Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.
Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...
The Illinois General Assembly and governor devised 20 different ways to take more money from taxpayers to finance spending on government operations and infrastructure.
Between the push for a graduated income tax, his budget address and newly released capital plan, Gov. J.B. Pritzker has proposed an onslaught of backdoor tax hikes on all Illinoisans.
The upward march of Illinois’ core cost drivers – pensions and government worker health insurance – cannot be paid for by tax hikes on small groups. Without reform, tax hike proposals on all Illinoisans will continue flowing from the Statehouse.
Facing down a $3 billion deficit, Illinois Gov. J.B. Pritzker offered an unbalanced budget including more tax hikes, borrowing and spending. He claimed severe cuts were the only alternative, but another option exists.
Illinois Gov. J.B. Pritzker has said his first year deficit is $3.2 billion, but he intends to spend hundreds of millions more than planned under previous baseline budgeting.