Revenue Policy

UPDATED: Illinois Property Taxes

Release: May 14, 2015

This Issue Brief is an update to a 2007 Brief, and provides an overview of who pays property taxes in Illinois, the steps in the property tax cycle, and what property tax revenue is used for. 

How Revenue and Spending Impact the Illinois General Fund

Release: May 6, 2015

PowerPoint presented by Ralph Martire at the Senate Revenue Hearing.

Good for Business: How Illinois Can Best Support Small Business

Release: April 7, 2014

Policy leaders across Illinois have identified supporting small businesses and entrepreneurship as key to reviving the state’s sluggish economy. And no wonder, given that over 99 percent of all businesses in Illinois are “small business” as defined by the Small Business Administration.  This Report, identifies best practices and policy initiatives decision makers can take to improve the state’s economy and aid small businesses in Illinois.

The Millionaire Migration Myth: Why a Fair, Graduated Rate Income Tax Won’t Drive Away Millionaires

Release: March 28, 2014

Drawing on reports released by Stanford University and the Center on Budget and Policy Priorities, this Issue Brief debunks the myth that if Illinois increased income tax rates on higher incomes there would be a mass exodus of millionaire households out of the state and points out the importance of moving to a fair tax.   

The Impact of Coal on the Illinois State Budget, FY2011

Release: June 27, 2013

This Report analyzes the fiscal impact of the coal industry on the Illinois state budget for Fiscal Year 2011 and finds that the overall impact amounted to a net cost for Illinois and its taxpayers.

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