The $50.7 billion in base general revenues that the state collected in fiscal year 2023 — which excludes one-time pandemic-related federal funds — topped last year’s previous record by $373 million.
The $50.7 billion in base general revenues that the state collected in fiscal year 2023 — which exclude one-time pandemic-related federal funds — topped last year’s previous record by $373 million.
Pritzker indicated he’d continue to be cautious when considering spending priorities for one-time revenues, echoing his budget office, which noted that revenues have fluctuated wildly from month to month in recent years. “All this good fiscal news did not happen by accident,” Mendoza said in a statement. “This takes strong strategic planning throughout the year and daily attention to cash management; knowing which bills to pay first to maximize federal matching funds so we can end the fiscal year on such a high note.”
FY 2023’s revenues were also bolstered by a $1.2 billion transfer into the general revenue fund from the state’s income tax refund fund. The amount of that annual statutory transfer was driven upward by strong income tax receipts from the prior fiscal year and is unlikely to be replicated in FY 2024.
That was, in part, a response to ongoing concerns of a recession, which COGFA noted lingered throughout FY 2023 but did not materialize.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
State ends fiscal year with $726 million surplusState revenues once again reached a record high in the fiscal year that ended June 30, creating what Gov. J.B. Pritzker called a 'one-time' budget surplus of more than $700 million.
Lire la suite »
Nelly Sells 50 Percent of His Music Catalog for $50 MillionA source close to Nelly tells ET that the deal includes some of his most iconic tracks such as 'Ride Wit Me' and 'Dilemma.'
Lire la suite »
Nelly Gets $50 Million for 50 Percent Share of Music CatalogNelly has sold 50 percent of his music catalog for $50 million
Lire la suite »
You can get $50 in Samsung credit when you reserve a forthcoming Galaxy deviceThe new promo will run through July 25th.
Lire la suite »
Frisco transformation starts with downtown, mayor saysFrisco investing $50 million in the downtown area
Lire la suite »
Nelly Gets $50 Million Deal for Half of His Music CatalogThings are heating up for Nelly again, 'cause the dude's about to get a helluva lot richer after selling the rights to half of the music he's cranked out ... including his biggest hits.
Lire la suite »