civic federation http://wuis.org en Civic Federation: Property Tax Rebates Inefficient http://wuis.org/post/civic-federation-property-tax-rebates-inefficient <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Taxes have been in the spotlight at the state Capitol this spring, most visibly the fate of the state's income tax rates. But another tax plan, floated by Governor Pat Quinn, is also attracting ire of Republicans and economists alike.</p><p></p><p><span style="line-height: 1.5;">Governor Quinn's plan for the Illinois budget calls for extending the state's 5-percent income tax rate, instead of allowing it roll back.</span></p><p>It's coupled with a $500 property tax rebate for every homeowner in Illinois.</p> Sat, 17 May 2014 00:58:45 +0000 Hannah Meisel 25311 at http://wuis.org Civic Federation: Property Tax Rebates Inefficient Civic Federation Calls For Taxing Retirement Income http://wuis.org/post/civic-federation-calls-taxing-retirement-income <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>As more baby-boomers retire, Illinois is increasingly missing out on a revenue source. Of the 41 states with an income tax, Illinois is one of only three that exempt all pension income.</p><p></p><p><span style="line-height: 1.5;">A new report from the Chicago-based Civic Federation says Illinois needs to take a longer-term approach to budgeting; one that is rooted less in politics, and more in reality. Most notably. the group recommends Illinois extend its current income tax rate for a year before gradually rolling it back.</span></p> Tue, 04 Mar 2014 00:54:11 +0000 Amanda Vinicky 20115 at http://wuis.org Civic Federation Calls For Taxing Retirement Income Civic Federation Has Plan To Balance Illinois Budget http://wuis.org/post/civic-federation-has-plan-balance-illinois-budget <p>The Civic Federation is releasing a new proposal it says will balance Illinois' budget, eliminate its bill backlog and reduce taxes. &nbsp;</p><p>The plan includes capping spending to help the state pay off its $5.4 billion backlog of unpaid bills over the next five years. &nbsp;</p><p>It also would extend the state's temporary income tax increase by a year before reducing tax rates gradually, and calls for taxing pension and social security income. &nbsp;</p> Mon, 03 Mar 2014 13:17:27 +0000 Bill Wheelhouse & Associated Press 20065 at http://wuis.org Civic Federation Has Plan To Balance Illinois Budget