Rauner approves $100 million in business tax incentives
SPRINGFIELD - Governor Bruce Rauner has approved $100 million in business tax incentives granted by former Governor Pat Quinn under Illinois' Economic Development for a Growing Economy program.
The EDGE program is designed to reward companies that create jobs. Officials say the deals were agreed upon before Rauner became governor, and Rauner spokesperson Catherine Kelly says they are allowed to continue "because they have no impact" on spending this year.
The approval comes at a time when Rauner is attempting to close a $1.6 billion shortfall in the state's budget. Last week, Rauner suspended $26 million in grant awards to health and social services programs, and suspended $180 million in funding to state park and recreation programs last month.