SPRINGFIELD – Backers of a graduated income tax constitutional amendment conceded defeat Wednesday for Gov. J.B. Pritzker’s marquee policy proposal which was projected to bring in more than $3 billion annually to state coffers. With 98 percent of precincts reporting, voters had rejected the amendment by a 55 percent to 45 percent margin. The Associated … Continue reading Governor says ‘there will be cuts’ following tax amendment loss