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2 months ago

“And whether voters approve an amendment to the state constitution in November allowing for a graduated income tax system could have an impact, Moody’s said. The graduated system pushed by Pritzker “would add some revenue volatility but would greatly improve flexibility to respond to pension contribution and other spending needs as well as shifting economic conditions,” Moody’s analysts wrote. “Rejection of the amendment probably will force the state to consider other alternatives, such as aggressive spending reductions, an increase in the existing flat income tax rate or application of the state sales taxes to services.”” WOW, this is amazing, it’s… Read more »