Press Detail

Illinois Governor Quinn Proposes Keeping Income-Tax Increase

Posted on March 27, 2014

Bloomberg

This article follows Governor Quinn’s FY2015 Budget Address and plan to make Illinois’ temporary income tax increase permanent to generate more State revenue. It cites the Civic Federation’s State of Illinois FY2015 Budget Roadmap, which recommended extending the current tax rate for one year before gradually reducing the rate by 20%.