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Illinois’ Education “Fiscal Cliff”
Tuesday, Dec 11, 2012 - Posted by Advertising Department [The following is a paid advertisement.] Illinois is facing its own “fiscal cliff” in the current House budget – a $200 million shortfall for education funding if we don’t take action to address this serious gap. Illinois already ranks dead last in the nation in the amount of school funding provided by state revenues. We simply cannot continue to underfund our schools. Beyond this, there are other ways our state is falling behind. Current state revenue laws have not been modernized to keep pace with the changing times. However, there is assistance on the way: House Bill 5440, which closes a corporate tax loophole on satellite television providers, delivers much needed funding relief for Illinois and adapts to the current marketplace for TV service. By closing off this loophole, HB 5440 would generate up to $75 million in additional revenue for the Illinois education fund, ensuring that satellite providers industry standard fees to support our state. Don’t Shortchange our Students! Vote YES on HB 5440! To learn more and make your voice heard, visit www.YesOn5440.com.
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