Breaking News Bar
updated: 7/9/2014 4:42 PM

Topinka: Income tax rollback means '$2 billion collapse'

hello
Success - Article sent! close
  • Judy Baar Topinka

      Judy Baar Topinka

 
Associated Press

QUINCY, Ill. -- Illinois Comptroller Judy Baar Topinka is warning of "a $2 billion collapse" next year when the state's temporary income tax increase begins to roll back.

The Republican seeking re-election made stops in Quincy and Jacksonville on Tuesday.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Lawmakers approved a temporary income tax hike in 2011. But it's set to decrease from 5 percent to 3.75 percent in January leaving a big budget hole.

Gov. Pat Quinn has pushed for extending the increase, but the idea has been unpopular in an election year.

Topinka likens the decrease to a "heart attack" to state finances. She says she'd rather see it phased out over two years to give lawmakers time to cut spending.

Topinka is facing a November challenge from Lt. Gov. Sheila Simon, a Democrat.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here