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Darin LaHood
Quick Hit
by Ellyn Fortino
5:02pm
Thu Jan 16, 2014

State Report: Expiration Of Income Tax Hike Would Increase Budget Shortfalls, Bill Backlog

    A recent forecast from Gov. Pat Quinn's budget office shows that Illinois could face significant revenue losses and budget deficits in the coming years if the temporary income tax hike phases out, as it is scheduled to do January 1, 2015.