Governor’s office revises state revenue estimates
— May 12, 2023SPRINGFIELD – Gov. J.B. Pritzker said this week that the state remains “on a great trajectory from a fiscal perspective,” even as his office decreased its current-year revenue…
Tag: state revenue
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Latest forecast still shows enough revenue to fund Pritzker budget
— May 4, 2023SPRINGFIELD – The state’s Commission on Government Forecasting and Accountability has decreased its current-year budget forecast by $728 million, erasing much of a once-predicted…
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State finds breathing room amid ‘unprecedented’ prolonged revenue boom
— January 31, 2023SPRINGFIELD – 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…
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Mendoza urges automatic payments into ‘rainy day fund’
— March 10, 2022SPRINGFIELD – Illinois Comptroller Susana Mendoza is pushing legislation that would require the state to make automatic deposits into its so-called “rainy day fund” whenever certain…
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Lawmakers adopt $42.3 billion budget, say pension obligations met
— June 1, 2021SPRINGFIELD – Illinois lawmakers worked into the early hours of Tuesday morning to pass a $42.3 billion state budget plan for the upcoming fiscal year that Democrats say would fully…
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ANALYSIS: State revenue projections increase again
— March 8, 2023SPRINGFIELD – 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…
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State general revenues top $50 billion for first time
— July 7, 2022SPRINGFIELD – State tax revenues grew by $5.5 billion in the fiscal year that concluded on June 30, exceeding $50 billion for the first time in Illinois’ history, according to…
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State revenues $4.6 billion higher than initially projected
— February 24, 2022SPRINGFIELD – A House revenue committee on Thursday, Feb. 24 heard projections of an Illinois economy that is steadily moving back toward a level of pre-pandemic normalcy, which means…
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