Revenue Policy

Fact Sheet: Gross Receipts Tax

Release: March 6, 2007

A Fact Sheet on the Gross Receipts Tax, which in general is a broad-based, low rate tax imposed on all income received by a business without any deductions for costs of doing business.

Illinois Revenue Initiatives & Enhancements

Release: January 31, 2007

An overview and chart of revenue options for Illinois.

Fiscal System Basics

Release: October 10, 2006

An overview fiscal systems in general and the of the Illinois' fiscal system.

Issue Brief: Recent Lottery/School Funding Proposal

Release: June 7, 2006

CTBA’s analysis of the 2006 proposed sale or lease of the State of Illinois Lottery to generate revenue for funding K-12 education.

Revenue Underperformance is the Primary Cause of Illinois' Chronic Budget Deficits

Release: January 12, 2006

This Report explains why revenue underperformance, rather than spending, is the source of Illinois' chronic budget deficits.

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