Illinois Fiscal Statistics

StatisNostics/State Financials/Illinois

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20122022

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State Revenue Analysis (Illinois: 2012–2022)

Population: 12,873,763 → 12,587,530 (-2.2% change)

Overall Revenue Trends

Total Revenue▲ 79.7%

$66,308,648,000 (2012)→$119,140,742,000 (2022)

Per Capita Revenue▲ 83.8%

$5,151 (2012)→$9,465 (2022)

Fund Balances▼ 100%

$42,460,373,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 8.0%

Major Tax Revenue

Property Tax▲ 5.7%

$65,106,000 (2012)→$68,795,000 (2022)

Sales Tax▲ 58.7%

$9,634,982,000 (2012)→$15,289,031,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1558.7%

$586,598,000→$9,729,855,000

Parks & Recreation Charges▲ 507.4%

$5,305,000→$32,224,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 244.0%

$1,104,657,000→$3,800,446,000

Declining/Slowest Growing Sources

All Other Not Elsewhere Classified Charges▼ 82.6%

$117,899,000→$20,517,000

Interest Earnings▼ 79.6%

$1,451,823,000→$295,656,000

Amusement License Tax▼ 61.1%

$74,255,000→$28,868,000

Revenue Forecast

Projected Revenue (Next Year)▲ 18.8%

Estimated: $141,506,970,781

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%

2022 Revenue Breakdown

Individual Income Tax19.1%

Federal Intergovernmental Public Welfare18.7%

Total General Sales Taxes12.8%

Federal Intergovernmental Health & Hospitals8.2%

Corporation Net Income Tax8.1%

Federal Intergovernmental Education4.8%

Other Selective Sales Taxes3.3%

Miscellaneous General Revenue Not Elsewhere Classified3.2%

Motor Fuels Sales Tax2.1%

Higher Education Tuition Charges2.0%

Motor Vehicle License1.9%

Unemployment - Contribution1.5%

Federal Intergovernmental Highways1.4%

Federal Intergovernmental Other1.4%

Toll Highway Charges1.2%

Amusement Tax1.1%

Public Utilities Tax1.1%

Net Lottery Revenue1.0%

Hospital Charges0.9%

Federal Intergovernmental Housing & Community Development0.7%

Tobacco Sales Tax0.7%

Higher Education Auxiliary Charges0.6%

Death & Gift Tax0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Insurance Premium Tax0.4%

Donations From Private Sources0.4%

Corporation License Tax0.3%

Alcoholic Beverage Sales Tax0.3%

Federal Intergovernmental Employment Security Administration0.3%

Interest Earnings0.2%

Local Intergovernmental Public Welfare0.2%

Motor Vehicle Operators License0.2%

Documentary & Stock Transfer Tax0.1%

Local Intergovernmental Highways0.1%

Federal Intergovernmental Other Natural Resources0.1%

Federal Intergovernmental Air Transportation0.1%

Fines & Forfeits0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental Sewerage0.1%

Property Tax0.1%

Workers Compensation - Other Contributions0.0%

Local Intergovernmental Education0.0%

Hunting & Fishing License0.0%

Housing & Community Development Charges0.0%

Parks & Recreation Charges0.0%

Amusement License Tax0.0%

Public Utility License Tax0.0%

Other License Tax0.0%

All Other Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Parimutuels Tax0.0%

Regular Highway Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Unemployment - Interest Revenue0.0%

Rents0.0%

Sale of Property0.0%

Workers Compensation - Interest Earnings0.0%

Key Insights

1Total revenue increased by 79.7% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by -2.2%, while per-capita revenue changed by 83.8%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Illinois: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 219%

$21,647,124,000→$69,057,244,000

Per Capita Spending▲ 226%

$1,681→$5,486

Population Trends

Population Change▼ 2.2%

12,873,763 (2012)→12,587,530 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 61%

$373,224,000 (2012)→$600,971,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 52%

$711,539,000 (2012)→$1,079,922,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 85%

$900,651,000 (2012)→$1,668,693,000 (2022)

General Expenses▲ 158%

$3,658,325,000 (2012)→$9,449,196,000 (2022)

Illinois Key Insights

1Per capita expenditures grew by 226%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 158%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 85% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 12%

$37,282,096,000 (2012)→$41,801,497,000 (2022)

Industrial Revenue Debt▼ 100%

$27,004,499,000 (2012)→$0 (2022)

Per Capita Debt▲ 15%

$2,896 (2012)→$3,321 (2022)

Population Trends

Population Change▼ 2.2%

12,873,763 (2012)→12,587,530 (2022)

Debt Management

Most Recent Year (2022)

Issued:$3,640,182,000

Retired:$4,080,145,000

Net Change:$-439,963,000

Debt Retirement Trend

$3,862,668,000 → $4,080,145,000▲ 6%