State gets a surprise $2 billion more in revenue projections
Greg Bishop, Journal-Courier
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Illinois collected more taxes than initially thought in the current fiscal year, according to a bipartisan commission.
There’s also an increase of more than three-quarters of a billion dollars for the coming fiscal year.
As lawmakers craft the budget for next fiscal year, they’re getting revised estimates from the bipartisan, bicameral Commission on Government Forecasting and Accountability.
A new report from the commission obtained by The Center Square shows the state actually is bringing in $45.6 billion in the fiscal year that ends June 30. That’s more than $2 billion more than the previous projections, released in March.