Gov. JB Pritzker’s progressive tax proposal is dependent on approximately 175,000 taxpayers in the top 3 percent to make his proposed graduated income tax work, according to numbers released by the governor’s office Friday. Meanwhile, Fitch Ratings Inc. said Illinois’ general obligation bonds remain two notches above junk status ahead of a bond sale later this month, but was not as hopeful as another ratings agency had been last week about Illinois’ finances.
[Gov. JB Pritzker’s office]