civic federation

Property tax rebates
7:58 pm
Fri May 16, 2014

Civic Federation: Property Tax Rebates Inefficient

Credit Brian Mackey/WUIS

  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.

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.

It's coupled with a $500 property tax rebate for every homeowner in Illinois.

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Taxing retirement income
6:54 pm
Mon March 3, 2014

Civic Federation Calls For Taxing Retirement Income

  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.

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.

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Statehouse
7:17 am
Mon March 3, 2014

Civic Federation Has Plan To Balance Illinois Budget

Credit Civic Federation

The Civic Federation is releasing a new proposal it says will balance Illinois' budget, eliminate its bill backlog and reduce taxes.  

The plan includes capping spending to help the state pay off its $5.4 billion backlog of unpaid bills over the next five years.  

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.  

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