State ends fiscal year with nearly $5B cash on hand

State Ends Fiscal Year With Nearly $5B Cash On Hand

4 weeks from now

Jul 3, 2024  · The state ended fiscal year 2024 with about $4.7 billion cash on hand, or about 9 percent of the allocated spending for fiscal year 2025, which began July 1. That included a …

capitolnewsillinois.com

Pritzker Wants To Spend Record Amount But Needs $898M

4 weeks from now

Mar 1, 2024  · Pritzker wants to spend record amount but needs $898M in tax hikes to do it ... income reaches a certain level. Illinois’ earned ... upped 2024 revenue estimates by more than …

illinoispolicy.org

Illinois’ Record-high Budget Cost Residents, Businesses $1.1 Billion …

4 weeks from now

May 29, 2024  · Springfield, Ill. (May 28, 2024) – Today, Illinois lawmakers passed a record-high $53.1 billion fiscal spending plan for 2025, the largest in state history and more than Gov. J.B. …

illinoispolicy.org

Illinois Passes Record $53.1B Budget, Largest In History - MSN

4 weeks from now

According to a study published by the Illinois Economic Policy Institute, the tax credit would cost the state $1.1 billion and reduce childhood poverty in the state by 7.6%. Each family could ...

msn.com

Illinois’ Revenue Revised Up More Than $2 Billion This Fiscal Year ...

4 weeks from now

May 11, 2021  · Illinois’ revenue revised up more than $2 billion this fiscal year, $792 million next fiscal year. By ... That’s more than $2 billion more than the previous projections released in …

thecentersquare.com

Illinois General Assembly OKs $1.1B In Tax Hikes For Record $53 ...

4 weeks from now

In fiscal year 2023, actuarially determined contributions were less than $14.9 billion, more than $1.1 billion below today’s actuarially determined contribution. Revenue Changes. Most …

taxconnections.com

Illinois Tax Revenues Exceed $50 Billion For First Time In History

4 weeks from now

Jul 7, 2022  · State tax revenues grew by $5.5 billion in the fiscal year that concluded on June 30, exceeding $50 billion for the first time in Illinois’ history, according to a new report from a state ...

sj-r.com

State Revenue Drops Nearly $2B In April, But Budget-makers At The ...

4 weeks from now

May 15, 2023  · The previous year’s number for comparison, $5.4 billion, was a record, fueled by an influx of capital gains taxes and because more days of the month fell on weekdays in April …

apnews.com

Illinois Reaches Record-high Tax Revenue Of More Than $2 Billion …

4 weeks from now

Oct 9, 2024  · By HANNAH MEISELCapitol News [email protected] Illinois surpassed $2 billion in tax revenue last year from all types of gambling and the state lottery – a …

thevoice.us

Annual Report Shows Gains In Some Areas Of Gambling May Come …

4 weeks from now

Oct 9, 2024  · Illinois surpassed $2 billion in tax revenue last year from all types of gambling and the state lottery ... An annual report published last week by the General Assembly’s fiscal …

wthitv.com

Democrats Pass $53.1 Billion Budget | News | Illinois Times

4 weeks from now

Jun 6, 2024  · Despite holding 78 seats in the chamber, it took Democrats three tries to reach the 60 votes needed to approve more than $1.1 billion in revenue increases, including a tax hike …

illinoistimes.com

‘Millionaire’ Tax Would Be $2-$3.3 Billion Short Of Providing Any ...

4 weeks from now

Oct 22, 2024  · The most recent tax return data available from the Illinois Department of Revenue shows that a 3% income tax hike on earnings above $1 million would raise between $3 billion …

illinoispolicy.org

State’s Reliance On Income Taxes Doubled Over Past 20 Years

4 weeks from now

May 18, 2024  · According to the most recently available data from the Illinois Department of Revenue, the state received 41.2% of all income tax revenue from workers in Chicago and …

dailyherald.com

After 10 Years, Will Illinois Implement A Millionaires' Tax?

4 weeks from now

3 hours ago  · The Illinois Department of Revenue estimates the tax surcharge would generate $4.5 billion. But critics argue lawmakers can’t guarantee all that money will go to property tax …

suntimes.com

Millionaire Tax Vote Opens Door To New Clash Over Chicago …

4 weeks from now

The state population fell by more than 87,000 in 2022, which translates to a loss of $9.8 billion in adjusted gross income, according to the Internal Revenue Service.

msn.com

How Illinois Generated $2 Billion In Tax Revenue From Gamblers In …

4 weeks from now

Dec 7, 2024  · More than $3.8 billion was spent on lottery tickets in Illinois in 2024. The state also received $6 million in tax revenue from horse racing, the COGFA report shows.

dailyherald.com

Illinois Generated $2 Billion In Tax Revenue From Gamblers In The …

4 weeks from now

May 15, 2024  · Gamblers in Illinois added more than $2 billion in tax revenue to the state’s coffers during the last fiscal year.The most recent “Wagering in Illinois” update from the Illinois …

cdcgaming.com

Mayor Brandon Johnson's Budget Hikes Will Hit Chicago Starting …

4 weeks from now

15 hours ago  · The personal property lease tax rate will rise from 9% to 11%. The bump — projected by Johnson’s Office of Budget and Management to bring in an additional $128 …

chicagotribune.com

Illinois Passed A Record-breaking Income Tax Hike 3 Years Ago.

4 weeks from now

Jul 5, 2020  · More than $1.2 billion went to pensions and debt. On July 6, 2017, the Illinois General Assembly voted to override then-Gov. Bruce Rauner’s veto of a record-setting …

illinoispolicy.org

Illinois On Tap To Have Biggest Year Yet From Marijuana Tax Revenue

4 weeks from now

6 hours ago  · Because of the state’s sliding tax rate that is based on the potency of the product, it’s estimated Illinois’ marijuana tax revenue will be about 27.1% of sales this year. That’s …

dailyherald.com