DESPITE ONLY MODEST GAINS IN KEY MONTH FOR RECEIPTS, APRIL REVENUES LARGELY MEET EXPECTATIONS
Eric Noggle, Revenue Manager

In the pivotal month of April, revenues deposited into the State’s General Funds increased by $146 million, or 2.0%. While the overall gains were modest, results generally aligned with expectations. The revenue total of $7.305 billion represents the second-highest month on record, trailing only the federal stimulus-aided $8.0 billion collected in April FY 2022. Income tax receipts accounted for the vast majority of the total, while growth in Federal Sources provided additional support.
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Incorporating April’s modest gains, General Funds receipts now total $46.564 billion for FY 2026, with only two months remaining in the fiscal year. This amount is $1.716 billion, or 3.8%, above last year’s ten-month total.


ILLINOIS EMPLOYMENT TRENDS AFTER THE 2025 BENCHMARK REVISION
Benjamin L. Varner, Chief Economist

Illinois employment levels were modestly revised following the 2025 benchmark update, but overall trends remained largely unchanged. Job growth slowed nationally in 2024 and 2025, with Illinois experiencing job losses in 2025 and mixed results early in 2026.