Includes “The massive $1.9 trillion federal ‘stimulus’ packaged signed into law last week included $350 billion for state and local governments. At the onset of the pandemic, many feared already-challenged jurisdictions were going to take a huge revenue hit. A few weeks ago, however, an office of Illinois government released a little-noticed but remarkable report including the most recent data on revenue trends in Illinois government. Illinois' tax revenue was going up, not down, during the pandemic. ..."
Read the full article on: Bill’s Blog