The State of Illinois is anticipating a large increase in revenues from income tax rate increases approved in January and additional resources from borrowing to make its pension payment for the second year in a row. Even so, the Governor…
This news segment explores the effect that the proposed increase in State of Illinois income taxes may have on individuals and businesses. Civic Federation President Laurence Msall says the State’s plans will not make a dent in its deficit…
This article discusses efforts by legislators in Springfield to garner support for an increase in the State of Illinois’ income taxes. The Civic Federation says that if the State does not make major budget cuts between now and FY2015 when…
This editorial discusses the effect that an increase to the State of Illinois’ taxes may have on businesses. The Civic Federation says that if the State goes through its plan to borrow money to pay into its pension systems and pay off…
In this news segment about the State of Illinois’ plans to raise revenue through a tax increase, Civic Federation President Laurence Msall says that raising taxes without making budget cuts does not fix the State’s fiscal problems. Mr.…
This article discusses concerns in the bond market that the State of Illinois’ recent tax increase does not do enough to correct the State’s precarious finances. The Civic Federation says the bond market is especially concerned with…
This editorial about the recent State of Illinois income tax increase, which includes an annual cap on spending, mentions a Civic Federation suggestion that the State should spend less than the cap and only up to available revenues.
In this segment of the "Chicago Tonight" news program, Civic Federation President Laurence Msall participates in a roundtable discussion about the State of Illinois' passage of a large income tax increase package.
In discussions of the State of Illinois’ budget, no issue is more contentious—or more confusing—than recent spending trends. Simply stated, is Illinois spending more or less than it was two years ago?…
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation recently described how some State of Illinois pension bond proceeds…
