If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
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.