Illinois Governor’s Recommended FY2015 Budget Extends Income Tax Increases
On March 26, 2014, Governor Pat Quinn presented an FY2015 budget proposal for the State of Illinois that avoids a fiscal cliff by retaining temporary income tax…
On March 26, 2014, Governor Pat Quinn presented an FY2015 budget proposal for the State of Illinois that avoids a fiscal cliff by retaining temporary income tax…
This article discusses Governor Quinn’s FY2015 budget recommendation, which calls for making Illinois’ temporary income tax rate increases permanent to help finance education and pay down unpaid bills. It cites the Civic Federation’s…
This article follows Governor Quinn’s FY2015 Budget Address and plan to make Illinois’ temporary income tax increase permanent to generate more State revenue. It cites the Civic Federation’s…
This article covers Governor Quinn’s March 26 announcement of his plan to make Illinois’ temporary income tax increase permanent. The Civic Federation said the tax increase alone won’t signal to credit rating agencies that the State knows…
This op-ed by State Senator Heather Steans opposes the scheduled January 1, 2015 partial rollback of the State’s income tax rate because it would create a steep revenue cliff and threaten human services. Sen. Steans cites the Civic…
This editorial reviews positions of the four Illinois Primary GOP candidates for Governor on three subjects: leadership, revenue and business. Regarding the pending expiration of the temporary income tax increase, the editorial cited the…
Next week Governor Pat Quinn will give his sixth budget address since taking office in 2009. The budget is expected to be one of the most difficult of his tenure considering that the State is currently expected to have approximately $5.4…
Unlike the federal government, the State of Illinois exempts all retirement income from the individual income tax. Of the 41 states that impose an income tax, Illinois is one of only three that exempt all pension income and one of 27 that…
This article looks at findings of the Civic Federation’s State of Illinois FY2015 Budget Roadmap released by the Institute for Illinois’ Fiscal Sustainability on March 3. The…