Illinois residents could enjoy lower taxes if their squabbling leaders tackle the debt-riddled state’s biggest problem -- its massively underfunded pension system. But that’s a big if.

 

Republican Governor Bruce Rauner, who’s running for re-election this year, says he could lower taxes by as much as $1 billion. First, lawmakers must address a crisis that’s vexed the state for years, and get a plan cleared by the courts soon.

 

“When I sign it, we’ll get that in front of our state judiciary,” Rauner told reporters in Chicago this week. “Once they bless it as constitutional, then we will have a billion dollar income tax cut for the people of Illinois.”

 

Click Here to read more.