Tax and Budget

Released November 30, 2011

An analysis of Senate Bill 397 of the 97th General Assembly, which would have provided $250 million tax expenditures to various businesses at a time when Illinois was facing budget deficit and cuts to spending on core services.

Released 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.

Released May 23, 2012

Presentation on why Illinois needs tax reform, and the case for a graduated income tax.

Released June 30, 2004

CTBA's analysis of the final, FY2004 General Fund budget.

Released November 15, 2004

CTBA's estimate of the FY2005 General Fund budget deficit.

Released February 21, 2005

This Report is CTBA's analysis of the enacted FY2005 General Fund budget.

Released January 12, 2006

A comparison of the state's FY2006 enacted and FY1995 General Fund budgets.

Released January 12, 2006

This Report explains why revenue underperformance, rather than spending, is the source of Illinois' chronic budget deficits.

Released February 24, 2006

CTBA's analysis of the proposed FY2007 budget.

Released January 29, 2007

This Issue Brief provides an overview to Illinois' structural deficit, which is a result of the state's flawed fiscal system. An updated Issue Brief was published by CTBA in 2008.

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