March 27 (Bloomberg) — Illinois Governor Pat Quinn proposed keeping an income-tax increase that expires at year end, to avoid making cuts in education.
Quinn made the recommendation yesterday as part of his fiscal 2015 budget, ending months of speculation about his plans for the 2 percentage-point increase approved in 2011 and that would, if allowed to expire, leave a $2 billion shortage.
"We cannot stand by and allow savage cuts to our education and to these critical services to unravel the progress that we have made," Quinn said in a speech to a joint session of the General Assembly.
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