As I write this, Gov. JB Pritzker is preparing to give his annual budget address. It’s an unenviable task. Earlier this month, the Governor’s Office of Management and Budget released a report showing federal tax cuts caused a $587 million reduction in state revenues this fiscal year. The governor announced last month that he was […]
Kwame Raoul
Posted inNews
Time to graduate?
Illinois grapples with another round of difficult budget cuts, some lawmakers want to eliminate the state’s constitutional flat-rate income tax requirement, opening the door for what some experts call a more equitable and lucrative graduated income tax. Illinois currently has a 5 percent individual income tax for all taxpayers, regardless of income. But a pair […]
