Illinois Fiscal Statistics

StatisNostics/State Financials/Illinois

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20122021

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State Revenue Analysis (Illinois: 2012–2021)

Population: 12,873,763 → 12,671,821 (-1.6% change)

Overall Revenue Trends

Total Revenue▲ 49.3%

$66,308,648,000 (2012)→$99,027,608,000 (2021)

Per Capita Revenue▲ 51.7%

$5,151 (2012)→$7,815 (2021)

Fund Balances▲ 21.1%

$42,460,373,000 (2012)→$51,415,341,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 6.6%

Major Tax Revenue

Property Tax▼ 8.5%

$65,106,000 (2012)→$59,589,000 (2021)

Sales Tax▲ 39.4%

$9,634,982,000 (2012)→$13,429,355,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Air Transportation▲ 562.1%

$76,960,000→$509,523,000

Other Selective Sales Taxes▲ 166.7%

$1,411,657,000→$3,765,186,000

Federal Intergovernmental Other▲ 146.1%

$718,357,000→$1,767,554,000

Declining/Slowest Growing Sources

All Other Not Elsewhere Classified Charges▼ 82.6%

$117,899,000→$20,505,000

Federal Intergovernmental Transit Utilities▼ 62.5%

$155,923,000→$58,446,000

Unemployment - Contribution▼ 53.7%

$3,243,780,000→$1,500,798,000

Revenue Forecast

Projected Revenue (Next Year)▲ 12%

Estimated: $110,882,817,072

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Individual Income Tax22.1%

Federal Intergovernmental Public Welfare20.3%

Total General Sales Taxes13.6%

Corporation Net Income Tax5.8%

Federal Intergovernmental Education4.3%

Other Selective Sales Taxes3.8%

Miscellaneous General Revenue Not Elsewhere Classified2.6%

Motor Vehicle License2.5%

Motor Fuels Sales Tax2.4%

Higher Education Tuition Charges2.3%

Federal Intergovernmental Highways1.8%

Federal Intergovernmental Other1.8%

Unemployment - Contribution1.5%

Interest Earnings1.5%

Public Utilities Tax1.3%

Toll Highway Charges1.3%

Federal Intergovernmental Health & Hospitals1.2%

Net Lottery Revenue1.1%

Hospital Charges0.9%

Tobacco Sales Tax0.9%

Amusement Tax0.9%

Occupation & Business License Not Elsewhere Classified0.6%

Federal Intergovernmental Housing & Community Development0.6%

Higher Education Auxiliary Charges0.5%

Insurance Premium Tax0.5%

Federal Intergovernmental Air Transportation0.5%

Death & Gift Tax0.5%

Donations From Private Sources0.4%

Corporation License Tax0.4%

Alcoholic Beverage Sales Tax0.3%

Local Intergovernmental Public Welfare0.3%

Federal Intergovernmental Employment Security Administration0.3%

Motor Vehicle Operators License0.2%

Local Intergovernmental Highways0.1%

Fines & Forfeits0.1%

Documentary & Stock Transfer Tax0.1%

Amusement License Tax0.1%

Federal Intergovernmental Sewerage0.1%

Federal Intergovernmental Other Natural Resources0.1%

Local Intergovernmental Other0.1%

Property Tax0.1%

Federal Intergovernmental Transit Utilities0.1%

Workers Compensation - Other Contributions0.0%

Hunting & Fishing License0.0%

Federal Intergovernmental Water Utilities0.0%

Other License Tax0.0%

Housing & Community Development Charges0.0%

Local Intergovernmental Education0.0%

All Other Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Public Utility License Tax0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

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%

Key Insights

1Total revenue increased by 49.3% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by -1.6%, while per-capita revenue changed by 51.7%.
3The state's fund balances increased by 21.1%, suggesting improved fiscal health.

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State Expense Analysis (Illinois: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 21%

$21,647,124,000→$26,224,795,000

Per Capita Spending▲ 23%

$1,681→$2,070

Population Trends

Population Change▼ 1.6%

12,873,763 (2012)→12,671,821 (2021)

Public Safety Expenses

Police Protection▲ 39%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 13%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 22%

$0 (2012)→$0 (2021)

General Expenses▲ 90%

$0 (2012)→$0 (2021)

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 7%

$37,282,096,000 (2012)→$39,933,062,000 (2021)

Industrial Revenue Debt▼ 8%

$27,004,499,000 (2012)→$24,807,378,000 (2021)

Per Capita Debt▲ 9%

$2,896 (2012)→$3,151 (2021)

Population Trends

Population Change▼ 1.6%

12,873,763 (2012)→12,671,821 (2021)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$3,295,200,000

Retired:$2,712,046,000

Net Change:+$583,154,000

Debt Retirement Trend

$3,862,668,000 → $2,712,046,000▼ 30%