Illinois Comptroller Judy Baar Topinka is warning of “a $2 billion collapse” next year when the state’s temporary income tax increase begins to roll back. The Republican seeking re-election made stops in Quincy and Jacksonville on Tuesday.
Gov. Pat Quinn has pushed for extending the increase, but the idea has been unpopular.
Topinka likens the decrease to a “heart attack” to state finances. She says she’d rather see it phased out over two years to give lawmakers time to cut spending.