12.14.20
The Civic Federation is examining the fiscal impact of the COVID-19 pandemic on the State of Illinois and its local governments. The following are blog posts and other items covering various...
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05.04.20
UPDATE : On May 5, Illinois delayed the planned sale of $1.2 billion of...
04.15.20
The $2.2 trillion economic relief legislation passed by Congress in late March contains significant new funding for States and large local governments. Exactly how the money will be split appears to have caused...
04.13.20
Like most states that levy income taxes, Illinois has followed the federal government in extending the...
04.03.20
States are currently facing monumental fiscal challenges posed by the economic and revenue impacts of the coronavirus pandemic. However, their ability to use fiscal policies to address these challenges is quite limited due to structural and capacity issues. Only the federal government has the...
03.27.20
This blog post presents information about the different types of individual income taxes imposed by state governments in the United States.
In 2020 forty-one states levied individual income taxes. States currently use flat rate or graduated rate models for their individual income tax...
03.24.20
03.13.20
As Illinois voters head to the polls for next week’s Presidential primary, this blog post looks at another major choice that will be on the general election ballot in November: whether to replace the State’s flat-rate income tax with a graduated rate structure. The post reviews the proposed new...
01.24.20
More than 50 years after Illinois began taxing residents’ income, voters in 2020 will decide whether the structure of the income tax should undergo a major change. The issue is highly controversial, and the decision will have a long-lasting impact on the State’s finances.
Since Illinois...
12.19.19
UPDATE: The Cook County Board passed ordinance 20-0658 , imposing a 3% cannabis retailers’ occupation...