State ends fiscal year with record revenue – Capitol News IL

“Whether this record will be surpassed in FY 2026 remains to be seen, though the FY 2026 enacted budget assumes revenues of $55.297 billion – nearly $1.3 billion above the FY 2025 final total,” Commission on Government Forecasting and Accountability Revenue Manger Eric Noggle wrote.
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PPF
10 months ago

ThE sKy Is FaLlInG. EvErYoNe Is LeAviNg!!! AlL tHe CoViD mOnEy Is GoNe. IlLiNoIs Is DoNe. lol

Another year and another record breaking revenue amount collected.

Admin
10 months ago
Reply to  PPF

Thanks to tax increases. Records being set in other states, too, most of which are cutting taxes.

PPF
10 months ago
Reply to  Mark Glennon

So what? Our voters appear to reward politicians for spending more money and seem to be indifferent to tax increases, at least when it comes time to voting. Yes it costs more in taxes in Illinois but the state clearly has the ability to increase taxes and get more revenue as I’ve been stating all along.

Admin
10 months ago
Reply to  PPF

Only in the short run, IMO.

PPF
10 months ago
Reply to  Mark Glennon

You’ve been saying that for over a decade and it hasn’t been true. That’s the problem with the sky is falling mentality. You may eventually be right but people will tune it out when you continue this line and it doesn’t happen.

Admin
10 months ago
Reply to  PPF

But it has been happening. Tax revenue has been up in raw total, but it’s not enough to arrest the continuing deterioration of the state. We are a drag on America’s economy, taking more from federal government than we put in, ranking near last in “equity,” near zero employment growth, and quality of life here continues to degrade relative to other places.

PPF
10 months ago
Reply to  Mark Glennon

Good luck changing minds with what’s essentially “opportunity costs”. Those typically aren’t messages that will disrupt the status quo.

Also, you’ve been complaining that whole time about pensions eating up a larger and larger percentage of the budget. Instead, it is taking a smaller percentage of the budget.

Last edited 10 months ago by PPF
PPF
10 months ago
Reply to  Mark Glennon

Also Mark, if the day comes where you are right, Illinois will then cut spending then and not before. Unless the voters step in and choose different leaders before that day.

Tom Paine's Ghost
10 months ago

Hey how about lowering some taxes or refunds to taxpayers with this ‘record revenue’.

PPF
10 months ago

State isn’t paying enough towards pensions. They are shorting them to the tune of 5 billion per year. Until you start paying full actuarial payments, the taxpayers will not and should not be getting a tax break. If anything, you need to pay more so that your kids and grandkids aren’t paying for your fiscal mismanagement.

Leaving Soon, just not soon enough
10 months ago

BROKE, not the change of a nickel. A$$ high in debt.

Hello, Indiana!
10 months ago

Let’s hear how rosy the budget looks when IL has to shoulder more of the costs of social services programs because of mismanagement of funds ( i.e. giving money to people that don’t deserve it ) on a par with other mismanaged states such as NY, CA, etc. Also, it’s easy to have a surplus of funds when you don’t pay your bills, monies designated for things are held back ( we hear at least one instance of this a week it seems from DCFS, etc. ). Not buying into this magic show.

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