Civic Federation Releases Budget Roadmap
The analysis of the State of Illinois’ fiscal condition comes before the release of Governor Pat Quinn's annual budget recommendation.
The report reviews Quinn’s three-year budget projection and proposes its own five-year plan. The Civic Federation’s proposal would pay down the state’s $5.4 billion backlog of unpaid bills while gradually reducing income tax rates by 20%.
Among the ideas, the report calls for taxing pension and social security income.