State revenue growth is on track to meet expectations and there was no “April surprise” from income tax receipts. The Commission on Government Forecasting and Accountability says it is not planning any significant changes to its March revenue projection for the year.
An update released Friday shows current fiscal year revenue is expected to be about 1.2% higher than what lawmakers budgeted for. For the upcoming year, new projections are now more bullish than what Gov. JB Pritzker proposed, according to the Commission on Government Forecasting and Accountability.
