The governor gives his budget address Wednesday, but with a backlog of unpaid bills hovering above $9 billion, what will he propose to plug the hole?
Illinois is now rated as the least credit-worthy state in the nation. It seems increasingly likely that some form of state tax reform must be a part of any plan to address the state’s long-term fiscal woes. But what type of reform? State Rep. David McSweeney and State Rep. Christian Mitchell debate the merits of a progressive vs. a flat tax. View an infographic from Reboot Illinois for a nationwide overview on taxes.