A bipartisan measure that extends tax credits for companies and brings jobs to Illinois is now headed to the Governor after it passed the Senate this week. House Bill 162 extends the program known as EDGE, short for Economic Development for a Growing Economy, which serves as a vital economic tool to ensure businesses stay in Illinois.
Senate Democrats voted last week to override the governor’s amendatory veto of Senate Bill 1. Senate Republicans remain open to bipartisan negotiations on a new proposal that will deliver the necessary and equitable funding many school districts seek.
Senator Tom Rooney is co-sponsoring another FREE, hour-long property tax appeal seminar on August 24 at 6:00 p.m.
Senator Rooney joined Big John and Ramblin' Ray on WLS 890 to talk education funding. Check out the full interview above!
On August 13, Senate Democrats voted to override Governor Rauner’s amendatory veto of Senate Bill 1, an inequitable school funding proposal that unfairly funnels hundreds of millions of state dollars toward Chicago Public Schools.
On this edition of "What Happened to that Bill?" we tackle House Bill 3030, nicknamed the Right to Repair Bill.
Senator Tom Rooney visited several farms and agriculture operations in southern Illinois July 24, as part in the Illinois Farm Bureau Adopt-A-Legislator Visit program.
The Governor has signed legislation that blocks a pay raise for Illinois’ lawmakers and Constitutional officers.
Even though a state budget is in place, Democrats are preventing schools from getting state funding by playing political games with a new formula that is required by law to be enacted before they can receive the bulk of their funding for the coming school year. Senate Republicans are asking Democrat leaders to stop manufacturing an unnecessary crisis and are encouraging them to release Senate Bill 1 to the Governor for further action.
According to analysis based on funding levels from the enacted budget, the Governor’s planned amendatory veto would create a fairer system for the state’s K-12 schools.
Despite a 32 percent increase in income taxes, the Democrats’ budget may not significantly reduce the state’s backlog of bills and does nothing to address the unpaid pension liability that restricts that state’s ability to pay for basic services. The state’s mounting pension obligations direct precious resources away from critically-needed investments in capital infrastructure, such as roads and bridges, and Illinois’ intellectual infrastructure, including K-12 schools and the state’s higher edu
Notably, the budget was not buttressed by significant structural reforms for which Republican lawmakers have been advocating—such as property tax relief to offset the Democrats’ massive income tax hike.
The state's personal income tax rate, which goes into effect retroactive to July 1, will increase from 3.75 percent to 4.95 percent, and the corporate income tax rate would increase from 5.25 percent to 7 percent.
Senator Rooney joined colleagues from both sides of the aisle to give his thoughts immediately following the House's vote to pass a massive tax increase coupled with an unbalanced budget package.
Check out the most recent edition of Rooney's Roundup and get my thoughts coming straight off the floor after the Senate voted to raise personal income taxes on the people of this state to 4.95 percent.