Revenue Collapse
Report: Gutting Public Services to Balance the Budget Will Hurt Illinois Economy
Cutting services to balance the fiscal year 2016 budget instead of modernizing our outdated tax system will harm rather than boost Illinois’ economy now while undermining the very investments needed for a stronger economic future, like education, roads and bridges, health care, and public safety. To build a stronger economy, Illinois should not cut services but rather raise the revenue needed to maintain investments in the foundation of our future success and to encourage fuller participation in our economy.

In Focus

Choose-Revenue-Feature A new Fiscal Policy Center report shows that Governor Rauner and lawmakers have a broad range of revenue options to avoid harmful cuts. Devastating cuts to services are not inevitable: They are a choice. And, choosing to raise the resources necessary to invest in children, families, and communities is the best thing we can do to propel our state toward economic prosperity.
Chartbook cover This chartbook conveys the importance of investing in the well-being of our children and the families and communities in which they develop in order to build a stronger state now and in the future. It also makes the case for making tax and budget decisions today that shore-up instead of undermine these investments.

Fiscal Notes Blog

July 1, 2015
Along with more than 300 non-profit organizations and the Responsible Budget Coalition, Voices for Illinois Children urges Governor Rauner, Speaker Madigan, President Cullerton, Leader Durkin, Leader Radogno, and many other legislative and administrative leaders to pass a fair, adequate, and fully-funded budget for fiscal year 2016.…
June 19, 2015
In May, we released a report outlining a broad range of revenue options policymakers can choose to avoid cutting essential services that are key to a stronger economy such as education, health care, and public safety.…
June 17, 2015
Governor Rauner’s repeated claims that a cut to state income tax rates was essential to spurring Illinois’ economy holds up poorly against the experience of other tax-cutting states.…
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Recent FPC Publications

June 11, 2015
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