Illinois revenues continue to drop – State Journal-Register (Springfield)

The decline represented almost good news for the state compared to the huge drop in April when the first effects of the economic shutdowns prompted by the pandemic were felt in state coffers.
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debtsor
3 years ago

““After dropping over $2 billion on a net basis (in April), total income taxes suffered only minor losses in May (compared to 2019),” COGFA revenue manager Jim Muschinske said in the monthly report.”   How in the world did income taxes suffer only minor losses in May as we were still in the middle of a shut down? Is may usually a down month because the 2nd quarterly payment is due in June? that might make some sense, but it boggles the mind that there are 1,000,000 unemployed Illinois residents and personal income taxes in May 2020 was only slightly… Read more »

Last edited 3 years ago by debtsor

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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