WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Illinois Sales Tax Receipts Rise 11 Percent

Illinois Sales Tax Receipts Rise 11 Percent

SPRINGFIELD, Ill. (AP) - Illinois sales tax receipts rose 11 percent in August. Strong automobile sales likely helped lift the numbers.

That runs counter to the state government's forecast of flat sales tax growth for the fiscal year that began July 1st.

The (Champaign) News-Gazette reports that in the first two months of the fiscal year, receipts have grown $108 million, or more than 8 percent, above last year's level.

Jim Muschinske is revenue manager for the state's Commission on Government Forecasting and Accountability.  He says the results are "a little surprising." But he cautions against reading too much into the bump, saying that "there's still a lot of time for that to change."   Muschinske attributed the gains to good auto sales.

See other LocalNews news:

State Union Contract Extended To September 30th
Rauner Vetoes Legislation to Ban Strikes, Worker Lockouts
Governor Signs Law Giving Animal Disease Lab Building to Kaskaskia College
State Police Make Arrest Near Vandalia in Child Abduction Case
Bryan-Bennett Library Festivities Come to A Close




This Site logo