Quinn to Give Budget Speech Wednesday

Governor Quinn is scheduled to give his budget address Wednesday. Many are awaiting his decision on what he’ll do about the income tax rate.

Illinoisans are paying five percent in state income taxes right now. That’s supposed to roll back to three-point-75 in January but the state stands to lose billions-of-dollars in revenue if that happens.  Democrats are already telling some agencies to prepare for a possible 20-percent cut in their budgets.