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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 SB2099
Introduced 2/25/2005, by Sen. Louis S. Viverito SYNOPSIS AS INTRODUCED: |
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Creates the State Budget and School-Funding Crisis Referendum Act.
Authorizes a statewide referendum at the consolidated election in 2006 to seek
the advice
of the voters.
Sets forth questions concerning a temporary increase in the State income tax to
help solve the current State budget and school-funding crises. Effective immediately.
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A BILL FOR
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SB2099 |
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SDS094 00123 MRM 30123 b |
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| AN ACT concerning a statewide advisory referendum on the |
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| State budget and school-funding crisis.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 1. Short title. This Act may be cited as the State |
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| Budget and School-Funding Crisis
Referendum Act.
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| Section 5. Purpose. Illinois, as almost all other states, |
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| is currently
experiencing a
State budget crisis as well as a |
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| school-funding crisis. At the same time, however, Illinois
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| enjoys
relatively modest rates of State income tax: 3% on |
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| individuals, estates, and
trusts and
4.8% on corporations. But |
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| there is a high burden on property owners because school |
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| funding relies heavily on local property taxes. Article 10 of |
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| the Illinois Constitution provides that the State shall fund |
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| education by making public schools free through the secondary |
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| level. The purpose of this Act is to seek the advice of the
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| voters as to
whether a temporary increase in the State income |
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| tax is warranted to help solve
this school-funding crisis.
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| Section 10. State budget and school-funding crises |
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| advisory questions. The following advisory
questions shall be |
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| submitted to
the
voters of the entire State at the 2006 general |
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| primary election:
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| (1) Should the General Assembly temporarily increase
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| the Illinois income tax from January 1, 2007 through |
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| December 31, 2008 to help solve the current State budget |
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| crisis and avoid
drastic cuts in State support for public |
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| education?
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| (2) Should this temporary increase
be limited to |
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| increasing the rate of tax for
individuals, trusts, and |
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| estates by no more than one percentage point
and
the rate |
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| for corporations by no more than one and six-tenths of a |