Reports

The Case for Creating a Graduated Income Tax in Illinois

Release: February 1, 2012

Creating a graduated rate structure for the Illinois individual income tax is one  long-term, structural policy change that would simultaneously stimulate job growth in the state, tax people more fairly and reduce Illinois’ General Fund deficits.This Report explains why a graduated rate structure is needed in Illinois, and how it would impact taxpayers and the state's budget.

Analysis of the Enacted Illinois FY2012 Budget

Release: October 1, 2011

This Report provides an analysis of the FY2012 Enacted General Fund budget. Key findings are: Detail on how the tax increases passed in January averted a fiscal disaster in FY2012; over $388 million in cuts to human service programs; and despite the recent tax increases and spending cuts, the FY2012 budget proposes over $1 billion in spending for which there is no revenue, and is subject to an accumulated deficit of over $7 billion after accounting for unpaid bills left over from FY2011.

Funding Our Future: Reforming Illinois Tax Policy

Release: October 29, 2010

This Report is a thorough analysis of the Illinois’s long-term spending patterns, budget problems and tax policy.

Moving Forward

Release: March 11, 2009

How the state elects to resolve its record deficit will have a meaningful impact on the size and duration of the recession in the state's economy. Given this scenario, the state's best hope of growing its economy and countering the recession is to close its deficit by raising taxes progressively and maintaining or expanding spending on services.

Issue Brief: Why Taxation in Illinois is Unfair

Release: January 23, 2008

This Issue Brief explains how Illinois' tax system is unfair, and how it can be improved.

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