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Budget & Tax Policy |
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CTBA
Issues New Issue Briefs:
CTBA
released the following issue briefs in
January:
Issue Brief on
the Illinois Structural Deficit
examines the 2008 Illinois deficit,
the affect of the required state
retirement system payments on the
deficit and the affect of the
structural deficit on the state's
ability to meet demands for public
services.
Issue Brief:
Tax Fairness in Illinois
examines why taxation in
Illinois is unfair. Although low to
middle income residents of Illinois
have seen their incomes decline on
an inflation adjusted basis over the
past 25 years, they pay more of a
percentage of their incomes in taxes
than the wealthy. This issue brief
analyzes the regressive nature of
the Illinois tax system, how it
worsens income inequality, the
impact of regressive taxation on the
economy and what the state should do
to fix the problem.
For more information on the budget and
revenue process contact Chrissy Mancini,
director of budget and policy analysis, at
cmancini@ctbaonline.org
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Education Update |
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ISBE and NIU Announce 2007 Illinois
Honor Roll; Nearly 1,200 Schools Singled Out
for Academic Excellence
Annual list
recognizes continued academic achievement;
97 schools on the list fourth & fifth
consecutive year
The Illinois State Board of Education (ISBE)
and Northern Illinois University (NIU)
announced that 1,177 schools made the
Illinois Honor Roll and are being recognized
for their continued academic progress. The
2007 honor roll includes 97 schools that are
being recognized for the fourth or fifth
consecutive year. All of these outstanding
schools are being honored for their
accomplishments in making progress toward or
maintaining academic excellence.
NIU Outreach worked with the ISBE to establish
criteria, identify winners of the awards, and
administer the Illinois Honor Roll, which is
divided into three recognition categories -
Spotlight Schools; Academic Excellence and
Academic Improvement. Each award has unique
criteria that best reflects the diverse
circumstances of Illinois schools.
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Spotlight Schools - Recognizes 508 high
poverty, high performing schools that
are beating the odds to overcoming the
"achievement gap."
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Academic Excellence Awards - 166 schools
have sustained high performance over at
least three years.
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Academic Improvement Awards - 607
schools are showing substantial gains
over three years.
The 2007 honor roll roster includes elementary,
middle and high schools and represents 382
school districts statewide. A number of
districts have multiple schools named to the
Honor Roll, including: City of Chicago 299, 279
schools; Elgin U-46, 32 schools; Springfield
District 186, 19 schools; Rockford School
District 205, 18 schools; Decatur District 61,
15 schools; Waukegan Community Unit School
District 60, 14 schools; Joliet Public School
District 86, 13 schools; Peoria District 150, 11
schools; West Aurora School District 129, 10
schools; and East Aurora District 131, 10
schools.
Other 2007 Illinois Honor Roll facts:
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At all of the 607 Academic Improvement Award
schools, the number of students meeting or
exceeding standards increased by at least
7.5 percent over one year or 15 percent over
two years.
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In 2007, 29 schools won the Academic
Improvement Award for a third time, and 223
schools won the award in both 2006 and 2007.
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40 Spotlight schools earned the distinction
for a fourth time.
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42 Academic Excellence schools sustained
their long-term high achievement and won a
fourth award in 2007. 46 schools are being
recognized for the third time (2005-2007)
and 29 for the second time (2006-2007).
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30 Academic Improvement Award schools raised
scores by more than 30 percentage points
over two years.
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71 Academic Excellence elementary schools
showed increases in scores over last year,
even though they started at a baseline above
90 percent of students meeting or exceeding
standards.
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83 percent of Illinois Honor Roll schools
made Adequate Yearly Progress (AYP), as
defined by the federal No Child Left Behind
legislation, thus ensuring that all students
increased their academic knowledge and
skills.
A complete listing of the 2007 Illinois
Honor Roll Schools can be found online at
the Illinois Interactive
Report Card |
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State Spending |
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New
Report from the Comptroller's Office
Analyzes State Spending
A closer look
indicated that personal services spending
out of the General Funds declined, but
personal services spending from other funds,
particularly the Road Fund, increased. The
Comptroller remarked that personnel services
are one of the largest, but slowest
growing, area of operations spending.
