$35B in federal aid, higher tax revenues mask Pritzker budgetary blunders – Illinois Policy

In total, Illinois received at least $15.6 billion in extra funds from federal sources. The state also benefitted from nearly $19.5 billion in higher-than-expected tax revenues since 2020. During that time, the state’s credit rating improved as the massive cash infusion helped tamp down unpaid bills and stabilize the state’s increasing budget costs.
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Ex Illini
1 year ago

Almost $20B from higher than expected tax revenues. Most of this was driven by Bidenflation and the trillions pumped into the economy. Unfortunately, inflation may flatten but prices aren’t going down, so a big chunk of that increased tax revenue is permanent. The trillions pumped into the economy are over though, hopefully for a long time.

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