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Total Taxpayer Spending for Illinois’ Budget Jumps 95% Since 2018
2023-08-04
A new report from the Illinois Commission on Government Forecasting Accountability shows a dramatic increase of overall taxpayer spending over the past six years. COGFA’s report on fiscal year 2024 released Monday reviews the annual budget that began July 1. The report details the budget process and how much each state agency and program is set to receive in annual appropriations. While a lot of reporting focuses on the state spending of $50.4 billion in Illinois General Revenue Funds, overall taxpayer spending is much higher at more than $193.5 billion when taking into account federal and special funds. That’s up from the $99 billion in total spending for fiscal year 2018, or a 95.3% increase.
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