Monthly Briefings
FY2023 Monthly Briefings
May 2023 Monthly Briefing	Economy: After a Tough Year, Housing Shows Signs of Improvement Illinois Economic Indicators Pass-Through Entity Tax Revenue: General Funds Revenues See $677 Million Improvement in May, Helping to Recoup a Portion of April’s Losses
April 2023 Monthly Briefing	Revenues: State Revenues in April See Significant Drop as Final Tax Receipts Fall Well Short of Last Year’s Historic Levels Revenue Tables Update on the FY 2023 General Funds Revenue Forecast Update on the FY 2024 General Funds Revenue Forecast The Volatility of April Income Tax Receipts Continues into 2023 Economy: U.S. Economy Slows in First Quarter as Expansion Continues Illinois Economic Indicators Adult Use Cannabis in Illinois April 2023 General Obligation Bond Sale
March 2023 Monthly Briefing	Overview of the Commission’s Recently Released FY 2023 Revenue Estimate and FY 2024 Forecast Revenue: General Funds Revenues See First Decline of FY 2023 as March Receipts Cannot Repeat Last Year’s Torrid Pace Economy: Industrial Midwest Comparison Illinois Economic Indicators Cannabis Quarterly – 3rd Quarter FY 2023 Moody’s Upgrades Illinois’ General Obligation and Build Illinois Bonds FY 2024 State Employees’ Group Insurance Program Update
February 2023 Monthly Briefing	Economy: Economic Volatility Complicates Forecasting Illinois Economic Indicators Standard & Poor’s Upgrades Illinois’ General Obligation and Build Illinois Bonds Update on Sports Wagering Revenue: General Funds Continue Its Net Positive Streak as Revenues Rise Another $256 Million in February
January 2023 Monthly Briefing	Gaming Revenues Continue to Rise on the Dawn Before Further Expansion Economy: Return of Growth in 2ndHalf of Year Illinois Economic Indicators Revenue: January Revenues Rise on Strength of Transfers, Offsetting Anticipated Falloff in Income Tax Receipts
December 2022 Monthly Briefing	Composition of the Illinois Economy Illinois Economic Indicators Cannabis Quarterly – 2nd Quarter FY 2023 A Look Back at the Tax and Fee Changes of the 101st General Assembly Revenue: While December Federal Sources Spike, Many Other Revenue Sources Experience Slowing
November 2022 Special Pension Briefing
November 2022 Monthly Briefing	Despite Economic Concerns, General Funds Revenues Continue to Amaze, Prompting Upward Adjustment of FY 2023 Outlook Revenue Tables Economy: Third Quarter Revised Up, Jobs Continue to Moderate Illinois Economic Indicators
October 2022 Monthly Briefing	Tax Revenue from Motor Fuel Economy: Rebound in the Third Quarter Illinois Economic Indicators 2020 Census Report Summary Revenue: Monthly Gains Continue as Growth from Income Taxes, Federal Sources, and Transfers Bolster October Receipts
September 2022 Monthly Briefing	Economy: Tight Labor Market and Inflation Keep Fed Busy Illinois Economic Indicators Cannabis Quarterly – 1st Quarter FY 2023 October Sports Wagering Update October 2022 General Obligation Bond Sale Revenue: September Revenues Increase on Strength of State Sources and Transfers
August 2022 Monthly Briefing	Economy: FY 2022 Employment Data Illinois Economic Indicators Illinois’ “Rainy Day Fund” Revenue: August Revenues Increase on Strength of “Big Three” Revenue Sources and Federal Reimbursements
July 2022 Monthly Briefing	Illinois Casinos See Huge Increases in FY 2022, but Still Remain Below Pre-Pandemic Levels Economy: Slowdown or Recession? Illinois Economic Indicators Revenue: Strong Influx of Federal Revenues Fuel Overall Increase in July Receipts – Economic Sources Experience Moderate Growth
FY2022 Monthly Briefings
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