State ends fiscal year with record revenue

State ends fiscal year with record revenue – Capitol News IL

“Whether this record will be surpassed in FY 2026 remains to be seen, though the FY 2026 enacted budget assumes revenues of $55.297 billion – nearly $1.3 billion above the FY 2025 final total,” Commission on Government Forecasting and Accountability Revenue Manger Eric Noggle wrote.

State ends fiscal year with record revenue

Final revenue numbers for FY25 were released on Wednesday, showing the state brought in more than $700 million of revenue than lawmakers originally budgeted for.

State ends fiscal year with record revenue - Chronicle Media

Despite uncertainty over the economy and federal funding during the second half of fiscal year 2025, the state’s fiscal year closed June 30 with the state setting a record for annual revenue. Numbers compiled by the independent Commission on Government Forecasting and Accountability show Illinois’ FY25 concluded with $54 billion in revenue, the most the... The post State ends fiscal year with record revenue appeared first on Chronicle Media.

State tax revenues beat yearly estimate by $248 million

Tax collections for the 2025 fiscal year ended up beating estimates by $248.6 million despite tax cuts enacted last year, a new report shows. The Kansas Legislature's research arm on Thursday released a report showing the state's revenue picture for the fiscal year that ended on June 30. The Department of Revenue, which customarily releases a similar type of report each month, had not made its numbers public as of Thursday. Tax receipts for fisc…

State of Illinois ends fiscal year with record revenue – Muddy River News

Article Summary: Illinois closed fiscal year 2025 with record $54 billion in revenue. While that marked a surplus from the enacted budget, the extra revenue was anticipated when lawmakers approved the current-year budget in May. It doesn’t give lawmakers any extra breathing room for an expected volatile fiscal year 2026. This summary was written by the reporters and editors who worked on this story.  Despite uncertainty over the economy and fed…

Oklahoma Sees Strong Revenue Rebound in June, Capping Fiscal Year 2025 with Growth - Oklahoma Farm Report

Oklahoma tax revenues rebounded in June after a seasonal May dip, with the latest monthly collections totaling $1.48 billion, a 15.1% increase over May and a 3.3% gain compared to June 2024. The growth closes out Fiscal Year 2025 on a strong note, signaling a resilient economic base as Oklahoma enters the new fiscal year. Total collections over the past 12 months reached $16.92 billion, a 0.2% increase over the previous 12-month period, indicati…