Reports

Analysis of the Enacted Illinois FY2012 Budget

Release: October 1, 2011

This Report provides an analysis of the FY2012 Enacted General Fund budget. Key findings are: Detail on how the tax increases passed in January averted a fiscal disaster in FY2012; over $388 million in cuts to human service programs; and despite the recent tax increases and spending cuts, the FY2012 budget proposes over $1 billion in spending for which there is no revenue, and is subject to an accumulated deficit of over $7 billion after accounting for unpaid bills left over from FY2011.

Taxing Retirement Income

Release: April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

Fact Sheet: HJRCA61 Constitutional Spending Limits

Release: January 4, 2011

This Fact Sheet provides an overview of House Joint Resolution Constitutional Amendment (HJRCA) 61.  HJRCA 61 was a proposed Constitutional Amendment that would limit growth in appropriations for General Fund spending to the average annual percentage increase in state per capita personal income over the most recent five calendar years.

State of Illinois FY2011 Budget Outlook

Release: November 13, 2010

This is a presentation of CTBA's analysis of the FY2011 General Fund budget.

Issue Brief: A Comparison of Major Illinois Tax Proposals

Release: September 30, 2010

This Issue Brief analyzes various 2010 tax proposals.

Pages