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Moody’s says graduated income tax would pose opportunities and risks Moody’s says graduated income tax would pose opportunities and risks

Moody’s says graduated income tax would pose opportunities and risks

One of the nation’s leading credit rating agencies said Monday adopting a graduated income tax system in Illinois probably would provide some much-needed revenue, but whether state’s credit rating would be improved depends on how the state uses the new money.

Madigan: Pritzker revenue plan being ‘ratcheted down’ by lawmakers Madigan: Pritzker revenue plan being ‘ratcheted down’ by lawmakers

Madigan: Pritzker revenue plan being ‘ratcheted down’ by lawmakers

In a visit with the Public Affairs Reporting program class at the University of Illinois Springfield today, House Speaker Michael Madigan said legislative committees in control of budget appropriations have taken Gov. J.B. Pritzker’s proposed levels of spending in next year’s budget and “ratcheted them down" in case measures supporting that spending do not pass. 

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