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Wednesday, February 24, 2010

Quinn stands behind tax increase

Associated Press
Gov. Pat Quinn says he thinks it's "necessary" the Illinois House consider a plan to raise the state income tax that passed the Illinois Senate last year.
Quinn said Tuesday getting more revenue is one of four things the state must do to weather a "financial crisis." The deficit could reach $13 billion this year.
He says the three other steps the state must take are more budget cuts, borrowing money and getting as much federal money as possible.
The Democratic governor will offer more budget details Wednesday on a new Web site, and on March 10, when he delivers his annual budget address.
Quinn wants lawmakers to consider borrowing $250 million for health care so the state can get more federal matching money.
And, he wants lawmakers to consider letting universities borrow to pay their bills. AP
 
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