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Author Topic: Why Illinois is Circling the Drain  (Read 6024 times)

Scout26

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Re: Why Illinois is Circling the Drain
« Reply #25 on: July 07, 2017, 05:29:07 PM »
And earlier the Illinois House overrode the Governor's Veto of the Tax increase.  So after three years we finally have a (grossly bloated) budget and a 32% tax increase from 3.75% to 4.95%.  10 Republicans broke ranks to override the veto.  They can expect primary challengers as Rauner has deep pockets to fund them.

My hope for this state to go all Mad Max seems lost.  However, rumour has it that various ratings agencies are not fooled, and will still downgrade Illinois bonds to Junk status.  So hope springs eternal !!!

http://www.chicagotribune.com/news/local/politics/ct-madigan-rauner-illinois-house-tax-increase-override-met-0707-20170706-story.html

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