Illinois cities could face another cut to share of income taxes – Rockford Register Star

Illinois cities could face another cut to share of income taxes – Rockford Register Star

Rockford Mayor Tom McNamara has argued for years that the state has "stolen" the city's share of income taxes as it mandates huge pension cost increases. In dollars and cents, Rockford officials place the funding loss from a 2011 reduction of about 3.5 percentage points at about $143.5 million, or roughly $9.5 million a year.