Illinois' revenue projections improve as economic uncertainty grows

State revenue projections improve, economic uncertainty

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com The General Assembly’s independent forecasting commission has improved revenue projections for the upcoming fiscal year despite growing economic volatility. That’s good news for state lawmakers who are in the final weeks of crafting the fiscal year 2026 budget set to take effect July 1. But the Commission on Government Forecasting...

Illinois' revenue projections improve as economic uncertainty grows

Despite growing economic volatility, Illinois lawmakers' independent forecasting commission has improved revenue projections for the upcoming fiscal year.

State revenue projections improve as economic uncertainty grows – Capitol News IL

The Commission on Government Forecasting and Accountability’s latest update now projects $54.5 billion in revenue in FY26 – $266 million more than the commission’s March projection, but still $471 million below the governor’s February projection for baseline revenues.

State revenue projections improve as economic uncertainty grows - The Times Weekly

But legislature’s revenue estimate remains below Pritzker’s February proposalThe General Assembly’s independent forecasting commission has improved revenue projections for the upcoming fiscal year despite growing economic volatility.That’s good news for state lawmakers who are in the final weeks of crafting the fiscal year 2026 budget set to take effect July 1. But the Commission on Government Forecasting and Accountability’s upward revision to …

State revenue projections improve as economic uncertainty grows - Mahomet Daily

by Ben Szalinski, Capitol News Illinois May 5, 2025 SPRINGFIELD — The General Assembly’s independent forecasting commission has improved revenue projections for the upcoming fiscal year despite growing economic volatility. That’s good news for state lawmakers who are in the final weeks of crafting the fiscal year 2026 budget set to take effect July 1. But the Commission on Government Forecasting and Accountability’s upward revision to its revenu…

State revenue projections improve as economic uncertainty grows – Muddy River News

SPRINGFIELD — The General Assembly’s independent forecasting commission has improved revenue projections for the upcoming fiscal year despite growing economic volatility. That’s good news for state lawmakers who are in the final weeks of crafting the fiscal year 2026 budget set to take effect July 1. But the Commission on Government Forecasting and Accountability’s upward revision to its revenue forecast remains significantly more conservative t…