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Report: Illinois State Revenue Drop Could Harm Homeless Prevention Efforts

By Ellyn Fortino

An expected drop in next year’s state revenue could spell trouble for an important Illinois homeless prevention program and other crucial supports if Springfield lawmakers fail to take action, advocates are warning.

The state’s 2011 temporary income tax increase is slated to sunset starting in January, resulting in a more than a $2 billion revenue decline in the current fiscal year, according to a new analysis by the Fiscal Policy Center at Voices for Illinois Children. In the next fiscal year, state revenue could fall by about $5.4 billion if the tax hike isn’t renewed, according to the group.

Read the full article online at Progress Illinois.

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