Morgan County Officials Highlight Loss of Revenue from Elimination of Cash Bail
The looming end of cash bail in Illinois later this month is not only a public safety concern; county governments are also scrambling to find a way to replace the lost revenue. Morgan County officials have sounded-off on the issue.
Report Details Declining State Income Tax Revenues
The report summarized revenue trends observed by the Illinois Department of Revenue (IDOR) in August 2024. During this 31-day period, total Illinois income tax revenues declined $61 million from the revenues enjoyed in August 2023. The decline was $38 million in personal income tax payments and $23 million in corporate income taxes. The August 2023 numbers were reported to the General Assembly by the Commission on Government Forecasting and Accountability (CGFA), the General Assembly’s nonpartisan budget monitor office.
In spring 2023 the General Assembly’s Democrats passed, and Gov. Pritzker signed, an optimistic FY24 budget. The spending plan pledged to expend more than $50 billion during the 12-month period beginning July 1, 2023, and ending June 30, 2024. The FY24 budget included hundreds of millions of dollars in budget increases for fast-growing programs, such as the provision of medical care for non-legal Illinois residents. The slowdown in month-to-month and year-to-year revenue numbers indicates that Illinois may not be generating enough tax money to keep the promises made in the FY24 budget.
Specialty Crops in Illinois Getting a Boost
With federal funds awarded through the Specialty Crop Grant Program, the Illinois Department of Agriculture will fund projects that enhance the competitiveness of specialty crop products and create new market opportunities for the state’s specialty crop producers.
Enjoy Illinois fall Festivals!
There’s much to do in Illinois this fall! This calendar covers September through November events across the state that celebrate local harvests, food, music, beer, and Oktoberfest.