Just weeks before Gov. Pat Quinn is set to make his budget address, government watchdog group The Civic Federation releases a proposal it says will balance the state’s budget. The plan would pay down the state’s backlog, but would impose a tax on pension and social security income. Civic Federation President Laurence Msalland State Director for AARP Illinois Bob Gallo discuss how the proposal could affect retirees.

Read the full report hereand view the graphics below for more information.

Related Links:

State of Illinois FY2015 Budget Roadmap

Chicagoist: Civic Federation's Plan To Balance State Budget Sticks It To Retirees

Crain's Chicago Business: Civic Federation: Keep most of Illinois' 'temporary' income tax hike

Chicago Sun-Times: Watchdog group: State should reduce income tax but tax retirees

Progress Illinois: Civic Federation Releases State Budget Recommendations

Peoria Public Radio: Illinois retirees’ tax break in question amid recommendation

File Attachments:

FY2015 State of Illinois Budget Roadmap.pdf