Fox Illinois: Lawmakers Hear About State’s Economic Outlook

From Fox Illinois — The Committee On Government Forecasting and Accountability (COGFA) heard new estimates on where the state stands financially. Experts testified giving lawmakers a non-partisan look at the real numbers.

Revenue is only expected to grow by a little more than $200 million next fiscal year. That’s a 2 percent base growth, which economists say is weak. When it comes to sales tax, those numbers are expected to drop over the next fiscal year by about $230 million.

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