www.illinois.gov

Pat Quinn, Governor

State Links Skip to Content Skip to State Links

 Government
 Business
 Employment
 Education
 Health & Safety
 Family & Home
 Travel & Recreation
 About Illinois
 Illinois.gov

Stay Informed

Your Government


Illinois Flag Honors

Inspector General


 IGNN: State/All Press Release

ILLINOIS NEWS
The State of Illinois News page provides access to the Illinois Government News Network and all state press releases.


FOR IMMEDIATE RELEASE
July 27, 2011

Revenue Department Issues Year End Report
General Funds Met Estimates by Revenue Economists

SPRINGFIELD – Today, the Illinois Department of Revenue issued its monthly revenue report for June, 2011.  Going forward, the Department will post an updated report every month, comparing estimates, actual revenue year-to-date, and revenue compared to the same month in the previous year.

The report includes year-end tax collection data that illustrates the additional revenues generated by the Income Tax rate increases and by the amnesty program during FY 2011, along with the underlying growth in the economy.  The monthly report is designed to help members of the public and policymakers understand what is happening with state tax receipts, and why.

The Department’s team of professional economists works with labor economists at IDES to create models to forecast revenues, based on projected employment and wage and salary growth and uses national forecasting services to provide forecasts for other economic variables.

The Department of Revenue provides annual estimates used to develop the Governor‘s budget and periodically revises those estimates as economic conditions warrant.  The monthly reports are available at www.tax.illinois.gov.
 



###

News Categories

 State/All
 Governor's Office
 Lt. Governor's Office
 Agriculture
 Budget/Fiscal
 Business
 Children/Families
 Culture
 Disabilities
 Economic Development
 Education
 Environment
 Flag Honors
 Health/Human Services
 History
 Infrastructure
 Opportunity Returns
 Recovery
 Safety/Security
 Technology
 Tourism/Recreation
 Transportation
 Workforce/Jobs

News Resources

 Search the News
 IIS Radio News
 RSS News Feeds
 e-News Subscriptions
 Communications Office
 Privacy Statement

Features

Sign up for an e-news subscription
Copyright © 2014 State of Illinois Site Map | Illinois Privacy Info | Kids Privacy | Web Accessibility | Contact Us