Included in personnel
services for state employees (including
elected officials and judges) are the
following categories:
- Wages
- Social Security
(Only 22% of state employees are eligible
for Social Security benefits).
- Retirement
- Health Benefits
- Equipment
- Telecommunications
- Auto Equipment
- Electronic Data
Processing
- Travel
- Printing
- Commodities
(paper, pens, etc.)
- Contractual
Services
- Lump Sum Payments
Health Care Costs
The fastest growing
area of operations spending is for health care.
Illinois state government, like most other
public and private entities, has realized
substantial increases in medical costs. Since
Fiscal Year 2002, the state has seen an increase
of 56.4% or almost $500 million in group
insurance spending.
To reach the Comptroller's
Office please contact (217) 782-6000 in
Springfield, (312) 814-2451 in Chicago, or via
the web site at
www.ioc.state.il.us. |
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Business Taxes
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Franchise Tax and License Fee
Amnesty Act of 2007
Feb. 1, 2008 - March
17, 2008
The
Corporate Business Tax Amnesty Program was
authorized by the Illinois State Legislature in
Public Act 95-233 entitled, "Franchise Tax and
License Fee Amnesty Act of 2007." Amnesty will:
Provide
forgiveness of all accrued penalty and interest
fees due for past delinquencies upon payment of
franchise taxes, license fees, and filing fees
currently due.
Eliminate any civil or criminal prosecution.
Eligibility
All corporate businesses owing past due
franchise tax or license fees to the State of
Illinois are eligible.
Limited Liability Companies, Limited
Partnerships, Limited Liability Partnerships,
and not-for-profit corporations are not eligible
for this program.
Amnesty shall not be granted to taxpayers who
are a party to any criminal investigation or to
any civil or criminal litigation that is pending
in any circuit court or appellate court or the
Supreme Court of this State for nonpayment,
delinquency, or fraud in relation to any
franchise tax or license fee imposed by Article
XV of the Business Corporation Act of 1983 (805
ILCS 8/5-10).
Filing period
The
amnesty program filing period begins Feb. 1,
2008 and continues through the close of business
March 17, 2008.
The
Department of Business Services in the Office of
the Secretary of State must receive all Amnesty
Petition forms, associated tax forms and
payments before 5 p.m., March 17, 2008.
Overview
Regardless of size, all business in
Illinois must file annual reports
and pay and $75 filing fee each
year. Additionally, businesses pay
a franchise tax, which ranges from
$25 (for 94% of all businesses) to
$2 million for large companies.
About 30,000 companies have failed
to pay these fees.
*Information is available online,
www.cyberdriveillinois.com, or by
contacting the business services office
of the secretary of state, 782-6961 in
Springfield, or (312) 793-3380 in
Chicago.
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Calendar of Events |
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WHAT?
Making the Connection: Public Benefits and
Single Adults & Public Benefits for Youths
up to 21
WHEN?
March 5,
2008
WHERE?
Naperville, IL
Presented by the DuPage Federation on Human
Services
Register Here
WHAT?
Making the Connection: Mental Health and
Public Benefits & Understanding Spenddown
WHEN? March
6, 2008
WHERE?Naperville,
IL
Presented by the DuPage Federation on Human
Services
Register Here
WHAT?
Understanding Appeals & Domestic Violence
and Public Benefits
WHEN?
March
18, 2008
WHERE?Naperville,
IL
Presented by the DuPage Federation on Human
Services
Register Here
WHAT?
Center for Tax and
Budget Accountability and the Paul Simon
Institute at Southern Illinois
University Annual Downstate Symposium
WHEN?
April 23,
2008
Details to Follow
WHAT?
Immigrants and Public Benefits & Putting the
Pieces Together
WHEN?
March 19,
2008
WHERE?Naperville,
IL
Presented by the DuPage Federation on Human
Services
Register Here
WHAT?
Making the Connection Basic Training
WHEN?
Tuesday, June 10, 2008
WHERE?
Naperville, IL
Presented by the DuPage Federation on Human
Services the session contains practical
information in an easy to understand format
regarding many programs available to assist
low income persons.
Register Here
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Do you have something to share in the
Weekly Review?
Please email Chrissy Mancini
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