Illinois revenue collection hit $56.3 billion in fiscal year 2026 (FY26), according to a report published by the Illinois Commission on Government Forecasting and Accountability (CGFA). This represents a 4.5% increase from FY25, with total revenues up $2.8 billion.
Tax Collection Breakdown
Personal income tax collections climbed $1.4 billion (4.2%), while corporate income tax collections declined $250 million (-4.2%). Sales tax collections climbed $533 million (4.5%), and estate (death) tax collections climbed $268 million (44.4%).
Other notable increases include insurance tax and fee collections, which climbed $47 million (8.2%), and gaming tax collections, which climbed $76 million (40.9%). Sports wagering tax collections also saw a significant increase, climbing $183 million (90.1%).
Original reporting: NFIB (National Federation of Independent Business) — read the source article.
