Revenue Policy

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.

Special Report: Flawed Tax Policy is the Primary Driver of Illinois' Recurring General Fund Deficits

Release: June 3, 2013

The Taxpayer Accountability and Budget Stabilization Act of 2011 temporarily increased the personal and corporate income tax rates, providing the state with much needed revenue. This Special Report examines the impact of those tax increases on the state's General Fund budget deficits for fiscal years 2011-2013.

The Illinois State Budget and Tax Primer

Release: March 1, 2013

With over 70 tables and charts, the Illinois State Budget and Tax Primer details the technical elements of the budget process, revenue system and challenges the state faces in clear terms.  

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.

Pages