vimarsana.com

Page 3 - கவர்னர் அலுவலகம் ஆஃப் மேலாண்மை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Illinois revenues surged in previous fiscal year

SPRINGFIELD — Revenues flowing into state coffers surged in the fiscal year that ended June 30, spurred largely by an influx of federal funds, the delayed deadline for filing income tax returns last year and an economic recovery that boosted income and sales tax collections beyond what had been estimated. A report from the Commission on Government Forecasting and Accountability, a legislative agency that monitors the budget and state revenues, showed base receipts to the General Revenue Fund jumped nearly $6.8 billion, or 17.8 percent, during the fiscal year, fueled by big increases in personal and corporate income taxes and retail sales taxes. That growth does not include money the state borrowed from the Federal Reserve last year or any of the money the state routinely borrows on a short-term basis from other state funds.

State revenues surged in previous fiscal year

State revenues surged in previous fiscal year Peter Hancock Capitol News Illinois July 7, 2021 FacebookTwitterEmail SPRINGFIELD Revenues flowing into state coffers surged in the fiscal year that ended June 30, spurred largely by an influx of federal funds, the delayed deadline for filing income tax returns last year and an economic recovery that boosted income and sales tax collections beyond what had been estimated. A report from the Commission on Government Forecasting and Accountability, a legislative agency that monitors the budget and state revenues, showed base receipts to the General Revenue Fund jumped nearly $6.8 billion, or 17.8 percent, during the fiscal year, fueled by big increases in personal and corporate income taxes and retail sales taxes.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.