Metropolitan Planning Council calls on General Assembly to adopt 'hybrid revenue plan' for education, tax reform in 2007 - Metropolitan Planning Council

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Metropolitan Planning Council calls on General Assembly to adopt 'hybrid revenue plan' for education, tax reform in 2007

Proposal strikes balance, making business part of the solution while protecting working families

(Chicago) … The Metropolitan Planning Council (MPC) urges state leaders to balance the needs of Illinois ’ working families and the state’s business community through a “hybrid revenue plan” to provide adequate, long-term support for all Illinois schools and much-needed property tax relief for disinvested communities.

MPC released its plan today, embargoed until the morning of Thursday, May 24, 2007.

The MPC proposal would achieve the goals shared by plans being debated in Springfield, Senate Bill 1 and House Bill 750, both of which would provide adequate funding for all Illinois schools and property tax relief. Debate over these bills has stalled, with just two weeks until the Illinois General Assembly is scheduled to adjourn, because legislators are struggling to see the fairness in either bill’s funding stream.

Because the cost of doing nothing is too great, MPC recommends legislators adopt its compromise proposal, which more evenly and fairly distributes the tax burden across all classes of taxpayers. The MPC plan would:

  • provide $2 billion in FY 08 to bring all schools to the recommended per-pupil funding minimum, plus $650 million for school construction and maintenance;
  • provide $1.2 billion in targeted property tax relief to distressed communities;
  • expand personal exemptions and child credits so that working families won’t pay more;
  • make business part of the solution, without overburdening employers to fund state needs.

MPC’s revenue plan complements the school quality and fiscal accountability plan released on Monday by a group of civic, business and education leaders, including A+ Illinois – another sign that advocates are working together with legislators to close in on a compromise.

MPC strongly supports the General Assembly reaching consensus on this budget in order to address other pressing needs, including funding to support transit operating and capital needs in metropolitan Chicago.

The Metropolitan Planning Council’s complete revenue plan is available on an embargoed basis on the MPC Web site. For more information, contact MPC Communications Associate Mandy Burrell , at 312-863-6018 (office), 773-640-1206 (cell), or mburrell@metroplanning.org.

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