Column: State starts new fiscal year with revenue boost – Champaign News-Gazette
Jim Dey: “A definite downside to the report was a continued lag in sales-tax and corporate income-tax revenues. July corporate income-tax revenues added up to $242 million. That’s an $81 million decline from July 2023. July sales-tax revenues were $942 million, down $45 million from July 2023. That continues a disturbing revenue trend.”
“Part of it is that there are fewer students. Part of it is that people think that maybe college is getting too expensive and they can achieve their goals more cheaply. Within Illinois, I think those same demographics hold,” economics professor Scott Hegerty said. “State schools are a little bit more insulated because they get state appropriations, but those have taken hits over the years.”
“All options are on the table” for Mayor Brandon Johnson as his administration prepares for a significantly larger budget gap in 2025 than the $538 million shortfall he closed after taking office last year, according to the city’s budget director.
Matching this year’s fair theme of “It’s Showtime!”, 2024’s butter cow is accompanied by a little girl pulling a seven-scoop ice cream cone out of her magician’s hat.
“The Chicago area is home to the biggest Palestinian diaspora in the US. They’re going to make sure the Democratic National Convention hears them.”