The Illinois Senate on Wednesday voted to put a proposed constitutional amendmen...
FILE PHOTO: llinois Governor J.B. Pritzker delivers remarks at the North America's Building Trades Unions 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon
The measure, which now heads to the House, is the main component in Democratic Governor J.B. Pritzker’s plan to address Illinois’ fiscal woes, which include a huge unfunded pension liability and a chronic structural budget deficit that have dropped the state’s credit ratings to a notch or two above junk.
Related bills contingent on voter approval of the amendment were also approved in the Senate. They would create a graduated income tax rate structure, freeze school property taxes under certain circumstances, and repeal Illinois’ estate tax. House action on the constitutional amendment “will commence as events warrant,” according to Steve Brown, a spokesman for House Speaker Michael Madigan, who supports the move to graduated income tax rates. The legislature’s spring session is scheduled to end May on 31.
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