Tax and Budget

Released May 19, 2014

This Report provides a detailed analysis of Governor Pat Quinn’s two very different proposals for the FY2015 General Fund budget—a Recommended Budget and a Doomsday Budget. This unconventional approach to the FY2015 budget was forced on the Governor because of the scheduled phase down of the temporary tax increases in the state’s personal and corporate income tax rates that became effective in 2011.

Released April 8, 2014

Presentation on the FY2015 budget proposals given at the National Associatioin of Social Workers Advocacy Day in Springfield, Illinois.

Governor's FY2015 Proposed General Fund Appropriations ($ Millions)

Released April 7, 2014

Policy leaders across Illinois have identified supporting small businesses and entrepreneurship as key to reviving the state’s sluggish economy. And no wonder, given that over 99 percent of all businesses in Illinois are “small business” as defined by the Small Business Administration.  This Report, identifies best practices and policy initiatives decision makers can take to improve the state’s economy and aid small businesses in Illinois.

Released March 28, 2014

Drawing on reports released by Stanford University and the Center on Budget and Policy Priorities, this Issue Brief debunks the myth that if Illinois increased income tax rates on higher incomes there would be a mass exodus of millionaire households out of the state and points out the importance of moving to a fair tax.   

Released January 23, 2014

This Issue Brief compares Illinois’ General Fund (GF) spending on services to other states using three metrics: (i) per capita; (ii) as share of state Gross Domestic Product (GDP); and (iii) number of state employees per 1,000 residents. Under each metric, Illinois ranks as one of the lowest spending states in the nation.

Released October 1, 2013

The fiscal problems that have historically plagued Illinois are on full display in the FY2014 General Fund budget passedby the Illinois General Assembly. The state’s accumulated deficit remains significant, and in all likelihood will be at least $8 billion by the end of FY2014. Despite increases for some aspects of the General Fund budget, net spending on services will be $173 million less in FY2014 than in FY2013. Meanwhile, as spending on service delivery continues to decline, the annual cost of debt service continues to grow—specifically the debt owed to the state’s five public pension systems.

Released September 24, 2007

This Report analyzes the basic public services Cook County provides and the revenue sources that fund them. The Report also examines the Cook County fiscal system to determine whether it has the ability to fund and sustain the level of public services it currently provides.

Released February 22, 2006

A drilldown on environmental policies and programs in the proposed FY2005 General Fund budget.

Released October 12, 2006

This Report examines the crisis conditions of affordable housing in Chicago and offers a way forward.

Released October 4, 2006

An overview of the Job Access and Reverse Commute program in Illinois and other funding sources for transportation-to-work initiatives. 

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