Budget + Tax

The Method Behind Budget Solutions 2012

The Method Behind Budget Solutions 2012

Budget Solutions 2012 is a balanced budget proposal that does not require budget gimmicks, tax increases or borrowing. It is an exercise in priority setting. The truth is that tax dollars cannot support state government at its current size.

Budget Solutions 2012: A Sustainable Path for Illinois

Budget Solutions 2012: A Sustainable Path for Illinois

Budget Solutions 2012 is an alternative budget that does not rely on the state’s recent tax hikes as a revenue source, does not include borrowing and has positive cash flow for fiscal year 2012.

The Public vs. Private Pay Disparity

The Public vs. Private Pay Disparity

Last night the Institute's John O'Hara was on Beyond the Beltway where he discussed the disparity between pay for public and private workers.

What He Really Meant Pt. 4

What He Really Meant Pt. 4

Two weeks ago the Governor made his budget address, here is what he really said.

What He Really Meant Pt. 3

What He Really Meant Pt. 3

Two weeks ago the Governor made his budget address, here is what he really said.

Wanted: A Balanced Budget

Wanted: A Balanced Budget

Today the House Revenue Committee passed a proposal that will lower the FY12 revenue estimates by $759 million

What He Really Meant Pt. 2

What He Really Meant Pt. 2

Two weeks ago the Governor made his budget address, here is what he really meant.

Money in Politics and the New Class Warfare

Money in Politics and the New Class Warfare

While most other states in the union are tackling public employee pensions, cutting taxes and razing roadblocks to prosperity, Illinois remains the last bastion of fiscal foolishness.

What He Really Meant Pt. 1

What He Really Meant Pt. 1

Two weeks ago the Governor made his budget address, here is what he really said.

A Tale of Two Speeches

A Tale of Two Speeches

Madison and Springfield less than 300 miles apart, yet they couldn't be more different in their approaches to governing.

Know Your Income, Then Budget: The People of Illinois Deserve a Balanced State Budget They Can Afford

Know Your Income, Then Budget: The People of Illinois Deserve a Balanced State Budget They Can Afford

An honest budgeting process requires some idea of long-term revenue expectations. In the aftermath of record tax hikes passed earlier this year, one has to ask: will state lawmakers respect the sacrifices taxpayers are making and budget responsibly? Three separate state entities—the Governor’s Office of Management and Budget, Office of the Comptroller and the legislative...

By Collin Hitt

Cutting the Home Budget to Pay for Higher Taxes

Cutting the Home Budget to Pay for Higher Taxes

The tax increases signed into law this month by Illinois Gov. Pat Quinn will cost most Illinois households $1,000 – equivalent to one or more weeks’ pay. How many families can afford to miss a paycheck? According to the U.S. Census Bureau, the average family living in the Midwest earns just under $60,000 annually and consists...

By Collin Hitt