Revenue Policy

Analysis of the Governor's Fiscal Year 2010 Illinois General Fund Budget Proposal

Release: March 29, 2009

The proposed FY2010 General Fund budget was introduced by Governor Pat Quinn on March 18, 2009. This Report is CTBA's analysis of the Governor's FY2010 budget proposal. Illinois is in the middle of one of the worst economic downturns in history. 

FY2010, State Budget, Deficit, State Pensions, General Fund, Great Recession, Corporate Tax Expenditures

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.

State Budget, Deficit, Great Recession, Taxes, Illinois Economy, Graduated Income Tax, Economic Multiplier

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