Commission on Government Forecasting and Accountability
C.D. Davidsmeyer, Co-Chair
David Koehler, Co-Chair
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FY2022 Monthly Briefings
June Adds Another $730 Million in Additional Base Receipts, Capping Off Sensational Year of Revenues with Base Receipts Growing $5.482 Billion in FY 2022
Review of FY 2022 Revenue Estimates vs. Actuals
Cannabis Quarterly – 4th Quarter FY 2022
Illinois Economic Indicators
Consumer Inflation Expectations Have Risen While Confidence Falls
MSA Arbitration Settlement for Illinois
2022 Pension Legislation Overview
ECONOMY: Seeking a Soft Landing
Illinois Economic Indicators
Bond Rating Upgrades for the State, Some Authorities and Universities
Illinois Sells $1.638 billion of General Obligation Bonds
REVENUE: Timing of Last Year’s Delayed Tax Day Deadline Results in Expected Sizeable Drop in May Tax Receipts
Stagflation: A Stagnating Economy with High Inflation
Illinois Economic Indicators
Moody’s Upgrades Illinois’ Bond Ratings to Baa1
The Continuing Volatility of April Tax Receipts
REVENUE: Record Month of Income Tax Revenues Creates $3.024 billion General Funds Revenue Increase in April
FY 2023 State Employees’ Group Insurance Program Update
Cannabis Quarterly—3rd Quarter FY 2022
Illinois Economic Indicators
FY 2018 – FY 2022 Interfund Borrowing Update
REVENUE: Robust Revenue Growth Returns as March Receipts Up $816 Million
Bounce Back Year for Gaming Revenue
Inflation Continues to Loom Over the Economy
Illinois Economic Indicators
February 2022 Repayments of Interfund Borrowing Principal
Despite February Dip, FY 2022 Receipts Continue to Impress
2nd Anniversary of Recreational Cannabis
Illinois Economic Indicators
Municipal Liquidity Facility Repayment Update
FY 2018 – FY 2022 Interfund Borrowing Update
REVENUE: The Remarkable Year in Revenues Continues, as Receipts Increase another $1.7 Billion in January
Illinois Employment/Unemployment Update
Illinois Economic Indicators
December 2021 General Obligation Bond Sale
Cannabis Quarterly – 2nd Quarter FY 2022
REVENUE: Significant December Gains from Economic Sources and Transfers are Offset by Comparatively Lower Federal Source Performance
Sales Tax Revenue from Motor Fuel
Illinois Economic Indicators
Revenue: November Revenues Dip as Comparatively Lower Federal Sources Offset Gains from Economic Sources and Transfers
Inflation Comes to the Forefront
Update on Sports Wagering
Revenue: October Revenue Growth Reflects Federal Sources – Corporate Income Tax and Sales Tax Receipts Also Contributors to Gain
Delta Variant Taps the Brakes on the Economy
Cannabis Quarterly – 1st Quarter FY 2022
September 2021 Build Illinois Bond Sales
Illinois Economic Indicators
REVENUE: Strong September Growth Fueled by Economic Sources and Federal Reimbursements
Why Is There a Labor Shortage?
Illinois Economic Indicators
FY 2021 Employment Data
REVENUE: August Revenues Up on Strength of Sales Tax and Transfers to GRF
The Continuing Impact of the Pandemic on Illinois Casinos
Illinois Economic Indicators
REVENUE: Timing of Last Year’s Delayed Tax Day Deadline Results in Expected Drop of July Income Tax Receipts—Losses Partially Offset by Stronger Sales Tax, Transfers, and Federal Sources