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flag Illinois lawmakers push for 2026 ballot vote on graduated income tax amid growing budget crisis.

flag Despite growing budget pressures, a graduated income tax remains politically unlikely in Illinois, though Democratic lawmakers are pushing to place a constitutional amendment on the 2026 ballot. flag Governor JB Pritzker supports the idea in principle but has not made it a legislative priority. flag A May 3 deadline looms for passing the necessary resolution, as the state faces a projected $2.2 billion deficit next year, rising to over $5 billion by 2031 due to federal policy changes. flag The 2020 referendum failed after a $60 million opposition campaign funded by billionaire Ken Griffin. flag Advocates say a graduated tax would reduce inequality and address long-term fiscal challenges, while critics remain concerned about economic competitiveness.

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