Office of Management and Budget Archives

State finds breathing room amid ‘unprecedented’ prolonged revenue boom

— January 31, 2023

SPRINGFIELD – Sustained higher-than-predicted state tax revenues have in recent months given lawmakers a level of budgeting flexibility that is, at least in modern times, without…

State’s revenue picture improves as economy recovers
— May 14, 2021

SPRINGFIELD – Illinois budget officials said Thursday, May 13 that revenues are flowing into state coffers at a faster pace than previously estimated, meaning lawmakers will have…
Tax amnesty program nets more than $60 million more than expected
— February 8, 2020

SPRINGFIELD — A tax amnesty program created during the passage of last year’s state operating budget has brought in nearly $240 million — approximately $60 million more than was…

Forecasters project state faces long-term deficits
— November 17, 2020

SPRINGFIELD – A new report from the Governor’s Office of Management and Budget shows that without significant new revenue, spending cuts or a combination of both, the state…

Tag: Office of Management and Budget

State finds breathing room amid ‘unprecedented’ prolonged revenue boom

State’s revenue picture improves as economy recovers

Tax amnesty program nets more than $60 million more than expected

Forecasters project state faces long-term deficits

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