Revenue Policy

Released 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.

Released 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.

Released 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.  

Released 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.

Pages