By Sangamon Sun |
Sep 7, 2024
General Assembly reports largely flat state revenues in August 2024. The monthly report tracks state general funds revenues, equivalent to inflows into the state’s overall ‘checking account.’ Money coming into Springfield-based general funds totaled $3,485 million in August 2024, up only $50 million (1.5%) from the $3,435 million in equivalent state revenues enjoyed in the year-earlier period, August 2023. This 1.5% increase concealed a decline in real state income during this 31-day period, as 2023-2024 inflation has caused the prices of goods and services to rise faster...