State Revenue

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 October 9, 2007

CTBA's written 2007 testimony on Senate Bill 572 to the House Mass Transit Committee

Released April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

Released August 25, 2006

2006 national comparison of total state and local revenue as a percentage of personal income. 

Released January 1, 2003

An overview of Public Act 93-30, which decoupled Illinois from the federal estate tax.

Released June 7, 2006

CTBA’s analysis of the 2006 proposed sale or lease of the State of Illinois Lottery to generate revenue for funding K-12 education.

Released January 31, 2007

An overview and chart of revenue options for Illinois.

Released July 16, 2007

An overview and charts of the potential revenue options for Illinois, and what that revenue could be used for.

Released July 2, 2009

This Issue Brief explains why increased revenue is needed to address Illinois' budget deficits.

Released September 30, 2010

This Issue Brief analyzes various 2010 tax proposals.

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