State revenues $4.6 billion higher for current fiscal year than initially projected – Capitol News IL

“To give you an example, in December alone, just in December, we received $961 million in corporate income tax receipts,” Illinois Department of Revenue Director David Harris. “That's in one month. In a given year, a normal year would be $3.5 billion or thereabouts in corporate income tax receipts for the entire year.”
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Ex Illini
2 years ago

If Manchin hadn’t stopped the Progressive silliness, the economy would have been a raging fire. Free money handed to families that didn’t need it was a recipe for disaster, and the stupid Dems wanted it to be permanent. If the Republicans don’t take the House in November it’s all over. As for the extra revenue JB will blow it quickly.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE