QUINCY - Illinois Comptroller Judy Baar Topinka (R) is warning of "a $2 billion collapse" next year when the state's temporary income tax increase begins to roll back.
At a campaign stop in Quincy, Topinka likened 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.
Democrat lawmakers approved a temporary income tax hike in 2011. But it's set to decrease from 5 percent to 3.75 percent in January 2015.
Gov. Pat Quinn (D) has pushed for extending the increase, but the idea has been unpopular among Illinoisans.