Published 1 year ago

Amid ‘unprecedented’ revenue boom, Illinois finds budget breathing room

Summary by Ground News

Illinois lawmakers have increased pension contributions by $500 million beyond required levels. Lawmakers have also paid off hundreds of millions of dollars in interest-accruing debt. The current-year expected surplus has been driven by the state's big three revenue sources. Gov. J.B. Pritzker attributed the strong revenue performance at least partially to conservative initial budgeting estimates.

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Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

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 precedent in a state with a reputation for perilous finances.

1 year ago

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Amid ‘unprecedented’ revenue boom, Illinois finds budget breathing room

Higher-than-predicted tax revenues have given Illinois lawmakers a level of budgeting flexibility that is, at least in modern times, without precedent in a state with a reputation for perilous finances.

1 year ago·Cherokee County, United States

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River County News

Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

By JERRY NOWICKI | Capitol News Illinois Submitted graphicThe graphic depicts the rise of state income tax revenue since the COVID-19 pandemic based on data from the Commission on Government Forecasting and Accountability. (Capitol News Illinois Illustration and photo by Jerry Nowicki) 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, witho…

1 year ago·Hardin, United States

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Amid ‘unprecedented’ revenue boom, Illinois finds budget breathing room

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Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

Amid ‘unprecedented’ revenue boom, Illinois finds budget breathing room

Amid ‘unprecedented’ revenue boom, Illinois finds budget breathing room

Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

Amid ‘unprecedented’ prolonged revenue boom, state finds budget breathing room

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