revenue

Flickr user Parker Knight / "Chopperz 10" (CC BY 2.0)

Two tax policy organizations with distinct views released a joint report about Illinois revenue. 

It outlines how taxing services, such as haircuts and pet grooming, could generate up to two point one billion dollars in new annual revenue.

Ralph Martire, who is from the Center for Tax and Budget Accountability, says Illinois has one of the most narrow tax bases in the country.

Cigarette Tax Hike Revenue Falls Short Of Goal

Jun 20, 2013

Illinois’ dollar-per-pack cigarette tax hike took effect a year ago this month. But the the Commission on Government Forecasting and Accountability says it's expected to fall $130 million short of initial revenue estimates. 

Illinois tax revenue up 7.9% over last May

Jun 6, 2012

An increase was expected. But the revenue manager for the state's forecasting commission says income and sales taxes are exceeding expectations.

Jim Muschinske says it's too early to detect what's behind the 7.9 percent increase last month over May 2011 in revenues from personal income taxes.