Illinois was known as a high-tax state for years, and Governor Pat Quinn made a bad situation worse last year when he hiked the personal income tax to 5 percent and the corporate income tax to 7 percent.

FORBES: It's Not Just The Feds, The States Face Their Own Fiscal Cliffs, Too

The pat answer if it sounds too good to be true, it probably is isn't bad advice, but isn't always enough.

FORBES: What Works?

The pat answer-if it sounds too good to be true, it probably is-isn't bad advice, but isn't always enough.

FORBES: What works?