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By: Mark Glennon*

Tax and other revenue for Illinois’ remained weak in April. Total tax receipts compared to April last year were off 1.3%. However, transfers from the federal government increased, putting total sources $216 million ahead for the month (a 6.5% improvement for the month).

For the fiscal year to date, however, the decline remains troubling. With ten months now behind us for the fiscal year, total revenue sources are lagging $1.2 billion (a 4.8% drop) compared to the previous fiscal year.

The figures come from the monthly report just released by COGFA, Illinois’ Commision on Government Forecasting and Accountability.

Says COGFA:

As discussed in earlier briefings, the receipt weakness is widespread, and has resulted in disappointing performances in key areas such as income and sales taxes as well as federal sources.
 *Mark Glennon is founder of Wirepoints. Opinions expressed are his own.