Illinois Fiscal Statistics

StatisNostics/State Financials/Illinois

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20122024

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State Revenue Analysis (Illinois: 2012–2024)

Population: 12,873,763 → 12,582,032 (-2.3% change)

Overall Revenue Trends

Total Revenue▲ 81.6%

$66,308,648,000 (2012)→$120,415,721,000 (2024)

Per Capita Revenue▲ 85.8%

$5,151 (2012)→$9,570 (2024)

Fund Balances▼ 100%

$42,460,373,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 7.8%

Major Tax Revenue

Property Tax▲ 12.7%

$65,106,000 (2012)→$73,342,000 (2024)

Sales Tax▲ 66.6%

$9,634,982,000 (2012)→$16,048,964,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Workers Compensation - Interest Earnings▲ 2398.1%

$53,000→$1,324,000

Sale of Property▲ 535.2%

$435,000→$2,763,000

Federal Intergovernmental Sewerage▲ 382.2%

$43,556,000→$210,016,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 86.9%

$1,275,000→$167,000

All Other Not Elsewhere Classified Charges▼ 81.6%

$117,899,000→$21,653,000

Rents▼ 60.3%

$1,391,000→$552,000

Revenue Forecast

Projected Revenue (Next Year)▼ 0%

Estimated: $120,385,328,129

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax23.4%

Total General Sales Taxes14.5%

Federal Intergovernmental Public Welfare13.2%

Corporation Net Income Tax5.3%

Federal Intergovernmental Education5.1%

Unemployment - Contribution4.9%

Higher Education Tuition Charges3.3%

Public Utilities Tax2.6%

Federal Intergovernmental Highways2.4%

Motor Vehicle License2.4%

Interest Earnings2.2%

Other Selective Sales Taxes2.1%

Motor Fuels Sales Tax1.9%

Miscellaneous General Revenue Not Elsewhere Classified1.7%

Net Lottery Revenue1.6%

Higher Education Auxiliary Charges1.2%

Federal Intergovernmental Other1.1%

Toll Highway Charges1.1%

Hospital Charges1.0%

Tobacco Sales Tax0.9%

Federal Intergovernmental Health & Hospitals0.9%

Amusement Tax0.8%

Federal Intergovernmental Housing & Community Development0.7%

Donations From Private Sources0.6%

Occupation & Business License Not Elsewhere Classified0.6%

Insurance Premium Tax0.6%

Corporation License Tax0.5%

Alcoholic Beverage Sales Tax0.4%

Local Intergovernmental Public Welfare0.4%

Federal Intergovernmental Employment Security Administration0.4%

Death & Gift Tax0.4%

Federal Intergovernmental Transit Utilities0.2%

All Other Not Elsewhere Classified Charges0.2%

Fines & Forfeits0.2%

Motor Vehicle Operators License0.2%

Federal Intergovernmental Air Transportation0.1%

Amusement License Tax0.1%

Local Intergovernmental Highways0.1%

Property Tax0.1%

Federal Intergovernmental Other Natural Resources0.1%

Documentary & Stock Transfer Tax0.1%

Federal Intergovernmental Sewerage0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Other0.1%

Housing & Community Development Charges0.1%

Other In Trust - Other Contributions0.0%

Workers Compensation - Other Contributions0.0%

Federal Intergovernmental Water Utilities0.0%

Other License Tax0.0%

Public Utility License Tax0.0%

Local Intergovernmental Education0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Parimutuels Tax0.0%

Parks & Recreation Charges0.0%

Regular Highway Charges0.0%

Rents0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Sale of Property0.0%

Workers Compensation - Interest Earnings0.0%

Other In Trust - Interest Revenue0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare20.2%

Individual Income Tax18.8%

Total General Sales Taxes13.3%

Corporation Net Income Tax10.5%

Federal Intergovernmental Education5.0%

Other Selective Sales Taxes3.7%

Miscellaneous General Revenue Not Elsewhere Classified3.3%

Motor Fuels Sales Tax2.3%

Higher Education Tuition Charges2.0%

Motor Vehicle License1.9%

Federal Intergovernmental Highways1.9%

Unemployment - Contribution1.8%

Interest Earnings1.6%

Toll Highway Charges1.3%

Amusement Tax1.2%

Federal Intergovernmental Other1.1%

Hospital Charges1.1%

Net Lottery Revenue1.1%

Public Utilities Tax1.0%

Federal Intergovernmental Health & Hospitals0.8%

Occupation & Business License Not Elsewhere Classified0.7%

Higher Education Auxiliary Charges0.6%

Tobacco Sales Tax0.6%

Death & Gift Tax0.5%

Local Intergovernmental Public Welfare0.5%

Insurance Premium Tax0.4%

Donations From Private Sources0.4%

Federal Intergovernmental Housing & Community Development0.4%

Corporation License Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Federal Intergovernmental Sewerage0.2%

Federal Intergovernmental Employment Security Administration0.2%

Motor Vehicle Operators License0.2%

Federal Intergovernmental Other Natural Resources0.1%

Fines & Forfeits0.1%

Local Intergovernmental Highways0.1%

Federal Intergovernmental Air Transportation0.1%

Documentary & Stock Transfer Tax0.1%

Local Intergovernmental Other0.1%

Property Tax0.1%

Workers Compensation - Other Contributions0.0%

Amusement License Tax0.0%

Public Utility License Tax0.0%

Local Intergovernmental Education0.0%

Unemployment - Interest Revenue0.0%

Hunting & Fishing License0.0%

Housing & Community Development Charges0.0%

Other License Tax0.0%

All Other Not Elsewhere Classified Charges0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Parks & Recreation Charges0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Workers Compensation - Interest Earnings0.0%

Rents0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Key Insights

1Total revenue increased by 81.6% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by -2.3%, while per-capita revenue changed by 85.8%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Illinois: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 250%

$21,647,124,000→$75,803,396,000

Per Capita Spending▲ 258%

$1,681→$6,025

Population Trends

Population Change▼ 2.3%

12,873,763 (2012)→12,582,032 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 81%

$373,224,000 (2012)→$675,131,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 69%

$711,539,000 (2012)→$1,201,140,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 68%

$900,651,000 (2012)→$1,514,579,000 (2024)

General Expenses▲ 139%

$3,658,325,000 (2012)→$8,732,267,000 (2024)

Illinois Key Insights

1Per capita expenditures grew by 258%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 139%, which may indicate classification changes, new initiatives, or reporting adjustments
3Police Protection was the fastest growing major expense category at 81% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 16%

$37,282,096,000 (2012)→$43,374,669,000 (2024)

Industrial Revenue Debt▼ 100%

$27,004,499,000 (2012)→$0 (2024)

Per Capita Debt▲ 19%

$2,896 (2012)→$3,447 (2024)

Population Trends

Population Change▼ 2.3%

12,873,763 (2012)→12,582,032 (2024)

Debt Management

Most Recent Year (2024)

Issued:$2,907,200,000

Retired:$1,997,071,000

Net Change:+$910,129,000

Debt Retirement Trend

$3,862,668,000 → $1,997,071,000▼ 48%