// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

CHICAGO (AP) - Gov. Pat Quinn says income tax revenue for 2013 will top forecasts by $1.3 billion. He says he'll put the money toward the billions the state owes in unpaid bills.

The governor's office said Tuesday the money was a one-time windfall resulting from businesses and individuals selling assets or taking early dividends in anticipation of higher federal tax rates.

Quinn says the money is welcome but a one-time bump in revenue will not help fix the problem in the long run.

Illinois owes billions to businesses, charities and local governments performing some of the state's most essential services. The problem adds to the state's huge financial mess, which includes a soaring public pension crisis.

Quinn said Tuesday the focus must be on "restoring Illinois to full fiscal responsibility."

 

Published in Local News

SPRINGFIELD, Ill. (AP) - An expansion of Medicaid under President Barack Obama's health care overhaul could increase Illinois' unpaid bills.

The (Springfield) State Journal-Register reports that the expansion would also force the state to take even longer to pay its existing $9 billion in backlogged bills.

Medicaid is the government health program for the poor and disabled. The General Assembly is considering approving a federally subsidized expansion of the program. Estimates show that about 342,000 additional Illinois residents could become eligible under the planned expansion.

The federal government would fully fund the first three years of the expansion. It would then incrementally drop the funding.

The Illinois Senate in February approved a measure authorizing the enrollment increase. Officials expect the House to vote on the issue by May 31.

 

Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Closing arguments begin in Donald Trump trial

Closing arguments begin in Donald Trump trial

CHICAGO (AP) - An attorney for an 87-year-old grandmother who accuses Donald Trump of cheating her in a condo deal has told jurors the "Apprentice" star lied on the witness stand. ...

Judge: Hollister unfriendly to disabled people

Judge: Hollister unfriendly to disabled people

DENVER (AP) - A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch Co. and J.M. Hollister LLC clothing stores are unfriendly ...

US tests a new intercontinental missle

VANDENBERG AIR FORCE BASE, Calif. (AP) - The U.S. Air Force has launched an unarmed intercontinental ballistic missile from a California base, a month after the test flight was pos...

Schnucks calls lawsuit

Schnucks calls lawsuit "meritless" over credit card hac…

The cost of the massive payment card hack that hit the  Schnucks supermarket chain in recent months could cost the company $80 million in Illinois alone.   Court records show Schn...

Jennings woman shot and killed identified

Jennings woman shot and killed identified

A Jennings woman shot and killed in a North County home has been identified. St. Louis County police say 22 year old Patricia Singleton was found dead from a single gunshot wound i...

New security measures in place for soccer tourney at Busch Stadium

New security measures in place for soccer tourney at Bu…

St. Louis plays host Thursday night to a soccer exhibition featuring a pair of rivals in the English Premier League. With the Cardinals on the road, Busch Stadium welcomes some of ...

Construction begins final phase Page Ave extension

Construction begins final phase Page Ave extension

Construction is set to begin this morning on Stage 3 of the Page Extension, and MoDOT local leaders are gathering in St. Charles County later Wednesday morning to mark the occasion...

IL Republican Bucshon to challenge Enyart for 12th Dist. House seat

IL Republican Bucshon to challenge Enyart for 12th Dist…

   O'FALLON, Ill. (AP) - An Illinois Army National Guard veteran and former sports journalist says he's running for a southern Illinois congressional seat.    The Belleville News-...

© 2013 KTRS All Rights Reserved

St Louis Web Design