CHICAGO – Calling passage of a compromise budget plan a matter of "political will," Illinois Gov. Bruce Rauner offered his support for an income tax increase and expanded sales tax as long as the deal permanently freezes local property taxes, caps spending, and overhauls worker's compensation.

Rauner laid out his parameters for supporting the Senate's sweeping, bipartisan 12-bill "Grand Bargain" package during his fiscal 2018 budget address Wednesday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.