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Illinois revenue rose 8.6% in September, but corporate tax drops and state challenges persist.
Illinois saw a strong September revenue rebound, with total General Fund receipts up 8.6% year-over-year, driven by gains in personal and sales taxes and a surge in federal funds, though corporate income tax collections dropped 18.1%, raising fiscal concerns for FY 2026.
Retailers remain vital to local economies, contributing billions in revenue and supporting public services, while advocacy groups push for policies that protect small businesses.
Meanwhile, Illinois leaders oppose a federal plan to deploy National Guard troops, citing threats to state sovereignty, and face challenges including wildfire risks, a deteriorating business climate, and scrutiny over proposed transmission legislation.
Los ingresos de Illinois aumentaron un 8,6% en septiembre, pero las caídas en los impuestos corporativos y los desafíos estatales persisten.