Despite finding favor among some politicians and political candidates in Illinois, states with a progressive income tax are more vulnerable during recessions than flat-tax states.

Lawmakers voted to approve the 1,245-page budget less than 24 hours after it was revealed to the public.

State senators voted to approve the 1,245-page budget just hours after it was made public.

Even after a 32 percent income tax hike, the Illinois General Assembly passed a state budget in 2017 that will generate an estimated $1.5 billion deficit in fiscal year 2018. That deficit is projected to grow to $2.15 billion in fiscal year 2019, according to the Governor’s Office of Management and Budget, or GOMB. The...

Delivered on Jan. 31, 2018.

School funding is locked up due to the current fight in Springfield over the state’s new education funding formula and the bailout of Chicago Public Schools it contains.

Illinois’ high cigarette tax is a flighty source of revenue with unintended consequences.

Illinois’ bond rating may not be junk, but the state’s finances still are.