Unexpected Revenue Is Good News For Illinois

SPRINGFIELD, Ill. — Better than expected tax-revenue has led to a change of plans for Illinois Gov. J.B. Pritzker.

A letter to lawmakers Tuesday from the Pritzker administration reported $4.1 billion in individual and corporate income tax revenues in April. That’s up 38% from 2018 and $1.5 billion more than initially projected.

Pritzker says that the increase will cover an expected $1.6 billion shortfall in this year’s budget.

Due to the added revenues he has dropped a plan to reduce pension-payment obligations next year.