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Beware the Quick Fix – Bet on Comprehensive Tax Reform

As the Illinois General Assembly’s fall veto session approaches and the Illinois economy remains stagnant, the state remains bound in a fiscal straitjacket. Legislators’ record-overtime spring session resulted in across-the-board cuts to help resolve a Fiscal Year 2005 budget deficit in the billions of dollars, and one-time revenue fixes mean that much of the deficit will require resolution again when Fiscal Year 2006 budget talks begin. Lawmakers have yet to approve a capital budget for this fiscal year. Download and read full report

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