Page 2 - Eric Noggle News Today

Your source for news and information in West Central Illinois. WLDS/WEAI Radio in Jacksonville, Illinois.

The people with the sharp pencils are bringing into focus how much money Illinois is bringing in for the fiscal year ending June 30. And it’s a little more than earlier believed.

$52.6B now, FY 25 "a little bit of a challenge

Legislature’s revenue estimate closely mirrors governor’s proposed spending plan.

“Lackluster” performances by Illinois’ three major sources of revenue contributed to a nearly $700 million decline in January as compared to the same month a year ago, according to state

Illinois’ current state budget picture continues to shine, largely on the basis of strong growth in state income-tax revenue.

The state’s economy isn’t booming, but it’s doing well enough to reassure Gov. J.B. Pritzker and other state officials that finances remain in good shape.

Illinois’ revenue numbers can ebb and flow like the tide, and that’s been the case during the first two months of the 2023-24 fiscal year.

Chicken Little has issued regular warnings of an impending economic recession, but it’s yet to happen.

Chicken Little has issued regular warnings of an impending economic recession, but it’s yet to happen.