(Springfield, IL) — Governor Rauner is laying out his terms for a potential income tax hike in order to solve Illinois’ financial mess. While delivering his budget address yesterday, Rauner said he’ll only back a permanent increase unless the plan being crafted in the state Senate comes with a permanent freeze on local property taxes. The Republican also said he might go along with an expanded sales tax to help close the budget gap but dismissed tax hikes on food, medicines and retirement income. The governor added that he wants economic and regulatory changes including an overhaul to workers’ compensation and term limits on lawmakers.
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