Illinois Asbo Legislative Alerts Podcast

This week, the governor revealed a plan that would slightly lower the income tax rate for households making under $100,000 and keeps in place the current 4.95% income tax rate for households making between $100,000 and $250,000. The plan is estimated to provide a savings for 97% of tax payers and raise additional revenues of $3.4 billion per year. While the projected revenues would be a significant increase, to put it in perspective, earlier this year the Illinois State Board Education (ISBE) proposed an education budget increase of $7.2 billion to adequately fund all schools. For a more detailed breakdown, you can find Governor Pritzker’s plan here.  Senate Bill 10 (Manar, D-Bunker Hill) was advanced to 3rd Reading in the Senate earlier this week. Across the rotunda, a House committee approved the same minimum teacher salary language in HB 2078 (Stuart, D-Collinsville). With bills moving in both chambers, it is important for school board members and administrators to reach out