Quinn Predicts Property Tax Jump Without Income Tax Hike
5/22/2014 5:23:31 AM
In an effort to generate support among lawmakers for making the state's temporary income tax hike permanent, Governor Quinn is calling attention to the cuts that school districts would suffer if the tax increase expires. Quinn's office released figures today showing that 875-million-dollars would be cut from education spending if the tax rolls back and that local school districts would likely boost property taxes to make up the difference. House Speaker Michael Madigan has admitted that he is not close to having the 60 House votes needed to retain the income tax.