By Sangamon Sun |
Oct 7, 2024
The Commission on Government Forecasting and Accountability (CGFA) has released a report indicating a continued decline in state revenue for Illinois. The report, which utilizes cash-flow data from the Illinois Department of Revenue and other relevant departments, shows a significant decrease in income for September 2024 compared to the previous year. In September 2023, the state collected $6,171 million for General Funds spending, but this figure dropped to $5,514 million in September 2024—a reduction of $657 million or 10.6% year-over-year.