A state budget blueprint calling for a $5.4 billion increase in revenue and $2.5 billion in cuts has reportedly been presented to legislative leaders.
The blueprint, crafted by a working group of state lawmakers, does not currently include structural reforms being pushed by Republican Gov. Bruce Rauner.
Lawmakers described the proposal as a potential starting point toward a larger budget agreement. The state has been operating without a full budget since July 1.
Revenue options presented by the working group include a hike in the personal income tax, which is currently 3.75 percent. The rate, under the plan, would be raised no higher than 4.85 percent. Lawmakers also want to include more services under the sales tax and end certain corporate tax incentives.
Savings could come partly through health care and pension savings, which would include shifting pension costs for workers making an annual salary of more than $180,000 back to public education institutions, among other cuts.
As part of the proposal, the state would not be required to repay $450 million in special funds borrowed for the fiscal year 2015 budget. Additionally, the proposal outlines $5 billion in state borrowing to be put toward unpaid bills.