Illinois’ stagnant sales tax revenue indicator of flat economic activity
SPRINGFIELD (Illinois News Network) -- The state of Illinois is collecting more from individual workers' and businesses’ income, but the indication from other revenue sources is the state’s economy is flat. A tax professional says state lawmakers haven’t advanced solutions to grow the state’s economy. Illinois Commission on Government Forecasting and Accountability (COGFA) Revenue Manager Jim Muschinske said individual income tax revenues are up from the year before, as are corporate tax receipts. From October of last year to this […]
