Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...View Report
The Decatur City Council moved to stop paying $20,000 to sponsor a golf tournament with the village of Forsyth, a sensible move for a shrinking city operating on a budget deficit.
A new report would have Illinoisans believe that a progressive income tax means tax cuts and economic growth. Illinois lawmakers’ tax-and-spend tendencies and evidence from all 50 states say otherwise.
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
Illinois has been ranked third-to-last for business friendliness in three straight surveys of CEOs.
A new study highlights the gravity of Illinois' fiscal crisis.
States that dont have an income tax manage to stay out of the red, and many are even operating with budget surpluses. Texas, for example, currently foresees and $8.8 billion surplus over its current two-year budget cycle.