Illinois Fiscal Statistics

StatisNostics/State Financials/Illinois

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20122023

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State Revenue Analysis (Illinois: 2012–2023)

Population: 12,873,763 → 12,671,469 (-1.6% change)

Overall Revenue Trends

Total Revenue▲ 70.9%

$66,308,648,000 (2012)→$113,330,205,000 (2023)

Per Capita Revenue▲ 73.6%

$5,151 (2012)→$8,944 (2023)

Fund Balances▼ 100%

$42,460,373,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 7.7%

Major Tax Revenue

Property Tax▼ 7.7%

$65,106,000 (2012)→$60,109,000 (2023)

Sales Tax▲ 60.9%

$9,634,982,000 (2012)→$15,499,836,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 8524.4%

$435,000→$37,516,000

Workers Compensation - Interest Earnings▲ 1477.4%

$53,000→$836,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 220.0%

$1,104,657,000→$3,534,667,000

Declining/Slowest Growing Sources

All Other Not Elsewhere Classified Charges▼ 84.4%

$117,899,000→$18,344,000

Rents▼ 61.4%

$1,391,000→$537,000

Amusement License Tax▼ 60.0%

$74,255,000→$29,701,000

Revenue Forecast

Projected Revenue (Next Year)▲ 7.7%

Estimated: $122,075,668,485

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare20.6%

Individual Income Tax19.2%

Total General Sales Taxes13.7%

Corporation Net Income Tax8.7%

Federal Intergovernmental Education5.3%

Other Selective Sales Taxes3.7%

Miscellaneous General Revenue Not Elsewhere Classified3.1%

Motor Fuels Sales Tax2.3%

Higher Education Tuition Charges2.1%

Motor Vehicle License2.0%

Unemployment - Contribution1.8%

Federal Intergovernmental Highways1.8%

Federal Intergovernmental Other1.5%

Toll Highway Charges1.4%

Amusement Tax1.2%

Net Lottery Revenue1.1%

Hospital Charges1.1%

Public Utilities Tax1.1%

Interest Earnings1.0%

Federal Intergovernmental Health & Hospitals1.0%

Occupation & Business License Not Elsewhere Classified0.8%

Tobacco Sales Tax0.7%

Higher Education Auxiliary Charges0.7%

Death & Gift Tax0.5%

Insurance Premium Tax0.5%

Federal Intergovernmental Housing & Community Development0.5%

Donations From Private Sources0.4%

Local Intergovernmental Public Welfare0.4%

Corporation License Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Federal Intergovernmental Employment Security Administration0.2%

Motor Vehicle Operators License0.2%

Local Intergovernmental Highways0.1%

Federal Intergovernmental Other Natural Resources0.1%

Federal Intergovernmental Air Transportation0.1%

Fines & Forfeits0.1%

Documentary & Stock Transfer Tax0.1%

Local Intergovernmental Other0.1%

Property Tax0.1%

Federal Intergovernmental Sewerage0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Other Contributions0.0%

Hunting & Fishing License0.0%

Housing & Community Development Charges0.0%

Sale of Property0.0%

Other License Tax0.0%

Amusement License Tax0.0%

Public Utility License Tax0.0%

All Other Not Elsewhere Classified Charges0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Parks & Recreation Charges0.0%

Unemployment - Interest Revenue0.0%

Alcoholic Beverage License Tax0.0%

Regular Highway Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Workers Compensation - Interest Earnings0.0%

Rents0.0%

Key Insights

1Total revenue increased by 70.9% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by -1.6%, while per-capita revenue changed by 73.6%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Illinois: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 233%

$21,647,124,000→$72,038,967,000

Per Capita Spending▲ 238%

$1,681→$5,685

Population Trends

Population Change▼ 1.6%

12,873,763 (2012)→12,671,469 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 83%

$373,224,000 (2012)→$683,473,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 56%

$711,539,000 (2012)→$1,111,698,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 91%

$900,651,000 (2012)→$1,718,929,000 (2023)

General Expenses▲ 128%

$3,658,325,000 (2012)→$8,339,217,000 (2023)

Illinois Key Insights

1Per capita expenditures grew by 238%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 128%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 91% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 14%

$37,282,096,000 (2012)→$42,484,414,000 (2023)

Industrial Revenue Debt▼ 100%

$27,004,499,000 (2012)→$0 (2023)

Per Capita Debt▲ 16%

$2,896 (2012)→$3,353 (2023)

Population Trends

Population Change▼ 1.6%

12,873,763 (2012)→12,671,469 (2023)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2023)

Issued:$1,656,635,000

Retired:$749,180,000

Net Change:+$907,455,000

Debt Retirement Trend

$3,862,668,000 → $749,180,000▼ 81%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.