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."
JEFFERSON CITY, Mo. (AP) - Missouri public schools and universities will be getting a funding increase under an agreement by legislative budget negotiators.
A group of House and Senate members decided Tuesday to provide a $25 million funding increase to public colleges and universities based on whether they have met performance criteria such as student graduation rates. That's less than the $34 million increase sought by Gov. Jay Nixon but more than the House had approved earlier this year.
The budget also includes $10 million for the University of Missouri medical school to expand a residency program at the Cox Health system in Springfield.
Public school districts would get a $66 million increase to their $3 billion of core funding - the same amount Nixon recommended.
Road closures are underway on the Chain of Rocks Bridge.
The daily closures are set to run from 9 AM to 7 PM every weekday for the next two weeks. Today and tomorrow, the westbound right lane will be closed. Then through the end of the week, the westbound left lane will be closed.
The closures will move to the eastbound lanes next week. All work and closures are weather permitting, but IDOT hopes to have the work completed by May 17.