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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.

Lawmakers, university officials warn of higher ed cuts without new revenue Lawmakers, university officials warn of higher ed cuts without new revenue

Lawmakers, university officials warn of higher ed cuts without new revenue

Democrats in the Illinois House, along with officials from each of the state’s public universities, warned Wednesday that unless the state finds new sources of revenue, there likely will have to be funding cuts to higher education in the upcoming budget year. “... As we go through the budget, we learn that the revenue to meet (the fiscal year 2019) level is not there," one...
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