Experts: Higher Taxes, Budget Cuts Likely After Graduated Tax Amendment Fails

Experts say higher taxes and budget cuts are likely after the failure of the proposed graduated income tax amendment.  The ballot measure was defeated by about ten percentage points Tuesday.  Members of Governor J.B. Pritzker’s administration warned voters before election day that higher taxes were all but guaranteed if the amendment didn’t pass.  Illinois was in a budget crisis even before COVID-19 took hold in the state.