Center for Tax and Budget Accountability

Illinois Issues: Flat Vs. Graduated Income Tax

Aug 24, 2017
401ktaxcalculator.org

Commentary:   Should Illinois' current flat-tax system be changed as the state attempts to deal with its ongoing budget struggles? 

ov. Bruce Rauner held a press conference to demand Democrats send him SB1. He was flanked by Republican lawmakers.
Daisy Contreras / NPR Illinois | 91.9 UIS

Schools are set to receive payment from the state in just three days, but that can’t happen until the Illinois legislature approves a new “evidence-based” funding model.

Amanda Vinicky

We talked to leaders at the Center for Tax and Budget Accountability and The Civic Federation to learn about their insights on the state's first spending plan in more than two years.

Rank-and-file Illinois lawmakers frustrated by the 10-month state budget impasse are meeting on their own in bipartisan groups to discuss potential solutions. 

Illinois Issues: The Next Pension Time Bomb

Mar 30, 2016

Illinois has more than $100 billion in pension debt. So far, attempts to fix it have been mostly illegal.

flickr/danxoneil

  Opponents of Governor Pat Quinn's proposed income tax increase say it will chase jobs out of Illinois. A new report that challenges that assumption.

What to do about Illinois' expiring income tax hike has been the star of the debate this spring. The governor threatens cuts unless its extended, while Republican leaders say keeping the higher tax rate is a bigger threat to the economy.

Ralph Martire, director of the Chicago-based Center for Tax and Budget Accountability, says that's a misunderstanding. He says property taxes are the true obstruction of economic growth.

Speaker Michael Madigan
Amanda Vinicky/WUIS

The Illinois General Assembly approved sweeping cuts to state employee pensions Tuesday. The move comes after years of stalemate over how to address a hundred-billion dollar liability — the worst-funded pension plans of any state.