![]() They contend Democrats overspent and skipped pension payments in the past two decades and contributed to a two-year budget stalemate that put Illinois so deep in the hole. Opponents describe the tax plan as a “blank check.” They say there’s nothing in the amendment that requires fiscal restraint. ![]() The budget that took effect in July left a $5 billion gap, with lawmakers still hoping for a second federal-relief package to fill it. Past-due bills total $7.7 billion and there’s a $140 million shortfall in what’s necessary to cover promised pensions to state employees. He’s promised to use it to fix Illinois’ finances. The change would generate an extra $3.4 billion in revenue, Pritzker says. Raising one rate on all taxpayers is more difficult than hitting just one bracket, they say. But critics say the new structure would make it easier for lawmakers to tinker with different brackets. They can do that now, and just did, by 33%, in 2017. All rights reserved.Opponents point out that the rates wouldn’t be enshrined in the constitution, allowing lawmakers to increase taxes at any time. For the proposed amendment of Section 3 of Article IX of the Illinois Constitution.”Ī “yes” vote supports repealing the current requirement of a flat rate and allow the state to create legislation for a graduated income tax rate.Ī “no” vote opposes the amendment, leaving the requirement that state personal income tax be a flat rate.Ĭopyright 2020 KFVS. ![]() Your are asked to decide whether the proposed amendment should become a part of the Illinois Constitution. It gives the State the ability to impose higher tax rates on those with higher income levels and lower income tax rates on those with middle or lower income levels. The amendment does not itself change tax rates. The amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the ‘flat tax,' that requires all taxes on income to be at the same rate. “The proposed amendment grants the state authority to impose higher income tax rates on higher income levels, which is how the federal government and a majority of other states do it. ![]()
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