• HOME :
  • NEWS :
  • ILLINOIS PROJECTS SHARP REVENUE DROP DUE TO CORONAVIRUS FALLOUT

Illinois projects sharp revenue drop due to coronavirus fallout

APRIL 16, 2020 | by Karen Pierog | THE NEW YORK TIMES

Reuters article by Karen Pierog, includes “Economic fallout from the coronavirus outbreak will cost Illinois $7.3 billion in revenue for the current and next fiscal year, Governor J.B. Pritzker announced on Wednesday. … due mainly to lower income and sales tax collections as unemployment skyrockets and consumer spending falls. … Pritzker is hoping voters in November will approve a state constitutional change that would boost revenue by replacing the state's flat income tax rate with graduated rates.”

VIEW LESS