Monday, November 23, 2020

Without graduated income tax, Illinois state universities brace for ‘almost inevitable’ budget cuts ‘because there’s just nothing left - ELYSSA CHERNEY, CHICAGO TRIBUNE

In Gov. J.B. Pritzker’s first remarks after voters rejected his administration’s signature proposal for a graduated-rate income tax in Illinois, the first-term Democrat singled out higher education as one of the many state-supported areas that could lose funding as lawmakers try to balance the next budget. With no new sources of revenue and an expected drop in gains from sales tax during the coronavirus pandemic, Pritzker warned that he is left with few favorable options.

https://www.chicagotribune.com/news/ct-ilinois-higher-education-graduated-income-tax-20201112-h3nurmlqlra7hkuuneqlr4eqwe-story.html