Madigan said more work needs to be done, including final negotiations on a tax increase package that is needed to ensure the budget will be in balance. (Ted Schurter/The State Journal-Register via AP)
June 30, 2017 - 5:12 pm
SPRINGFIELD, Ill. (AP) — A $36.5 billion plan to rebuild Illinois' crumbling finances passed a critical test on Friday, but a powerful legislative leader said no deal would be reached before a midnight deadline — meaning Illinois will enter its third consecutive fiscal year without a budget. And it...
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