CTBA in the News

June 10, 2024Daily Herald

Thousands of qualifying suburban parents could receive an income tax break next year due to the state’s first child tax credit included in the upcoming state budget.

The funding comes from increased tax rates on gambling, state officials said. The Center for Tax and Budget Accountability, a Chicago-based nonpartisan government finance research group, has been advocating for a statewide child tax credit tied to the earned income tax credit since at least 2022.

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June 7, 2024Chicago Sun-Times

Democrat and Republican lawmakers mostly had opposing views of the fiscal year 2025 budget that Gov. Pritzker just signed. Meanwhile, the real problem with state finances is a structural deficit caused by tax policy that doesn’t fit a modern economy. Ralph Martire’s column breaks down the

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June 7, 2024Daily Herald

Ralph Martire’s column examines the FY 2025 Illinois state budget.

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May 28, 2024Politico

CTBA’s Ralph Martire is quoted in the state budget section

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May 21, 2024WBEZ

The Local Government Distributive Fund may sound dry, but local leaders say it plays a crucial role in keeping their cities, towns and villages afloat. GUESTS: Jerry Bennett, Palos Hills mayor, president of the Southwest Conference of Mayors and Ralph Martire, executive director, Center for Tax and Budget Accountability talk with Sasha-Ann Simons.

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May 20, 2024State Journal Register

Center for Budget and Tax Accountability EBF report is cited which indicates paying the minimum $300 million would take the state until fiscal year 2034 to fully fund public

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May 18, 2024Daily Herald

A new report from the Illinois General Assembly’s Commission on Government Forecasting and Accountability estimates the state will receive nearly $31.4 billion in state income tax revenue in the next fiscal year that begins in July. CTBA’s Ralph Martire is quoted in the article.

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May 15, 2024Chicago Tribune

Chicago Tribune references CTBA’s EBF report, “Fully Funding the Evidence-Based Formula: FY 2025 Proposed General Fund Budget “ in its CTU story.

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May 15, 2024Chalkbeat

Due to inflation and state lawmakers holding K-12 funding flat in 2020 during the height of the COVID pandemic, districts would not be adequately funded until 2034 if the state continues to only add $350 million to the evidence-based funding formula, according to a report from the Center for Tax

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May 15, 2024Chalkbeat

Chalkbeat reports on CTBA's most recent Fully Funding the Evidence-Based Formula, Volume IX and talks with author Elaine Gaberik. Gaberik, one of the co-authors of the report, told Chalkbeat that one of the best things the evidence-based formula did for public schools was to change the ratio of local funding to state funding.

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