Lost in the disgust over another epic fail by Gov. Bruce Rauner and the Illinois General Assembly to pass a budget is that we now have a pretty good idea of what a budget deal will look like, should we ever get one.

 

The budget will include spending in the neighborhood of $37.3 billion, compared to $35.7 billion in fiscal 2015, the last time Illinois had a complete budget.

 

It will include an income tax hike that will probably increase the individual tax rate to just below the temporary 5 percent rate that was allowed to expire at the end of 2014.

 

Click Here to read more.