The Illinois Capitol   

The state ended Fiscal Year 2024 on June 30 with revenue falling in line with expectations of the state’s two major budget forecasting offices. 

Despite the news that state revenue officially came in higher than legislators first expected when they passed the FY24 budget in May 2023, the state’s independent budget forecasting office the Commission on Government Forecasting and Accountability (CGFA) pointed out Illinois has a lot of work to do to improve key economic conditions.