New data shows how dependent Illinois is on income tax dollars – WGIL (Galesburg)

“Personal income taxes continue to represent the greatest portion of state budgets nationwide making up about a third of state revenue across the country at 33.1 percent,” said Page Forrest, senior associate with Pew’s Fiscal 50 team. Illinois is slightly higher at 34.6 percent. Forrest said a state could run into trouble if there is an economic downturn and people start losing jobs.
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
David F
1 year ago

Loosing or just leaving the state..

Old Joe
1 year ago

We’re really dependent on a Dem occupying the White House. It’s gonna be a while before we hear that old tune “Happy Days are Here Again.”

David F
1 year ago
Reply to  Old Joe

What pandemic is next?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE