Issues: Income Tax
Local governments in Illinois are prohibited from levying an income tax and the State of Illinois can only levy a flat tax, according to the state constitution. Read about recent income tax increase and reform proposals here.
Recent Research
-
11.03.11
Cook County FY2012 Executive Budget Recommendation: Analysis and Recommendations
The Civic Federation supports the Cook County FY2012 Executive Budget Recommendation totaling $2.9 billion. Cook County Board President Toni Preckwinkle’s proposed $2.2 billion General Fund budget is a 4.6%, or $107.4 million, decrease from the FY2011 adopted budget. The budget closes a $315.2 million shortfall with $219 million in spending cuts, $53 million in revenue enhancements and over 1,000 layoffs. The County administration also appears to be on a path towards significant reform of governmental operations, as recommended by the Civic Federation in its Cook County Modernization report.
-
05.12.08
State of Illinois FY2009 Recommended Operating Budget: Analysis and Recommendations
The Civic Federation opposes the unaffordable program expansions and long-term borrowing proposed in the FY2009 State budget recommendation, but supports the proposed 3% cut from non-priority agencies and other efforts to streamline and modernize state government. The Federation again strongly urges the General Assembly to implement pension benefit reforms.
-
05.07.07
State of Illinois FY2008 Recommended Operating Budget: Analysis and Recommendations
The Civic Federation opposes the massive expansion of health care and long-term borrowing proposed in the FY2008 State budget recommendation, but offers qualified support for sale/lease of the State lottery and for reasonable revenue enhancements to fund education and mass transit. The Federation also urges the General Assembly to implement pension benefit reforms.
Issue Briefs
Recent Commentary
There are currently no publications under this category.
Blog Entries
01.11.12
Unfunded Public Pension Liabilities per Chicagoan: $14,897
Data from the most recent audited financial statements of Illinois’ state and local government pension funds...
12.29.11
IIFS Blog Provided Timely Analysis of 2011 State of Illinois Fiscal Developments
In 2011 the IIFS blog provided weekly context, information and perspective on key fiscal issues in the State of...
08.31.11
Volatile PPRT Revenue Should Not Be Relied on for Local Government Operating Budgets
Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was...
06.17.11
Federal Tax Incentives Reduce State Corporate Tax Receipts
Despite a significant increase in Illinois’ corporate income tax rate enacted in January 2011, much of the...
177 N. State St., Suite 400, Chicago, Illinois 60601 | Phone: 312-201-9066 | Fax: 312-201-9041
Email: civicfed@civicfed.org | © Copyright 2011 The Civic Federation


