Illinois coronavirus revenue loss pegged at more than $7 billion – The Bond Buyer

Illinois needs to close a $2.7 billion revenue gap this year and must dig its way out of an up to $7.4 billion hole in the next fiscal year due to plunging revenues blamed on the coronavirus-driven shutdown of many businesses. “This is a public health crisis but it is accompanied by massive economic disruption that’s unprecedented in modern history,” Gov. J.B. Pritzker said during his daily briefing on the state’s COVID-19 response Wednesday.