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Episode 134: New bill ties state spending to income growth
With research showing state spending grew 30% faster than Illinois’ median household income over the past decade, a new bill would tie spending in Springfield to growth in household income.
Senate Bill 589, introduced by state Sen. Suzy Glowiak-Hilton, D-Western Springs, was presented during a subject matter hearing Wednesday of the Senate Appropriations Revenue and Finance Committee. The bill would create a spending cap that ties general revenue appropriations to growth in the median household income.
Thirty-three states have some form of tax or spending limits on the books, including all of Illinois’ neighbors.
Support this podcast: https://podcasters.spotify.com/pod/show/illinois-in-focus/support
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By The Center Square
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With research showing state spending grew 30% faster than Illinois’ median household income over the past decade, a new bill would tie spending in Springfield to growth in household income.
Senate Bill 589, introduced by state Sen. Suzy Glowiak-Hilton, D-Western Springs, was presented during a subject matter hearing Wednesday of the Senate Appropriations Revenue and Finance Committee. The bill would create a spending cap that ties general revenue appropriations to growth in the median household income.
Thirty-three states have some form of tax or spending limits on the books, including all of Illinois’ neighbors.
Support this podcast: https://podcasters.spotify.com/pod/show/illinois-in-focus/support
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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