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Tag: fiscal year

ANALYSIS: Report suggests state spending will soon outpace revenues once again

ANALYSIS: Report suggests state spending will soon outpace revenues once again

— April 7, 2023

SPRINGFIELD – While Illinois has recently experienced a prolonged stretch of good financial news, a new state fiscal forecast notes that if spending continues to grow at its recent…

  • ANALYSIS: State revenue projections increase again

    ANALYSIS: State revenue projections increase again

    — March 8, 2023

    SPRINGFIELD – With two months to go before the adjournment of Illinois’ spring legislative session, Gov. J.B. Pritzker’s state budgeting task may have gotten easier Tuesday. The…

  • Senate OKs Pritzker’s amendatory veto on budget to fix errors

    Senate OKs Pritzker’s amendatory veto on budget to fix errors

    — June 15, 2021

    SPRINGFIELD — The state Senate on Tuesday, June 15 approved a change to next year’s budget at the request of Gov. J.B. Pritzker to correct drafting errors in the measure that passed…

  • Forecast: State should see modest revenue growth in FY 2021

    Forecast: State should see modest revenue growth in FY 2021

    — March 10, 2020

    SPRINGFIELD — State revenue officials said March 5 that tax collections have been coming in about as expected so far this fiscal year, and they predict modest revenue growth in the…

  • State revenues increased in previous fiscal year

    State revenues increased in previous fiscal year

    — July 7, 2021

    SPRINGFIELD – Revenues flowing into state coffers surged in the fiscal year that ended June 30, spurred largely by an influx of federal funds, the delayed deadline for filing income…

  • Lawmakers, Pritzker administration spar over projected fiscal year revenues

    Lawmakers, Pritzker administration spar over projected fiscal year revenues

    — April 26, 2021

    SPRINGFIELD – Members of an Illinois Senate committee sparred with officials from Gov. J.B. Pritzker’s administration Friday, April 23 in a hearing on tax changes proposed by the…

  • Pritzker paints two budget pictures: One with graduated tax, one without

    Pritzker paints two budget pictures: One with graduated tax, one without

    — February 21, 2020

    SPRINGFIELD — Gov. J.B. Pritzker has tied his second-year state budget proposal to the unfinished marquee policy initiative of his first year — a constitutional amendment that allows…

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