Civic Federation Hates On Quinn's Budget
AP Photo/Gerald Herbert
Other issues the IIFS opposes are the borrowing to pay pensions, and the expansion and re-authorization of the capital budget, including Quinn's recently enacted $26 billion Illinois Jobs Now! program which did not follow a "comprehensive capital improvement plan." It wasn't all doom and gloom, however -- the IIFS did praise Quinn for reducing state appropriations by $1.5 billion, as well as recent state employee pension and health insurance reforms.
The IIFS has previously expressed support for an income tax increase from 3% to 4% to help get Illinois out of its fiscal rut, but only if the state cut expenditures by $2.5 billion, and eliminated cuts to elementary and secondary education and reductions in the Medicaid program. A previous income tax hike failed to pass the Illinois House last year.
