Flash Index Shows Rising Tax Receipts in Illinois

Flash index shows rising tax receipts in Illinois – Center Square

Fred Giertz, emeritus professor of economics at the University of Illinois Urbana-Champaign, said the increase comes during a long-term period of gradual decline. “Now, decline doesn't mean the economy is getting worse. It means that the economy is not going ahead as fast as it otherwise would. So where we are right now is a period of modest growth, but slower than we have been the last several years,” he said.

Flash index shows rising tax receipts in Illinois - Regional Media News

(The Center Square) - Illinois income tax and sales tax receipts are up for the fiscal year that ended on June 30. The Illinois Flash Economic Index based on major Illinois tax revenues rose from 101.1 in May to 101.4 for June, with numbers more than 100 reflecting growth. Fred Giertz, emeritus professor of economics at the University of Illinois Urbana-Champaign, said the increase comes during a long-term period of gradual decline. "Now, declin…

Flash index shows rising tax receipts in Illinois

(The Center Square) – Illinois income tax and sales tax receipts are up for the fiscal year that ended on June 30.

Illinois Flash Index rises

The change is a modest rebound from a year-long downturn.