Monthly state revenue growth weak again for Illinois – WP Original
By: Mark Glennon* The Illinois Commission on Governmental Forecasting and Accountability released its December report. As has been the trend, state revenues are not increasing materially, and in aggregate are down for the year. Comparing December 2014 to December 2013, state tax and fee receipts increased by $103 million or 3.2%. However, transfers to the state from the Federal government declined by $20 million, or about 7.9%. In total, including various refunds, state receipts increased by $72 million or 2.2% compared to December 2013. For the entire 2015 fiscal year to date (July through December 2014),